Citibank NA on Tuesday in New York denounced a $430 million lawsuit against it from the trustee liquidating Bernard L. Madoff’s firm, saying it had no reason to suspect Madoff was running a massive Ponzi scheme.
A California state judge nixed a motion Tuesday to have the city of Bell pay its former city manager's legal costs related to civil and criminal allegations that he funneled millions of taxpayer dollars to pay himself and others exorbitant salaries.
Prosecutors in the New York federal trial of ex-MediSys Health Network CEO David P. Rosen on Tuesday played tapes of former legislator Anthony Seminerio trying to coax a state health official into facilitating a MediSys merger while he was allegedly taking bribes from Rosen.
Former Ill. Gov. Rod Blagojevich's attorneys told a federal judge Monday that their client needed another retrial following his convictions on corruption charges last month, alleging the most recent trial was riddled with errors and stacked in the government's favor.
Federal prosecutors urged a court Monday to send longtime Florida bankruptcy trustee Marika Tolz to prison for more than 15 years for misappropriating more than $16 million from cases she oversaw and losing — or possibly pocketing — at least $2.4 million.
The Fifth Circuit on Monday affirmed a judgment against the former CEO of now-bankrupt First Fidelity Acceptance Corp., who was sentenced to 10 years in prison and $15.2 million in restitution for allegedly bilking investors in an automobile loan scheme.
The Chapter 11 trustee overseeing Rothstein Rosenfeldt Adler PA's liquidation hit TD Bank NA with an adversary suit in Florida bankruptcy court Monday, accusing it of helping Scott Rothstein carry out his $1.2 billion Ponzi scheme at the law firm.
Japan's antitrust watchdog raided four companies that make industrial bearings Tuesday amid suspicions that the manufacturers may have violated the country's anti-monopoly law.
A former congressional staffer ensnared in the Jack Abramoff fraud scandal urged a Washington federal judge on Monday to spare him a jail sentence for accepting a World Series ticket from a lobbyist.
A New York jury on Tuesday convicted the founder of Sky Capital LLC and a former Sky broker of four fraud-related counts for their role in what prosecutors say was a $140 million scheme to swindle investors.
Racketeering claims against UniCredit SpA — part of the Bernard L. Madoff fraud recovery trustee's $59 billion suit against financier Sonja Kohn — are barred by U.S. Supreme Court precedent in Morrison, the Milan-based bank argued Monday in New York.
Federal lawmakers conceded Tuesday that they needed to tighten up proposed anti-corruption legislation that would ban secret self-dealing by public officials after the U.S. Supreme Court struck down part of the existing law last year.
The U.S. Government Accountability Office recommended Monday that Congress consider adding whistleblower protections to its Antitrust Criminal Penalties Enforcement and Reform Act, which provides leniency to guilty parties who report criminal cartels and cooperate with civil claimants.
A federal judge in North Carolina sentenced a former Wachovia Securities LLC financial adviser on Friday to more than six years in prison and ordered him to repay parent company Wells Fargo Bank NA $8.4 million he stole from customers.
Former Credit Suisse Group AG broker on Monday won the transfer of a wire fraud case from Manhattan to Brooklyn, where he will face the same judge who sentenced him to prison for allegedly swindling $1.1 billion from investors in a separate case in 2009.
A federal jury on Monday reportedly found a former Louisiana lawmaker guilty of one count of racketeering in connection with political operative Mose Jefferson's alleged misuse of more than $1 million in federal and state grant money.
A Texas federal judge on Friday sentenced the fugitive founder of Golden Gate Real Estate Investment Trust to more than 17 years in prison for using $2 million of fraudulently raised investor money for himself.
An Alabama state senator accused of taking bribes in connection with pro-gambling legislation succeeded Friday in excluding the potentially damaging trial testimony of former Gov. Bob Riley’s chief of staff.
The American Bar Association on Friday told the U.S. Supreme Court that defendants should have the right to effective counsel, siding with two men who were convicted and received greater sentences than were initially offered in plea agreements.
The White House on Monday unveiled a far-reaching strategy to target increasingly complex international crime rings, some of which are allegedly behind major recent cases of securities fraud, health care fraud, intellectual property theft, computer hacking and foreign corruption.