Investors sue Fla. lawyer in fraud probe for $100M AP (November 20, 2009) MIAMI (AP) - Investors claiming they were fleeced by a high-profile South Florida attorney filed a $100 million lawsuit Friday contending that the lawyer orchestrated a massive Ponzi scheme with the help of a Canadian bank's U.S. subsidiary and several accomplices.
Govt may get billions under Forbes' divorce decree AP (November 17, 2009) BRIDGEPORT, Conn. (AP) - The federal government might get to collect billions of dollars in court-ordered restitution under a new divorce decree between imprisoned former Cendant Corp. chairman Walter Forbes and his wife of 27 years.
Ex-congressman gets 13 years in freezer cash case AP (November 13, 2009) ALEXANDRIA, Va. (AP) - A former Louisiana congressman who famously stashed cash in his freezer was sentenced Friday to 13 years in prison for taking hundreds of thousands in bribes in exchange for using his influence to broker business deals in Africa.
JPMorgan settlement with SEC worth over $700M AP (November 04, 2009) WASHINGTON (AP) - JPMorgan Chase & Co. has agreed to a settlement worth more than $700 million over federal regulators' charges that it made unlawful payments to friends of public officials to win municipal bond business in Jefferson County, Ala.
NY prosecutors ask billionaire's bail stay high AP (November 04, 2009) NEW YORK (AP) - Federal prosecutors in New York say a billionaire hedge fund manager charged in a $25 million insider trading case must remain held under a $100 million bail because he has the money and the incentive to flee.
Bloomberg favored to win 3rd term as NYC mayor AP (November 03, 2009) NEW YORK (AP) - A year after Mayor Michael Bloomberg orchestrated a change to city law so he could run for a third term, voters decided Tuesday whether to keep the billionaire in office for another four years.
Whistleblower recounts money problems at Petters AP (November 02, 2009) ST. PAUL, Minn. (AP) - The longtime aide of a businessman accused of operating a $3.65 billion Ponzi scheme is testifying that he was struggling to find new money and hold off nervous investors.
Prosecutors: Madoff accountant to enter plea AP (October 30, 2009) NEW YORK (AP) - Disgraced financier Bernard Madoff's longtime auditor is expected to plead guilty next week in a cooperation deal, federal prosecutors told a judge Friday.
Feds taking action against reverse mortgage lender AP (October 30, 2009) HONOLULU (AP) - The U.S. Department of Housing and Urban Development is taking action against a reverse mortgage lender in Hawaii.