“Spider-Man” movie star Tobey Maguire has been sued in California bankruptcy court over $311,000 he allegedly won in illegal poker games from a hedge fund manager who used money from a $44 million Ponzi scheme to cover gambling losses.
The U.S.' top intellectual property enforcers touted recent successes in combating global IP crime at a Senate hearing Wednesday, and urged Congress to pass legislation that would aid in the fight, including the ability to use wiretaps and impose harsher penalties on violators.
A West Virginia federal judge on Tuesday sentenced two former employees of mining companies Alpha Natural Resources Inc. and United Coal Co. for falsifying mine safety inspection records, while one defendant's attorney chided the government for prosecuting "peons" instead of executives.
A Rothstein Rosenfeldt Adler PA information technology specialist on Wednesday became the fourth associate of Scott Rothstein to plead guilty in connection with a $1.4 billion Ponzi scheme orchestrated at the now-defunct law firm.
A federal judge in New Jersey on Tuesday rejected a bid for payment by an environmental remediation company that once employed contractor Norman Stoerr, who was sentenced in May for taking kickbacks for work at Superfund sites in the Garden State.
A New York bankruptcy court approved a $55 million settlement Tuesday between the trustee overseeing the liquidation of Dreier LLP and a hedge fund that allegedly lost $100 million to a loan fraud scheme perpetrated by the firm's imprisoned founder.
A former Massey Energy Co. security chief asked a federal judge in West Virginia on Tuesday to toss charges that he lied to investigators after the April 2010 explosion that killed 29 miners at the Upper Big Branch Mine.
A U.S. Army sergeant and an associate were charged in West Virginia federal court earlier in June over a scheme to push $25 million in government contracts at a military base in Kuwait to two suppliers in exchange for bribes, according to an indictment unsealed Tuesday.
A Norwegian financial crime watchdog announced Wednesday that it had brought charges against two subsidiaries of offshore drilling giant Transocean Ltd. over suspected tax fraud related to an asset sale, with the companies reportedly facing back taxes based on a sum of $1.8 billion.
An admitted bid-rigger who defrauded the federal E-Rate program was sentenced in Louisiana on Tuesday to one year and one day in prison, making him the 17th person put away for fleecing the program that helps poor schools get Internet access.
Sometimes the lawyers with the biggest reputations turn out to be mediocre, and the lawyers who are unassuming and less well known turn out to be terrific. That’s why I always try to remind myself that I'm not as good as I think I am when I win, and not as bad as I think I am when I lose, says Marc Mukasey, a partner in the New York office of Bracewell & Giuliani LLP.
A Texas federal judge on Tuesday delayed Robert Allen Stanford's criminal trial by up to four months while the alleged mastermind of a $7 billion Ponzi scheme undergoes psychiatric treatment, days after another judge postponed a related civil case.
A Minnesota man was freed on $25,000 bail after admitting on Tuesday that he conspired with Crown Forex SA principal Trevor Cook to foster a $190 million Ponzi scheme.
The president of an Iowa concrete company was sentenced Tuesday to 45 days' prison for his role in a scheme to fix the price of ready-mix concrete.
Prosecutors and defense lawyers offered competing portraits of Sky Capital LLC's former CEO during opening statements Tuesday in a New York trial over an alleged $140 million investment fraud: a lying, cheating schemer versus an ambitious broker with a dream.
In nearly three-fourths of all corporate fraud cases, perpetrators are able to exploit weaknesses in internal control programs in order to commit their crimes, according to a new study by audit and tax firm KPMG LLP.
My client was incarcerated in 23-hour lock-up. He did not speak English. My Spanish was poor. There was worldwide press covering the case. The Mexican government was pressuring the United States and sending senior public officials to watch the hearings. Worst of all, I believed he was wrongfully accused, says Cathy Fleming, a partner in Hodgson Russ LLP's New York office.
A North Carolina federal judge on Tuesday reportedly pushed back the criminal case against former Sen. John Edwards, saying prosecutors should figure out which of their 300,000 documents should be handed over to defense attorneys before a trial date is set.
Former Taylor Bean & Whitaker Mortgage Corp. CEO Paul R. Allen was sentenced Tuesday in Virginia to more than three years in prison for allegedly helping to orchestrate a $3 billion bank and securities fraud at the mortgage company.
A former Terra Telecommunications Corp. president lost his bid Monday to bar a government expert witness from his upcoming Florida trial over charges that he took part in a scheme to bribe officials at Haiti's state-owned telecommunications company.