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Blighty's SFO 'not conflicted' on Autonomy numbers probe

Blighty's Serious Fraud Office has said that there's no conflict of interest in its criminal investigation into Autonomy, despite reports that the SFO itself uses the firm's document management tool Introspect. The SFO was called in to look into allegations from new owners HP of accounting irregularities and misrepresentations …
Lyft cars

San Franciscans: Lyft and UberX want to take you to the airport

Bay Area residents looking to get to San Francisco International Airport (SFO) received another option this week when Uber announced it had agreed with authorities on a plan to allow UberX and Lyft drivers to travel to and from the airport. The airport said that the deal would allow the amateur driver service to make trips to …
Shaun Nichols, 22 Oct 2014
The Register breaking news

SFO abandons case management IT

The Serious Fraud Office has written off £1.3m on an abandoned case management system. In response to a Freedom of Information request, the SFO said that the system, which reached "early build" stage, was intended to replace its existing case management software. The SFO currently uses Docman software, developed in partnership …
Kable, 18 Jan 2010
credit: Alexandre Duret-Lutz licensed under Creative Commons Attribution-share alike http://creativecommons.org/licenses/by-sa/2.0/

Serious Farce Office: 32K secret BAE probe files spaffed to WRONG bod

The UK's top anti-fraud agency has admitted it sent tens of thousands of sensitive documents from an investigation into arms giant BAE Systems to the wrong person. The probe into multinational defence corporation BAE Systems ended after the aerospace firm paid a whopping $400m fine to the US relating to a violation of US rules …
Jasper Hamill, 09 Aug 2013

Serco welcomes former CSC boss to run gov unit

Gardening leave is almost over for former CSC UK bigwig Liz Benison, who is set to rock up at Serco to run its Brit and European local and regional government division from the start of next month. As revealed by The Channel back in April, Benison was replaced at the CSC helm by ex-Cognizant veep Dr Sanjiv Gossain, at the same …
Paul Kunert, 08 Aug 2014
Prison window

UK fraud squad bends over Serco, G4S for 'phantom crims' probe

The UK's Serious Fraud Office (SFO) has launched a criminal investigation into contractors Serco and G4S after an audit allegedly suggested the companies were massively overcharging for the electronic tagging of offenders. Sources in government told The Guardian that the two firms billed Blighty for monitoring at least 18,000 …
Iain Thomson, 05 Nov 2013
The Register breaking news

UK fraud office hauls Olympus into court over accounting scandal

Japanese camera firm Olympus will be prosecuted by the UK's Serious Fraud Office along with its British subsidiary Gyrus Group following a £1bn accounting scandal at the company. The SFO has been investigating both companies after three of Olympus' former execs admitted to falsifying financial statements, overstating net assets …
globalisation

SFO raids Torex addresses

The Serious Fraud Office (SFO) has raided three addresses connected to Torex Retail, the troubled software supplier already facing investigation from the London Stock Exchange (LSE), after a shock profit warning on 26 January. The SFO is investigating along with the City of London police. A statement on the SFO website said a …
John Oates, 31 Jan 2007

'British Bill Gates' Lynch laments HP's Autonomy 'botch-up'

Mike Lynch, once billed as Britain’s Bill Gates, has lamented the handling of his former company Autonomy, saying Hewlett-Packard fumbled the acquisition. In a softball CNBC interview where he pushed his Invoke Capital venture fund, Lynch said Autonomy was the “next generation of software” until HP "dropped the ball". In …
Gavin Clarke, 16 Sep 2013
management research

UK Serious Fraud Office queues up to probe HP's Autonomy allegations

The UK Serious Fraud Office has told The Register it is investigating allegations of accounting irregularities at Autonomy, the Brit software house gobbled by HP for $10.7bn in 2011. In November last year, Hewlett-Packard claimed Autonomy "outright misrepresented" its value in the months before its acquisition, causing HP to …
Gavin Clarke, 12 Mar 2013
VMware logo

Suppose they gave a VMworld and vSphere didn't show up?

A hypothetical VMworld 2014 attendee utterly unfamiliar with VMware could conceivably have emerged from the event unaware that the company's flagship product is called vSphere. But if one poked one's head into the right places at the show it was possible to learn a little about the product's future. Our tip that version 6.0 of …
Simon Sharwood, 29 Aug 2014
The Register breaking news

SFO kicks BAE corruption charges upstairs

BAE Systems, the largely overseas-based but UK-headquartered arms firm, has refused a peace deal with the Serious Fraud Office (SFO). British politicians will now have to decide whether to take the company to court for corrupt deals in Africa and Eastern Europe. But BAE wields colossal political influence in the UK; there's …
Lewis Page, 01 Oct 2009
The Register breaking news

