The Serious Fraud Office has launched a preliminary inquiry into the UK operations of US insurance giant American International Group's finance arm.

From the Beeb: The former chairman of the Nasdaq stock market has been arrested and charged with securities fraud, in what may be one of the biggest fraud cases yet. Bernard Madoff ran a hedge fund which ran up $50bn (£33.5bn) of fraudulent losses and which he called "one big lie", prosecutors allege. Wow. Even more interesting is the bit about how he made the thing work - According to the U...

Italy's finance police have tackled thousands of cases of suspected fraud involving EU structural funds totalling hundreds of millions of euros

[Making the rounds] CEO --Chief Embezzlement Officer. CFO-- Corporate Fraud Officer. BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. BEAR MARKET -- A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex. VALUE INVESTING -- The art of buying low and selling lower. P/E RATIO -- The percentage...

These are doing the rounds in the city at present, enjoy! NEW STOCK MARKET TERMS: CEO --Chief Embezzlement Officer. CFO -- Corporate Fraud Officer. BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius. BEAR MARKET -- A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry VALUE INVESTING -- The art of buying low and selling l...

The new benefit fraud website is up in its first incarnation. The purpose is to pull together the (now almost daily) updates in the benefit fraud blog into some overview of this problem, which is costing us taxpayers at least £2bn a year. (Fraud minister Tony McNulty says it's £800m, or £737m if you deduct benefit fraud by expats. Seems he knows less about fraud than you mig...

Michel Barnier, the European Union's internal market commissioner, is proposing an increase in the guaranteed individual compensation level in cases of investment group fraud from €20,000 to €50,000

The capital risks losing its pivotal position as a centre of green finance and missing out on a growing market worth many billions of pounds a year, according to a government minister

Berlaymonster has done some fine digging, Instead of being sacked, Eurocrats are being compensated for fraud, all because the investigating office is useless. 14 EU fonctionnaires investigated for suspected injury benefit fraud have been awarded an extra 3000 euros each from the taxpayer, after it transpired the EU’s fraud watchdog failed to tell the accident-prone civil servants that they w...

Berlyamonster has done some fine digging, Instead of being sacked, Eurocrats are being compensated for fraud, all because the investigating office is useless. 14 EU fonctionnaires investigated for suspected injury benefit fraud have been awarded an extra 3000 euros each from the taxpayer, after it transpired the EU's fraud watchdog failed to tell the accident-prone civil servants that they we...