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Petrobras (PBR) Stock Falls After Charges Announced in Corruption Scandal
2014-12-12 17:34:02| Oil & Gas - Topix.net
Suspects charged include Paulo Roberto Costa, former director of Petrobras' refining division as well as 23 executives from big Brazilian construction companies, and Alberto Youssef, who allegedly deals currency on the black market and distributed the bribe payments, according to Market Watch . A member of the group of federal prosecutors in the investigation told the publication they are looking to recover at least 1 billion reals through the charges, and have ruled out any possible out-of-court settlements.
Tags: stock
falls
charges
announced
The Wall Street Journal: Charges filed in Brazil over alleged bid to bribe Petrobras
2014-12-12 15:24:13| Oil & Gas - Topix.net
Brazilian prosecutors on Thursday filed charges against 36 suspects in a corruption investigation alleging construction companies bribed public officials and overbilled state-controlled energy giant Petroleo Brasileiro SA Among those charged were 23 executives from six of the biggest construction companies in Brazil: Camargo CorrAaa SA, Engevix, GalvA o Engenharia, Mendes JAonior, OAS and UTC Engenharia SA. Also among them were Paulo Roberto Costa, the former director of Petrobras' refining division, and Alberto Youssef, an alleged black-market currency dealer who is accused of distributing the bribe payments.
Whoops! Brooklyn prosecutors admit wrong man identified in videotaped assault, charges dismissed
2014-12-12 06:28:55| Apparel - Topix.net
A Brooklyn man can rest easy now that he has been cleared of assault charges after his lawyer noticed a discrepancy in the videoed assault. This case calls into question the reliability of eyewitness identifications, emboldens the demand for police body cameras and points to a definite change of the guard in the Brooklyn District Attorney's Office.
Tags: man
wrong
identified
charges
SEC Charges Company Executives With Issuing False Press Releases to Inflate Stock Price
2014-12-11 20:26:35| Electronics - Topix.net
The Securities and Exchange Commission recently charged two executives at a penny stock company with issuing false and misleading press releases while secretly selling thousands of their own stock shares into the market. The executives agreed to pay nearly $325,000 and accept officer-and-director bars to settle the SEC charges.
Tags: price
company
press
stock
SEC Charges Company Executives With Issuing False Press Releases to Inflate Stock Price
2014-12-11 20:15:57| IT Services - Topix.net
The Securities and Exchange Commission recently charged two executives at a penny stock company with issuing false and misleading press releases while secretly selling thousands of their own stock shares into the market. The executives agreed to pay nearly $325,000 and accept officer-and-director bars to settle the SEC charges.
Tags: price
company
press
stock
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