Saved-game bug dumped PlayStation 3 fans in hijackers' sights

A potentially nasty security hole has apparently been found in the PlayStation 3 that allows miscreants to execute commands on a player's console if they preview a booby-trapped saved game. The flaw affects firmware version 4.31 in Sony's gaming rig, according to the Vulnerability Laboratory Research Team which claims to have …
John Leyden, 29 May 2013
The Register breaking news

Net funds directors charged by SFO

The Serious Fraud Office (SFO) has charged four people with fraud over fundraising for an Internet start-up. The SFO yesterday charged the four in connection with two companies, Free Dot Net, an ISP, and Discount Telecom. Two other people were also embroiled in the Discount Telecom charges. The move was the first time the SFO …
Linda Harrison, 15 Dec 1999
channel

Fraud charges for 3 former Torex execs

The Serious Fraud Office (SFO) is charging three former executives of Torex Retail Plc with fraud offences. The company came to the attention of investigators four years ago after a trading update in 2007 which claimed all was well was quickly followed by a profit warning. The SFO raided several properties as a result, and the …
John Oates, 05 May 2011
The Register breaking news

UK Serious Fraud Office mulls News Corp probe

The Serious Fraud Office (SFO) is considering investigating various allegations against Rupert Murdoch's News Corp. A spokeswoman said the SFO was mulling over a letter sent to the agency by MP Tom Watson, a member of the Commons media select committee which grilled Murdoch, his son James, and ex-News International boss Rebekah …
Kelly Fiveash, 20 Jul 2011

Brit Bill Gates writes ANOTHER open letter to HP board

Former Autonomy mobster Mike Lynch wants HP to shine a light on the accusations of book-cooking made against him and his exec team when it holds the annual shareholder meeting later today. Good luck with that Mike, it's not the first time you've tried and been stonewalled by HP. In fact, when The Channel asked HP about its …
Paul Kunert, 20 Mar 2013
The Register breaking news

Saab fingers BAE over South African fighter deal

UK-headquartered arms globocorp BAE Systems is back in the spotlight over allegedly corrupt business practices after its partner Saab announced that it had submitted documents to the Swedish national anti-corruption prosecutor and specifically named BAE. Saab makes the Gripen fighters now being delivered to the South African air …
Lewis Page, 20 Jun 2011
Mike Lynch

'Brit Bill Gates' defends his honour in open letter to HP board

Hewlett-Packard has slapped down former Autonomy boss Mike Lynch after he called for details of accounting charges made against him and for an explanation of what HP executives really knew. In an open letter to PC giant’s board, Lynch effectively accused HP of smearing him by releasing selected information to the media and he …
Gavin Clarke, 28 Nov 2012
The Register breaking news

'Look, isn't there some way we can get Julian out of here?'

The HP v Autonomy spat rumbled on this week, as Hewlett-Packard continued to maintain that Autonomy had "inflated its value", leading HP to slurp it up for an unwise amount of money. HP has said that it had to write down $8.8bn on the acquisition and alleges that Autonomy shuffled the figures to make itself look good. Former …
The Register breaking news

Corporate hospitality is OK, says new Bribery Act guidance

The Bribery Act will not lead to a large number of prosecutions and will not outlaw corporate hospitality, the Government has said in long-awaited guidance on last year's Bribery Act. The guidance also makes it clear that small companies could communicate their anti-bribery policies orally and still meet the requirements of the …
OUT-LAW.COM, 30 Mar 2011
The Register breaking news

My part in the GREATEST IPO SUCCESS of ALL TIME

[The founder of Shoreditch's leading VC investment boutique has been helping Facebook with its IPO - Ed] After a month in California on special business, during which I couldn't blog here or tweet, I returned to The Roundabout on Monday to hear that a naked man has been found eating the face off another naked man in the street …
Steve Bong, 01 Jun 2012
The Register breaking news

Merlin quizzed on missing millions

Merlin Biosciences, the €450m venture capital fund, has confirmed it is facing a Serious Fraud Office investigation. The probe is believed to centre around a "missing" £2.5m. The company said: "Merlin wishes to confirm that it is working with SFO in a preliminary inquiry concerning an investment made by one of its funds." It …
John Oates, 27 Sep 2005
The Register breaking news

BAE Saudi 'corruption' case could go to US Supremes

A corruption lawsuit in the USA against UK-headquartered but nowadays primarily US-based arms globocorp BAE Systems may move to the Supreme Court, according to reports. Reuters quotes lawyer Patrick Coughlin, representing the city employees' pension fund of Harper Woods, Michigan, as saying that he and his clients "will consider …
Lewis Page, 05 Jan 2010
The Register breaking news

