Report: Fla. investment agency under investigation AP (November 06, 2009) ST. PETERSBURG, Fla. (AP) - The Florida agency that manages $132 billion in pension and local government investments is under investigation by the Securities and Exchange Commission.
Feds: 14 charged in insider trading case AP (November 05, 2009) NEW YORK (AP) - Federal prosecutors say criminal charges have been filed against 14 people, including attorneys and Wall Street professionals, in a widening $25 million insider trading case that has already snared one of the richest men in America.
Lax laws allow US companies to be used for crimes AP (November 05, 2009) WASHINGTON (AP) - Lax state laws allow arms traffickers, drug kingpins and money launderers to use U.S. companies to hide their illicit activities from investigators, government officials said Thursday.
At federal trial, questions about Bruno documents AP (November 05, 2009) ALBANY, N.Y. (AP) - The lawyer for an investment company that paid former state Senate leader Joseph Bruno to generate business testified Wednesday that company files did not contain disclosure statements the lawmaker was required to present to clients.
Madoff's longtime auditor pleads guilty AP (November 03, 2009) NEW YORK (AP) - Disgraced money manager Bernard Madoff's longtime auditor pleaded guilty to securities fraud and other charges Tuesday in a cooperation deal that could leave him behind bars for years.
Judge to reschedule ex-Westar CEO trial AP (November 03, 2009) TOPEKA, Kan. (AP) - Federal prosecutors have asked a judge to schedule the third criminal trial for a pair of former Westar Energy Inc. executives.
Former AMD chief leaves current job AP (November 02, 2009) SUNNYVALE, Calif. (AP) - Hector Ruiz, former CEO of chip maker Advanced Micro Devices Inc., is leaving his job with a spinoff company after a published report linking him to the Galleon Group insider trading case.
Toy salesman gets 3 months jail in UBS tax probe AP (October 30, 2009) FORT LAUDERDALE, Fla. (AP) - A federal judge Friday rejected a plea for probation from a New York businessman who admitted concealing $8 million in secret Swiss bank accounts, imposing instead a three-month prison term in the high-profile tax evasion case.
West Point employee admits $3M fraud scheme AP (October 29, 2009) WEST POINT, N.Y. (AP) - A New York woman who worked in the dean's office at the United States Military Academy at West Point admits defrauding the government out of nearly $3 million.
NC man facing prison for investor fraud scheme AP (October 27, 2009) CHARLOTTE, N.C. (AP) - A 53-year-old North Carolina man is facing 14 years in prison for his part in a scheme which led investors to hand over more than $11 million to his company.
Church of Scientology convicted of fraud in France AP (October 27, 2009) PARIS (AP) - A Paris court convicted the Church of Scientology of fraud and fined it more than euro600,000 ($900,000) on Tuesday but stopped short of banning the group as prosecutors had demanded.
Lawyer: Death complicates Madoff investment case AP (October 26, 2009) PALM BEACH, Fla. (AP) - The death of Jeffry Picower, accused of profiting more than $7 billion from the investment schemes of his longtime friend Bernard Madoff, will make it more difficult for suing investors to recoup their money, attorneys said.
Autopsy set for dead Madoff associate in Florida AP (October 26, 2009) WEST PALM BEACH, Fla. (AP) - An autopsy is planned for a man accused of making more than $7 billion off the investment schemes of jailed financial manager Bernard Madoff.
House panel's probe targets big mortgage lenders AP (October 23, 2009) WASHINGTON (AP) - A House panel is investigating the role of mortgage lenders in the financial crisis and is seeking information from some of the biggest U.S. companies to determine if they used deceptive practices to lure borrowers into the housing boom.
Court filings tie Young to Alaska corruption AP (October 23, 2009) ANCHORAGE, Alaska (AP) - Documents filed in federal court directly link U.S. Rep. Don Young to a wide-ranging investigation of corruption in Alaska for the first time.
Six people charged in insider trading case AP (October 16, 2009) NEW YORK (AP) - A billionaire hedge fund boss was among five men and a woman arrested by federal authorities Friday in a hedge fund insider trading case that prosecutors say reaped $20 million in illegal profits.
Figure in Abramoff scandal gets a year in prison AP (October 16, 2009) WASHINGTON (AP) - The former top procurement official in George W. Bush's administration was sentenced Friday to a year in prison for lying about his relationship with disgraced lobbyist Jack Abramoff.
41 people charged in mortgage fraud in NY AP (October 15, 2009) NEW YORK (AP) - Federal authorities have charged 41 people in a mortgage fraud involving tens of millions of dollars across New York state.
Opening arguments in slaughterhouse fraud trial AP (October 14, 2009) SIOUX FALLS, S.D. (AP) - Opening arguments are set to begin in the financial fraud trial of a former manager of an Iowa kosher slaughterhouse that was the site of a massive immigration raid.
Former Iowa slaughterhouse manager on trial in SD AP (October 13, 2009) SIOUX FALLS, S.D. (AP) - A former manager of an Iowa kosher slaughterhouse that saw a massive immigration raid is set to go to trial in South Dakota.
Supreme Court will hear appeal of Enron's Skilling AP (October 13, 2009) WASHINGTON (AP) - The Supreme Court will consider throwing out the convictions of former Enron Chief Executive Officer Jeff Skilling for his role in the collapse of the one-time energy giant.