White Collar

  • November 19, 2009

    Bid-Rigging Case Against Ex-Marsh Execs Dropped

    A New York state Supreme Court judge has dismissed criminal indictments against two former Marsh Inc. executives and a former Zurich American Insurance Co. executive accused of participating in a massive bid-rigging and price-fixing scheme.

  • November 19, 2009

    Agriprocessors Exec Won't Face Immigration Charges

    A federal judge granted prosecutors' request Thursday to dismiss 72 immigration charges against Sholom Rubashkin, the former CEO of Agriprocessors Inc., the kosher slaughterhouse in Iowa that was raided by federal immigration authorities last year.

  • November 19, 2009

    Statoil Settles With US For $21M In Iran Bribery Case

    Norwegian oil and gas company Statoil ASA has agreed to pay $21 million to the U.S. government to settle charges stemming from a 2002 contract with Horton Investments Ltd. that was allegedly a cover to send bribes to Iran.

  • November 18, 2009

    Man Cops To Bribing Panamanians Over Buoy Contracts

    A Virginia man has pled guilty to conspiring to bribe Panamanian government officials to secure a no-bid contract to maintain buoys and lighthouses along the Central American nation's waterways.

  • November 17, 2009

    Seller Of Fake Cancer Drugs Loses Bid For New Trial

    A federal judge has refused to grant a new trial to an alleged doctor impersonator who was convicted of mail fraud and violating the Federal Food, Drug and Cosmetic Act for selling fake cancer-treating drugs.

  • November 17, 2009

    Chitron Loses Bid To Toss Illegal China Exports Case

    Shenzhen Chitron Electronics Co. Ltd., a Chinese corporation accused of conspiring to illegally export radar components and other military items to China, has lost its bid to have its case dismissed.

  • November 17, 2009

    11th Circ. Rejects HealthSouth Exec Sentence Again

    For the fourth time, a federal appeals court has vacated the sentence of the former assistant controller of HealthSouth Corp., this time saying the sentence of probation was unreasonably lenient in light of his role in the fraud.

  • November 16, 2009

    Kuwaiti Supply Co. Jacked Up Army Food Costs: US

    Federal prosecutors on Monday filed criminal charges against a Kuwaiti company that allegedly committed fraud and inflated prices on contracts worth over $8.5 billion to provide food for U.S. military personnel stationed in Iraq, Kuwait and Jordan.

  • November 16, 2009

    10th Circ. Upholds 9-Year Ponzi Scheme Sentence

    A Colorado woman who pled guilty in 2006 to helping run a $50 million Ponzi scheme cooked up by her husband has lost an appeal of her nine-year sentence.

  • November 13, 2009

    Total UK Pleads Guilty In Massive 2005 Blast Case

    The British unit of French oil giant Total SA pled guilty Friday to two criminal charges stemming from a massive 2005 explosion at a fuel depot that was the biggest peacetime explosion in the history of Europe.

  • November 13, 2009

    FBI Arrests Madoff's Computer Programmers

    Two computer programmers employed by Bernard L. Madoff have been arrested by federal agents for their alleged role in helping to cover up their boss' epic Ponzi scheme.

  • November 12, 2009

    Prosecutors Must Shift Tactics After Bear Loss: Experts

    The Bear Stearns Cos. Inc. hedge fund case was the first criminal prosecution filed over the financial system's near total collapse in 2008, and was seen as a bellwether for future prosecutions. After losing in their first outing, the U.S. government will take a long look at its strategy moving forward, former prosecutors say.

  • November 12, 2009

    Former SAC Analyst Targeted In Galleon Probe

    A former SAC Capital Advisors analyst is reportedly being investigated as part of a sweeping federal probe into insider trading that has already ensnared hedge fund manager Raj Rajaratnam, founder of Galleon Group, and several others.

  • November 12, 2009

    Boston Provident CFO Charged With Fraud

    Ezra C. Levy, former chief financial officer of New York-based hedge fund Boston Provident LP, has been arrested and charged with financial fraud for allegedly having the firm secretly buy his own securities at inflated prices.

  • November 10, 2009

    Former Bear Stearns Execs Acquitted In Fraud Case

    A federal jury has found two former Bear Stearns Cos. Inc. hedge fund managers not guilty of defrauding investors in the failed funds, setting a daunting example for prosecutors in one of the earliest criminal cases stemming from the subprime mortgage meltdown.

  • November 10, 2009

    Dooney & Bourke Founder Gets 1 Yr. For Oil Conspiracy

    A judge has sentenced the co-founder of bag maker Dooney & Bourke to a year and a day in prison after a jury convicted him of conspiring to violate the Foreign Corrupt Practices Act and making false statements over a plan to profit from the privatization of Azerbaijan's state oil company.

  • November 9, 2009

    Ex-SEC Lawyer Confesses To Taking Dreier Money

    A former U.S. Securities and Exchange Commission lawyer on Monday admitted that, in exchange for $100,000, he pretended to be a Canadian pension plan officer in a fictitious transaction plotted by now-jailed attorney Marc S. Dreier.

  • November 6, 2009

    Jefferies Fund Manager Charged With Insider Trading

    Former Jefferies Paragon Fund portfolio manager Joseph Contorinis is facing conspiracy and securities fraud charges stemming from $7 million in profits he allegedly made for the hedge fund by trading on insider information about the 2006 sale of supermarket chain Albertson’s Corp.

  • November 6, 2009

    Aircraft Part Co. Head Gets Jail Time For Iran Exports

    The head of a Singapore company that deals in aircraft parts has been sentenced to 46 months in prison and fined $500,000 for violating the U.S. trade embargo by exporting aircraft components to Iran.

  • November 5, 2009

    Ex-GM Exec Pleads Guilty In $6.5M Kickback Scheme

    A fugitive former General Motors Corp. commodity manager has returned to the United States after evading custody for more than a year, pleading guilty Thursday in a kickback and fraud scheme involving the sale of bulk aluminum.