BAE cops to arms-deal violation, pays $400m US fine

UK-headquartered but nowadays US-centred arms globocorp BAE Systems has confessed to corporate wrongdoing and will pay hefty fines on both sides of the Atlantic. Most of today's revelations in the case are unsurprising - BAE has reportedly confessed to violations under US law with respect to aspects of the vast, highly …
Lewis Page, 05 Feb 2010
The Register breaking news

Court lifts lid on Saudi terror threat claim

UK-headquartered BAE Systems faces the risk that a Serious Fraud Office investigation into its dealings - said to have been personally halted in 2006 by Tony Blair citing "national security" concerns - might be reopened. A civil lawsuit brought by the Campaign Against Arms Trade (CAAT) and social justice umbrella organisation …
Lewis Page, 15 Feb 2008
The Register breaking news

BAE chief exec, director detained at US airports

The CEO of BAE Systems plc, the controversial UK-headquartered arms giant, was detained by the US authorities after landing at Houston airport last week. A fellow company boardmember was also taken aside on arrival at Newark. The Financial Times reports that Mike Turner and non-executive director Sir Nigel Rudd had their …
Lewis Page, 19 May 2008
channel

More dawn raids at Torex Retail

The Serious Fraud Office (SFO) raided two residential properties in Gloucestershire and Warwickshire and a business address in Banbury, where Oxfordshire-based software firm Torex Retail has its headquarters, as part of its investigation into the company. The simultaneous raids, carried out yesterday morning, did not lead to …
John Oates, 22 Mar 2007
The Register breaking news

BAE's man in the MoD taken aside by feds in Miami

A third senior BAE Systems executive has been subpoenaed by US investigators in recent weeks, it has emerged. Alan Garwood, until recently seconded from BAE as head of the Defence Export Sales Organisation (DESO), the controversial Ministry of Defence arms-sales bureau, was served with legal documents while changing planes in …
Lewis Page, 05 Jun 2008
unhappy

Torex takeover angers shareholders

Shareholders in Torex Retail have reacted angrily to news that the company has been sold in a private equity deal which will see the banks get paid off but leave little for ordinary shareholders. A pressure group - UK Shareholders Association (UKSA) - is calling for an extraordinary general meeting to be held within three weeks …
John Oates, 21 Jun 2007
fingers pointing at man

Torex Retail fraud investigation stool pigeon sings

The identity of the whistleblower in the Serious Fraud Office's (SFO) investigation of software firm Torex Retail was revealed on Friday as its suspended chief executive. Neil Mitchell told the Financial Times he had led a group of executives which had reported the firm to authorities. He said he would be seeking protection …
The Register breaking news

Courts slam Blair's 'abject surrender' to Saudi prince

The UK High Court has ruled that a controversial government decision to stop investigating allegations of arms industry bribery in Saudi Arabia violated both British and international law. Despite the judgement, it remains unclear whether the investigation will restart. The judicial review took place as a result of legal action …
Lewis Page, 10 Apr 2008
The Register breaking news

US gov may forbid BAE Eurofighter sale to Saudis

A controversial British deal to supply Eurofighter jets to Saudi Arabia may have hit an obstacle. It appears that the Eurofighter - long touted as proof that the UK and its continental partners can make serious combat kit without American help - actually contains significant amounts of US technology, and that Washington may not …
Lewis Page, 18 Apr 2008
The Register breaking news

Gov approval given for Saudi Eurofighter sale

The US government has given its approval for the sale of sensitive military technology to the Saudis in the form of Eurofighter combat jets developed cooperatively by the UK, Germany, Italy and Spain. A Tranche 1 Eurofighter in RAF service Headed for mothballs in the UK - and to the Saudis. Washington's approval is necessary …
Lewis Page, 23 Oct 2008

Court slams Vogon for overbilling Serious Fraud Office

Data recovery specialist Vogon was heavily criticised n court last week for attempting to overcharge the Serious Fraud Office. Judge Richard Seymour, sitting in the Technology and Construction Court division of the High Court, dismissed Vogon's action regarding a disputed claim of payment for data recovery services to the SFO …
John Leyden, 22 Jul 2003
The Register breaking news

DHS airport spooks stalk star hacker

Last weekend, as US-based security researcher Moxie Marlinspike snoozed during a layover at the Frankfurt Airport, he awoke to a scene straight out of a Franz Kafka novel. “Some dude shows up with a picture of me on his cell phone, and he's just looking through the crowd at the gate until he finds me,” Marlinspike told The …
Dan Goodin, 19 Nov 2010
The Register breaking news

Four arrested in '£6m' phone scam probe

Four men have been arrested in connection with a premium-rate phone scam that police reckon could have netted an estimated £6m. The four - two from Cambridge and two from Basingstoke - were arrested on suspicion of conspiracy to defraud customers of the telephone network, police said in a statement. The investigation is …
Tim Richardson, 26 Sep 2005
The Register breaking news

