November 27, 2013
A New York federal judge on Wednesday ordered three former General Electric Co. finance executives to be released from prison one day after the Second Circuit reversed their convictions in an alleged municipal bond bid-rigging scheme involving kickbacks to brokers.
October 18, 2012
Three former executives at General Electric Co. finance companies were sentenced Thursday to prison terms of at least three years for participating in a municipal bond-related bid-rigging conspiracy — shorter prison stints than prosecutors had requested.
October 16, 2012
The U.S. Department of Justice on Monday argued for significant prison sentences and against leniency for three former General Electric Co. finance executives convicted of conspiracy in connection to a municipal bond-related bid-rigging plot, saying the executives' extensive fraud and kickback schemes don't warrant any reduction in penalties.
August 28, 2012
The U.S. Department of Justice on Monday fought three General Electric Co. finance executives' attempts to be acquitted of their conspiracy charges surrounding their roles in a municipal bond-related bid-rigging and kickback scheme, urging the court to reject their multiplicity arguments.
May 11, 2012
A New York federal jury on Friday convicted three former General Electric Co. finance executives of conspiracy for their involvement in a municipal bond-related bid-rigging scheme that involved kickbacks paid to brokers.
April 16, 2012
Federal prosecutors on Monday kicked off a criminal trial against three former General Electric Co. finance executives accused of municipal bond-related bid-rigging, charging that the men "ripped off" cities and towns by conspiring with brokers.
April 09, 2012
UBS AG, intervening in a criminal bid-rigging case against General Electric Co. executives, asked a New York federal judge on Friday to block the government from using certain evidence that it said violates the bank's attorney-client privilege.
December 02, 2011
Defense lawyers on Friday accused the federal government of using questionable tactics in an undercover operation that forms part of a municipal bond-related criminal bid-rigging case against former executives of a General Electric Co. finance unit and broker CDR Financial Products.
October 24, 2011
A New York federal judge refused on Thursday to allow prosecutors to introduce evidence showing a bid-rigging scheme allegedly perpetrated by three former GE Capital executives cost UBS AG $161 million.
September 14, 2011
Three former GE Capital executives accused of rigging bids for municipal finance contracts asked a New York federal judge Tuesday to deny a request by prosecutors that he reconsider the length of the statute of limitations on some charges they face.