A North Carolina federal judge on Thursday sentenced a former U.S. Army Special Operations Command employee convicted of taking bribes from medical equipment vendors to six years in prison, and ordered him to pay $365,300 in forfeiture.
The U.S. government's attempts to mount a criminal case against WikiLeaks over its dissemination of diplomatic cables and war documents could prove tough if the courts view the controversial whistleblower website as a media organization protected by the First Amendment, attorneys say.
BDO USA LLP, the longtime auditor for Robert Allen Stanford's companies, asked a Texas federal court on Friday to dismiss a securities class action claiming it was complicit in Stanford's alleged $7 billion Ponzi scheme.
Ex-FrontPoint Partners LLC trader Joseph Skowron on Monday pled guilty in New York to ditching stock in Human Genome Sciences Inc. after receiving nonpublic information from a friend, in a move prosecutors claim helped his hedge funds avoid losing $30 million.
Former MediSys Health Network Inc. CEO David Rosen fabricated consulting positions for two New York legislators to conceal bribes for favors in the state government — including help with acquiring a new hospital — a federal prosecutor contended during closing arguments Friday.
A California federal judge issued a tentative order Friday denying an attempt by former valve control maker Control Components Inc. executives to dismiss part of a foreign bribery case against them, ruling a domestic corruption law applies to foreign acts.
The Fifth Circuit on Friday upheld perjury and obstruction of justice convictions against a former Merrill Lynch & Co. Inc. manager involved in a sham sale of power generators that artificially boosted the balance sheet of now-defunct Enron Corp.
Prosecutors on Friday rejected the existence of a classified investigative report requested by a former General Motors Co. employee and her husband accused of stealing $40 million worth of hybrid technology trade secrets.
Massachusetts has set up the first regime in the country aimed at blocking so-called expert networking firms from providing insider tips to investment advisers, but despite its best intentions the rule is likely to have only a limited effect on insider trading, attorneys say.
Prosecutors pulled off “the old razzle dazzle” in convincing a jury last year that former House Majority Leader Tom DeLay's routine transfer of a $190,000 campaign check to his fellow Republican candidates constituted money laundering, DeLay's attorney told a Texas state appeals court Thursday.
The maker of 5 Hour Energy hit Aspen Fitness Products Inc. with a suit Friday alleging it stole trade secrets including product formulas and supplier and vendor contact lists through one of the plaintiff's former employees, who is facing a criminal probe over the alleged theft.
Prosecutors on Thursday asked a New York federal judge to deny a request by the former CEO of Point Blank Solutions Inc. for a new trial on charges he looted the body-armor maker through a $189 million fraud.
An Illinois federal judge on Friday sentenced a businessman who tried to illegally ship missile parts to Iran to 51 months in prison, issuing a term in the middle of sentencing guidelines for a crime he called "extremely serious."
The former owners of two airline service companies pled guilty in Florida on Friday to defrauding charter carrier Ryan International Airlines in two separate kickback cases, the first in the federal government's probe into anti-competitive conduct in the industry.
Federal prosecutors said they were deciding how to continue pursuing a public corruption case after an Alabama jury declined Thursday to convict four state lawmakers, a lobbyist or any of their four co-defendants accused of bribery and vote-buying.
The Sixth Circuit on Friday upheld the conviction of a Michigan mobile services sales director for negotiating a $9.5 million telecommunications and navigation equipment deal with Iraq in violation of an embargo.
An operator of bogus New York-based hedge fund AR Capital Global Fund LP was sentenced Friday to more than five years in prison for duping investors into giving him and his co-conspirators nearly $20 million.
A former Primary Global Research LLC executive asked a New York federal judge Thursday to impound more than 16,000 pages of evidence, saying prosecutors may have violated the rules of trial procedure by seizing so much information in an effort to build their insider trading case against him.
Vodafone New Zealand Ltd. was ordered to pay NZ$400,000 on Friday after it pled guilty to breaching the country's Fair Trading Act through misleading promotions for its Vodafone Live cellphone Internet service.
A Virginia federal judge on Friday sentenced a former Nasdaq executive to 3 1/2 years in prison and ordered him to forfeit $755,000 for trading on secret information that he gleaned from his position as a stock market official.