UK gov: Feds will get BAE bribe files when hell freezes over

The UK government has refused to say when (or if) it might hand over its files on alleged corrupt payments by British-headquartered arms behemoth BAE Systems to Saudi royalty. The US Justice department formally requested the information six months ago. The files in question are mainly those held by the UK's Serious Fraud Office …
Lewis Page, 07 Dec 2007
The Register breaking news

US gov demands Saudi-BAE documents

The US government has asked for full cooperation with its investigation into Saudi-BAE arms deals from the British Home Office, and Whitehall is considering its response. The US Department of Justice has asked officials to hand over all documents related to BAE's payments to Saudi royals. BAE Systems is now under federal …
Lewis Page, 16 Jul 2007
The Register breaking news

BAE broke bribery pledge, faked US arms-export applications

Further details have emerged regarding the US Department of Justice case against UK-headquartered arms globocorp BAE Systems. The feds - without argument from BAE - say that the company engaged in a "conspiracy" to violate several US laws in recent years. In particular, the Justice department alleges that BAE broke a promise …
Lewis Page, 08 Feb 2010
The Register breaking news

Feds working round UK gov in BAE slime case

UK-headquartered global arms behemoth BAE Systems is in the news again this morning, as reports indicate that US anti-corruption investigators are gathering evidence against the firm despite stalwart obstructionism by the British Government. BAE has been dogged for most of its history by allegations that the company - in …
Lewis Page, 26 Nov 2007
channel

Bribery Act passed by Parliament

A new bribery law has been passed by the Houses of Commons and Lords but is not yet in force. The Bribery Act can penalise companies whose employees engage in bribery if the company did not have adequate policies in place to prevent it. The law gives a more certain definition of what bribery is and updates a law that was seen as …
OUT-LAW.COM, 09 Apr 2010
The Register breaking news

Serious Fraud Office gives Azlan clean bill of health

Networking distributor Azlan has been given the all clear by the Serious Fraud Office (SFO). The SFO was called in to investigate the company following allegations of financial impropriety when Azlan revised its financial results The company lost £14.1 million on sales up from £196.5 million to £293 million, compared with the £ …
Team Register, 19 Jan 1999
The Register breaking news

Serious Fraud Office probes PC Science

The Serious Fraud Office (SFO) is investigating PC Science, the Yorkshire manufacturer that went into receivership earlier this month. The SFO said the case had been referred to them by North Yorkshire police on 9 June. The investigation, which is being handled in conjunction with North Yorkshire police, started on 13 July. The …
Linda Harrison, 19 Jul 1999
The Register breaking news

Washington backing for Brit arms biz coming unstuck

The US authorities are definitely investigating allegations of corrupt practice by UK-based arms colossus BAE Systems, according to reports. The Guardian, the paper which has probed British arms sales to Saudi Arabia for over a decade, reports that a US investigation into BAE's conduct is imminent - along with the news that …
Lewis Page, 18 Jun 2007
channel

Clarity shareholders call for boss's head

Clarity Commerce Solutions has vowed to fight rebel shareholders calling for changes to senior management. A former chairman of the company and individuals representing 13 per cent of Clarity's share capital are calling for an extraordinary meeting to remove current chief executive Graham York. Earlier this month Clarity …
John Oates, 17 Apr 2007
The Register breaking news

BAE shares tank as US feds break cover

UK arms colossus BAE Systems is under investigation by US authorities for alleged corruption. According to The Guardian, BAE Systems last night received formal notification that the US Department of Justice was investigating "the company's compliance with anti-corruption laws, including the company's business concerning the …
Lewis Page, 26 Jun 2007
The Register breaking news

e-district.net calls in fraud squad?

The crisis surrounding e-districtict.net appeared to worsen today after the Times reported that the Serious Fraud Office (SFO) has been called in to investigate the irregularities at the British dotcom. Yesterday, e-district.net confirmed that CEO, Stephen Laitman, had been dismissed amid allegations that he inflated usage and …
Tim Richardson, 28 Feb 2001
The Register breaking news

BAE slimed from all directions

Brobdingnagian arms firm BAE Systems plc's recent run of luck may be coming to an end, as a flurry of bad-news revelations have emerged in recent days. The UK-headquartered multinational may soon be the focus of criminal charges in Tanzania; is the subject of a new American lawsuit; and US investigators continue to pursue the …
Lewis Page, 21 Sep 2007
The Register breaking news

How Saudi slush kept UK aero biz afloat

The long-smouldering debate around allegations of corrupt British arms deals with Saudi Arabia reignited yesterday, as both the Guardian and the Beeb published the results of new investigations. To recap: back in 1986, the Saudis agreed with the British government to buy a large amount of military hardware from UK firms under a …
Lewis Page, 08 Jun 2007