A Texas attorney pled guilty to obstruction of justice on Tuesday in the District of Columbia for his part in a scheme to artificially inflate stock sales of Aztec Oil & Gas Inc. and mislead the company's investors.
Defense attorneys representing former executives of valve maker Control Components Inc. have launched what some say is the most comprehensive challenge yet to how the U.S. government enforces the law that bans bribery of foreign officials overseas.
Royal Philips Electronics NV has notified the U.S. government of potential violations of the Foreign Corrupt Practices Act relating to medical equipment sales in Poland.
The office manager of a Los Angeles medical equipment company has pled guilty to conspiring with her former church pastor to scam Medicare out of more than $6 million by falsely billing for high-end power wheelchairs.
Citibank NA owes about $430 million from its dealings with imprisoned fraudster Bernard L. Madoff, about whose Ponzi scheme the megabank knew or should have known for years, according to the liquidator of Madoff's investment company.
Cincinnati businessman Richard T. Brunsman Jr. admitted Tuesday to defrauding Bank of America NA, JPMorgan Chase Bank NA and other institutions of $52.6 million using false loan application documents.
Greenwich Insurance Co. accused Bacino & Associates LLC last week of concealing criminal fraud charges in its insurance application, seeking to avoid covering the shuttered law firm in a California negligence action related to $8.5 million in real estate loans.
A Kobre & Kim LLP lawyer representing a defendant in the Galleon Group LLC insider trading probe must stop seeking a job as a federal prosecutor or his entire firm may be booted from the case, a federal judge said Tuesday.
A former assistant to a Walt Disney Co. executive received a sentence of home confinement, probation and community service Tuesday for her role in passing along insider information to a boyfriend who tried to sell it to hedge funds.
A former Bristol-Myers Squibb Co. employee who has spent more than a year in jail was sentenced last week to time served for stealing trade secrets in an effort to set up a competing business in his native India.
Former Illinois Gov. Rod Blagojevich has asked a judge to bar all federal wiretap recordings from being used as evidence in his retrial on corruption charges, arguing the government prevented relevant conversations from being heard in their full context.
A federal jury on Friday found former judge Mark Ciavarella Jr. guilty of racketeering in a case alleging he and another ex-judge engaged in a $2.8 million bribery, kickback and extortion scheme.
The Eleventh Circuit has affirmed the judgment that put Helvetia Pharmaceuticals Inc. founder Nicholas Bachynsky behind bars for 14 years for his role in fraudulently raising $3.2 million from investors to develop an experimental cancer treatment.
A California judge has reduced bail for a former Los Angeles suburb official who has been incarcerated since his Sept. 21 arrest for his role in an alleged $5.5 million misappropriation scheme prosecutors say wasted public funds and misled taxpayers.
Dinsmore & Shohl LLP has nabbed a former assistant U.S. attorney to enhance the white collar practice at the firm's Cincinnati headquarters.
A federal judge on Friday sentenced a rabbi to four years in prison for blackmailing SAC Capital Advisors for $4 million by claiming to be a spiritual adviser to an inmate with details about insider trading by the hedge fund’s founder.
A Brazilian court on Friday sentenced two former Sadia SA executives to more than a year on probation each, marking the country's first criminal convictions for insider trading.
The former head of the federal whistleblower protection office has asked a federal court for permission to withdraw his guilty plea to criminal contempt of Congress, following a ruling that he would have to serve at least one month behind bars.
Thai Airways International Public Co. Ltd. has agreed to pay $3.5 million to settle a multidistrict litigation accusing the carrier of participating in a widespread price-fixing plot in the air cargo industry.
The former CEO of the National Center for the Employment of the Disabled has been sentenced to 10 years in prison and ordered to pay about $70 million for bribing elected officials to secure federal contracts and embezzling government funds.