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Two brothers stole upwards of $855,000 from investors who thought they were investing in penny stock companies, investment funds and blue chip companies, the U.S. Securities and Exchange Commission recently alleged in a New York federal suit.
A New York federal judge sentenced a Nigerian citizen on Wednesday to more than four years in prison for allegedly operating a fraud scheme that swindled millions of dollars from businesses in the U.S. and elsewhere.
Prosecutors do not have to hand over full English-language translations of documents produced in the FIFA corruption case and can demand the return of draft transcripts from undercover recordings, a federal judge in Brooklyn ruled on Wednesday, despite concerns from defendants the government will spring evidence on them ahead of trial.
In an evidentiary hearing Wednesday on a motion to dismiss a libel suit against The New York Times, the paper's editorial page editor told U.S. District Judge Jed S. Rakoff that he did not intend to imply a causal relationship between political violence and Sarah Palin’s rhetoric.
Goldman Sachs Group Inc. investment banker Rebecca Allen accused the firm Wednesday of maintaining a “segregationist culture,” alleging in a New York federal discrimination suit that a white partner took one of her clients because of her race and Jewish heritage.