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.
Court worries about stifling prosecutors AP (November 04, 2009) WASHINGTON (AP) - The Supreme Court on Wednesday seemed worried that allowing people to sue prosecutors who fabricate evidence to win convictions might chill other prosecutions - even if those prosecutors are doing their jobs correctly and honestly.
Omnicare will settle kickback cases for $98M AP (November 03, 2009) NEW YORK (AP) - Omnicare Inc., which dispenses drugs to nursing homes and long-term care facilities, will pay $98 million to settle allegations it paid kickbacks to nursing homes to gain their business, and also received kickbacks for buying and recommending drugs.
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.
Ohio agency rules against former AG aide AP (October 30, 2009) COLUMBUS, Ohio (AP) - The Ohio Bureau of Workers' Compensation has ruled that a former top aide to fallen Attorney General Marc Dann committed attempted fraud.
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.
Mo. benefits manager gets prison for embezzlement AP (October 30, 2009) ST. LOUIS (AP) - A former benefits manager for a union local in St. Louis County has been sentenced to 27 months in prison for embezzling $341,000 from the union's benefit plans.
Fed court: No drug money case against Fla. lawyer AP (October 27, 2009) ATLANTA (AP) - In a first of its kind ruling, a federal appeals panel has sided with a prominent Miami defense lawyer who was accused of a crime for giving advice to attorneys for an accused Medellin cocaine cartel kingpin.
State Department employee accused of taking bribes AP (October 20, 2009) WASHINGTON (AP) - Federal authorities have arrested a State Department employee suspected of taking tens of thousands of dollars in bribes and kickbacks on contracts for Iraq reconstruction work.
Feds worried about Blagojevich TV appearance AP (October 20, 2009) CHICAGO (AP) - Prosecutors said Monday they are worried about what ousted Gov. Rod Blagojevich might say on Donald Trump's "Celebrity Apprentice" TV show that could taint the jury pool for his federal corruption trial.
IBM puts executive on leave after charges AP (October 19, 2009) SAN FRANCISCO (AP) - IBM Corp. put a top executive on leave Monday after he was charged in an insider trading scandal for allegedly leaking secrets about IBM's earnings and financial dealings with corporate partners.