A former Commissioner of the US Virgin Islands Department of Sports, Parks, and Recreation has been sentenced to five years in prison for orchestrating a bribery scheme linked to a government procurement contract valued at $1.43 million. The case underscores ongoing vulnerabilities in public sector contracting and the importance of robust anti-corruption controls. Calvert White, formerly responsible for overseeing Sports, Parks, and Recreation, solicited and accepted a bribe

The Upper Tribunal has upheld the Financial Conduct Authority’s decision to ban Darren Antony Reynolds from working in financial services and to fine him £2,037,892, marking one of the most serious enforcement outcomes arising from the British Steel Pension Scheme cases. The ruling, first published on 19 January 2026, represents a decisive endorsement of the FCA’s findings on dishonesty, lack of integrity and deliberate misconduct in pension transfer advice. The Tribunal agre

The Financial Conduct Authority (FCA) has fined oil and gas consultant Russel Gerrity £309,843 for insider dealing after he used confidential drilling information to generate personal trading profits of £128,765. The enforcement action highlights the FCA’s continued focus on market abuse and the critical role of surveillance and industry reporting in detecting misconduct. Between October 2018 and January 2022, Mr Gerrity exploited inside information obtained through his consu

The financial services industry has long relied on employees to act as a final line of defence against misconduct. From exposing...

The assumption that bribery and corruption are more prevalent in developing nations has been a longstanding tenet of both media...

The Financial Conduct Authority has launched criminal proceedings against two individuals accused of insider dealing linked to the proposed takeover of GCP Student Living Plc. The case highlights the regulator’s continued focus on market abuse, a central pillar of its five-year strategy to strengthen trust and integrity across the UK’s financial markets. According to the FCA, Bobosher Sharipov, formerly employed at Jefferies International Limited, allegedly disclosed confiden

The Financial Conduct Authority (FCA) has banned and fined financial advisor Neil Sedgwick Dwane £100,281 for insider dealing, following misconduct that breached market integrity and professional trust. In 2022, Mr Dwane, acting as an advisor for ITM Power Plc (ITM), had access to confidential market-sensitive information concerning an upcoming company announcement scheduled for 27 October. The announcement triggered a 37% drop in ITM’s share price. The day before the announc

In British public discourse, there is a peculiar allergy to the word 'corruption'. From parliamentary scandals to procurement...

A federal jury in Miami has convicted Carl Alan Zaglin, the 70-year-old owner and chief executive of Atlanco LLC, for his role in a...

A Ukrainian national has been charged in New York for serving as an administrator in three notorious ransomware schemes — LockerGoga,...

The US Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a Notice classifying financially motivated sextortion as a...

The Financial Conduct Authority (FCA) has secured the sentencing of Matthew and Nikolas West for insider dealing, with the brothers...