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Investment fraud

Costa Rican prosecutors investigate luxury condominium fraud in Central Valley

On Monday, Costa Rican prosecutors announced they are launching an investigation of real estate group Homes Grupo Inmobilario for various developments in the Central Valley.

UPDATE: Costa Rican police raid law offices in connection with €8.5 million fraud investigation

OIJ spokeswoman Xinia Zamora said that the raid aimed to discover if the law firm was aware of the illicit source of money used to buy properties in Costa Rica by a Dutch businessman.

Citigroup pays $180 million to settle hedge fund fraud case

"Advisers at these Citigroup affiliates were supposed to be looking out for investors' best interests, but falsely assured them they were making safe investments even when the funds were on the brink of disaster," said Andrew Ceresney, director for the SEC's enforcement division.
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