A Capital Growth Financial LLC broker who sold more than $20 million in high-risk securities to Nebraskans without disclosing the risk pled guilty Tuesday to fraud claims.
An attorney for a California real estate tycoon charged with siphoning $21 million from unwitting clients' tax deferral accounts turned the tables on prosecutors during closing arguments Wednesday, accusing them of shirking their duty to seek the truth.
Liberty Insurance Underwriters Inc. sued Reback & Potash LLP in New York on Monday to rescind four professional liability policies, claiming the firm lied about its involvement in an alleged $1.4 million criminal mortgage fraud scheme.
Former Enron Corp. Chief Financial Officer Andrew Fastow, considered by many to be an architect of the energy company's massive fraud, was transferred to a Houston halfway house Monday in preparation for his release.
The former top executive of Prince George's County, Md., admitted Tuesday to taking bribes from real estate developers in exchange for funneling them federal grant money.
Two Belgian nationals have been charged with conspiring to smuggle millions of dollars worth of aircraft supplies into Iran, according to an indictment unsealed Tuesday.
An Alabama federal judge on Tuesday stayed key depositions in the U.S. Securities and Exchange Commission’s fraud suit against two former J.P. Morgan Securities Inc. directors in deference to the Department of Justice’s antitrust probe of the municipal bond market.
As a federal prosecutor, I successfully trained a nervous witness to speak clearly into a microphone during his testimony, but he didn't learn to pull his mouth away when not speaking. The ensuing heavy breathing was very funny, and the laughter helped me bond with the jury, says Stephen Mansfield, a partner in Akin Gump Strauss Hauer & Feld LLP's San Francisco and Los Angeles offices and co-leader of the firm’s white collar defense and corporate investigations practice.
A New York state court judge handed an ex-Cozen O'Connor PC partner and former head of the state's Liberal Party a nonprison sentence Wednesday for his role in corrupt schemes at the state pension fund under former Comptroller Alan Hevesi.
A federal judge in Hawaii paved the way Tuesday for an Illinois court to merge a pair of nearly identical prosecutions against Afghan-American brothers accused of bribing a U.S. military official for construction contracts at Bagram Airfield.
Taylor Bean & Whitaker Mortgage Corp.'s former chairman, found guilty of operating a $2.9 billion bank and securities fraud, sued his insurer in Virginia on Tuesday for allegedly refusing to cover $2 million he spent in defense costs.
An FBI agent was arrested Tuesday on charges he allegedly lied about the criminal history of a New York mortgage fraud investigation source with whom he was having a sexual relationship and about helping her lawyer in her identity theft trial.
Prosecutors added a third criminal charge against a Massey Energy Co. affiliate's security chief, unsealing a superseding indictment Tuesday alleging that the official twice lied to investigators and destroyed documents relating to the deadly Upper Big Branch mine explosion in West Virginia.
The trustee overseeing the liquidation of imprisoned attorney Marc S. Dreier's former firm on Tuesday asked a New York bankruptcy court to approve an $11.5 million deal to end an adversary case against the financial firm Perella Weinberg Partners LP.
A government witness in the corruption retrial of Rod Blagojevich told jurors Tuesday that he took money from jailed fundraiser Tony Rezko while working for the then-Illinois governor and that the men discussed moneymaking schemes.
A commodity trading adviser asked a Kentucky federal court Tuesday to drop him from an insider trading case against Steel Technologies Inc. executives, saying he merely bought stock on a rumor and that regulators were overreaching in their crackdown.
The receiver tasked with recovering money for victims of Robert Allen Stanford's alleged $7 billion Ponzi scheme fired back Monday at ex-Stanford Group Co. CEO Danny Bogar's bid to toss a Texas federal lawsuit demanding he return $3 million.
The U.S. Securities and Exchange Commission asked a New York federal court Tuesday for summary judgment in a case against Gryphon Holdings Inc. and two of its executives who admitted to bilking clients out of $17.5 million in a parallel criminal case.
A former project manager from Foodpro International Inc. pled guilty Monday in California to withholding documents related to a scheme to bilk a federal investment agency of $8 million.
My first trial — an extortion case that involved undercover tapes in Chinese and numerous translators and experts — taught me lifelong lessons about how much discipline and effort it takes to successfully try a jury case, says Lazar Raynal, a partner in McDermott Will & Emery LLP's Chicago office and head of the firm's trial practice.