Global private equity and venture capital news and research

Posts Tagged ‘fraud’

11 November 2015

Italian authorities ban execs in Seat Pagine bankruptcy case from holding office for a year

town-sign-96612_1280 Italian tax police have announced that 14 management board members of directories company Seat Pagine Gialle have been banned from holding office for a year, due to their connection to the company's bankruptcy declared two years ago.

13 March 2015

UK’s Passion Capital backs fraud prevention startup

passion-fruit-1152197-m Venture capital firm Passion Capital has provided seed funding for ‘smarter fraud prevention platform’ Ravelin.

11 November 2014

Sequoia, NEA back anti e-commerce fraud company Forter with $15m Series B round

closed shut lock New Enterprise Associates and Sequoia Capital have invested $15m in Israel-based online retail fraud prevention business Forter through a Series B round.

6 November 2014

Altor-backed OW Bunker forced to restructure after Singapore fraud discovery

ship supply logistics container Private equity-backed Danish marine fuel supplier OW Bunker has been forced to file for restructuring after discovering a fraud in its Singapore-based subsidiary which could see it bankrupted.

1 July 2014

Ex-CalPERS CEO ‘ready to plead guilty’ to fraud over $3bn buyout fund commitments

CalPERS Federico Buenrostro The former chief executive of the largest US public pension fund reportedly plans to plead guilty to charges he fabricated placement agent documents for $3bn of private equity commitments.

16 May 2014

Spectrum Equity pays C$60m for Verafin minority stake

venus flytrap security Growth equity firm Spectrum Equity has picked up a minority stake in fraud detection and anti-money laundering (FRAML) business Verafin for C$60m.

28 March 2014

Adams Street goes direct with ThreatMetrix investment

ThreatMetrix, provider of context-based security and fraud prevention solutions, today it has closed a $20m Series E round of financing led by private equity investor Adams Street Partners.

26 February 2014

Private equity CEO used $3m of fund capital to pay bonuses, SEC claims

law-court5_lrg A private equity manager fraudulently channeled $3m of fund capital into his firm’s expenses to pay bonuses, employee tuition fees and pensions according to charges brought by the US securities regulator.

13 November 2013

Alleged fraudster Mazzola files to raise $100m fund $

mazzola US-based investor Frank Mazzola, who has been accused of fraud by the US Securities and Exchange Commission, has filed to raise a $100m venture capital fund, AltAssets has learned.

15 August 2013

USVP looks set for bumper Trusteer exit amid reported $700m IBM buyout

US Venture Partners-backed anti-fraud and online security business Trusteer has been bought by IBM in a deal reportedly worth $700m as the computing giant looks to form a cybersecurity software lab in Israel.

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