Wonga should be investigated by police over fake letters, Law Society says
The Law Society has called on police to investigate payday loan firm Wonga over fake legal letters it sent to thousands of struggling customers. The society also called on the financial regulator to hand over copies of its investigation and for the Solicitors Regulation Authority to investigate the case, saying that the lender could have committed offences including blackmail and deception.
Fifa partner CEO Ray Whelan arrested over ticket scam
Brazilian police have arrested the chief executive of a Fifa partner company as part of investigations into the illegal sale of World Cup tickets. Police say the gang earned as much as $90m (£52m) per tournament and could have operated at four World Cups.
Spanish Bright Spot Shot as Gowex to File for Insolvency, CEO Quits on Fake Accounts
Let’s Gowex SA, the Wi-Fi provider that was seen as a rare success story of Spanish entrepreneurship, will file for insolvency and said its chief executive officer resigned after admitting he presented fictitious financial accounts for at least the past four years.
US SEC urges judge to find Texas tycoon Wyly liable for insider trading
The U.S. Securities and Exchange Commission on Wednesday urged a judge to find Texas tycoon Sam Wyly and his late brother, Charles, liable for insider trading, after a jury found they committed fraud by using offshore trusts to hide stock sales.