Three new suspects arrested as part of multi-million budget embezzlementThe Moscow Tverskoy District Court has ordered the arrest of three more individuals suspected of embezzling three billion rubles from the St. Petersburg budget.12:04 03.12.2012
Ex-FSB officer detained for fraud was Berezovsky's trusteeFormer Federal Security Service's (FSB) officer Andrey Ponkin, who has been detained in Moscow on suspicion of major fraud, has long been fallen oligarch Boris Berezovsky's trustee.17:33 28.11.2012
Russian senators beef up law on the crime of fraudThe Federation Council has approved a law, providing further detail into the Criminal Code article on "fraud," and banning the possibility to initiate criminal cases under the article without first receiving a complaint from the defendant.14:39 28.11.2012
Mirax Group fraud case transferred to investigatorsThe criminal case on fraud concerning Mirax Group developer employees is being investigated by the Interior Ministry's Investigative Department.12:29 28.11.2012
Former Defense Ministry department head charged with large-scale fraudYevgenia Vasilyeva, the former head of the Defense Ministry's Property Relations Department, has been charged with involvement in the embezzlement of assets worth 360 million rubles ($11,560).18:00 23.11.2012
Brother of Russia's richest woman finishes examining materials in his caseEntrepreneur Viktor Baturin, who has been accused of fraud, has finished familiarizing himself with the materials in the criminal case against him16:49 23.11.2012
Five Russians arrested in Sri Lanka for credit card fraudFive Russians have been detained in Sri Lanka on counts of credit card fraud, Sri Lankan police reported on Sunday.11:09 19.11.2012
Former Moscow official disputes fraud chargesYuri Khardivkov, the former prefect of Moscow's Northern Administrative District, has filed a legal challenge related to the actions of investigators who accused him of fraud.17:20 15.11.2012
New suspect named in defense holding fraudThe former deputy CEO of the Maintenance Operation Department is now a suspect in the criminal case pending in the real estate scandal that served as the basis of Defense Minister Anatoly Serdyukov's ouster last week.15:54 13.11.2012
Russian bank fraudster to be sentenced in US in DecemberThe announcement of the sentence to be handed down to Russian citizen Vladimir Zdorovenin, accused of defrauding U.S. citizens and banks, has been postponed until December 7.10:55 09.11.2012
Russian lawmakers to clarify the definition of fraudState Duma lawmakers plan to distinguish between everyday fraud and fraud in the business sector. The draft law was submitted to the Duma on April 11 and adopted in the first reading on October 23.15:11 07.11.2012
Defense holding fraud case primary suspect appeals arrestThe defense of Yekaterina Smetanova, former head of the Expert Legal Support Center and charged with large-scale fraud as part of the Oboronservis case, has disputed the court ruling on her arrest.11:58 07.11.2012
Amendments on fraud provisions may be approved before winterThe State Duma is determined to approve by late November amendments to the article on fraud in the Criminal Code.14:17 02.11.2012
Head of State Duma department arrested for peddling jobsThe Moscow Tverskoy District Court has sanctioned the arrest of Andrei Vostrov, head of the engineering technical property management department at the State Duma; Vostrov is suspected of accepting money in exchange for positions at the Duma.10:11 02.11.2012
Probe wraps against accused large-scale fraud BaturinA criminal investigation probing large-scale fraud allegations against businessman Viktor Baturin has wrapped.16:46 31.10.2012
US prosecutors recommend 2.5 years in prison for Russian suspected of fraudUS prosecutors have submitted a recommendation to the US District Court for the Central District of California to sentence Sergei Bugayev to 2.5 years in prison for his involvement in large-scale fraud.17:35 30.10.2012
Armenian fraudster admits guilt over US smuggling ringDavid Mirzoyan, a key member of the notorious international organized crime enterprise known as the Mirzoyan-Terdjanian Organization that stole more than $100 million through a wide-range of money making fraudulent schemes, has pleaded guilty.10:35 29.10.2012
Duma lawmakers to discuss draft law under fraud article on Nov. 7Experts and State Duma deputies will discuss a Supreme Court draft law that aims to provide additional details to the article on fraud in the Criminal Code during the parliamentary hearings on November 7.17:47 26.10.2012
Africans suspected of $28.2 mln fraud arrested in MoscowThe Moscow Tverskoy District Court has placed two citizens of Nigeria and Cameroon under arrest until December 23 for suspicion of embezzling a minimum of 900 million rubles ($28.2 million) from foreign commercial enterprises under the guise of famous Russian companies.11:30 26.10.2012
US slaps Bank of America with $1bln mortgage fraud suitUS federal prosecutors on Wednesday filed a $1 billion civil lawsuit against Bank of America, accusing America’s second largest bank of a “spectacularly brazen” scheme in which the bank allegedly churned out fraudulent mortgages and sold the loans to the government.10:19 25.10.2012