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Midweek Roundup: United States Settles Magnitsky Fraud Case, Wells Fargo’s Fake Accounts Settlement in Peril, and More
printRussian-owned Cypriot company Prevezon Holdings will pay U.S. authorities nearly $6 million to settle charges of money laundering stemming from the $230 million tax fraud first uncovered by the now-deceased Muscovite attorney Sergei Magnitsky, Bloomberg said. More A U.S. federal judge indicated he may reject Wells Fargo & Co.'s proposed $142 million settlement with customers for illegally opening millions of unauthorized accounts under their names after attorneys for the bank disclosed that at least 1 million more clients were victimized by the scheme than previously estimated, Reuters reported. More U.K. prosecutors told France's Societe Generale to supply documents on its dealings...
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