A man who allegedly helped online poker companies process billions of dollars in illegal payments pled not guilty to charges against him in New York on Monday and was allowed to remain free on a $200,000 bond.
A contractor sought to beat charges Friday in New York that he paid kickbacks to New York Presbyterian Hospital administrators, arguing his actions no longer constituted a federal offense since the U.S. Supreme Court limited the honest services fraud statute.
The receiver for accused Ponzi schemer Robert Allen Stanford's estate asked a Texas federal court Monday to force a hedge fund linked to Vice President Joe Biden's family to hand over $3 million held in two Stanford companies' accounts.
Prosecutors played a final wiretap recording on Monday as the insider trading trial of Raj Rajaratnam in New York came to an end, trying to rebut defense allegations about the Galleon Group LLC founder's stock activity.
A Massachusetts attorney convicted of leading a $10 million mortgage fraud ring asked on Saturday for that judgment to be set aside, saying one of his defense attorneys was romantically involved with a member of the prosecution during the trial.
Securities regulators on Monday hit a Richmond, Va., man with a civil suit in Tennessee federal court claiming he hawked stock and debt for his holding company AIC Inc., promising fat returns, but was operating a $7.7 million Ponzi scheme.
New Jersey-based defense contractor Staff Gasket Manufacturing Corp. and its president pled guilty Monday to procurement fraud for outsourcing part of their manufacturing to China.
The U.S. Department of Justice on Friday asked the U.S. Supreme Court to rule on whether using a GPS tracking device on a suspect’s car without a warrant violates the Fourth Amendment protection against unlawful searches.
An Italian court on Monday cleared Citigroup Inc., Morgan Stanley, Deutsche Bank AG and Bank of America Corp. of charges that they helped dairy giant Parmalat Finanziaria SpA hide debt from investors in a massive criminal fraud that caused the company’s demise.
The founder of technology services company Advanced Solutions for Tomorrow Inc. agreed Monday to plead guilty in Rhode Island federal court to bribery in a $9.2 million kickback scheme over U.S. Navy contracts.
A money manager who was already ordered to disgorge $3.8 million lost a bid Monday to unfreeze his assets in a U.S. Securities and Exchange Commission suit over an alleged securities fraud scheme in Minnesota that spawned parallel criminal proceedings.
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The former owner of Fred Leighton Holdings Inc. pled guilty Friday in New York to defrauding a bankruptcy court and creditor Merrill Lynch by selling or misusing at least $20 million in merchandise that belonged to the company's Chapter 11 estate.
Former MLB star Lenny Dykstra was arrested Thursday in California and charged with bankruptcy fraud for allegedly stealing and destroying items from his $18.5 million Ventura County mansion.
An economics professor testified for Raj Rajaratnam in New York on Friday, saying his research related to Rajaratnam's alleged insider trading only focused on certain pieces of information that would have been publicly available to the Galleon Group LLC founder.
Federal prosecutors in New York on Friday charged the founders of the three largest poker websites and eight others with bank fraud and money laundering in a scheme to get around U.S. laws banning online gambling.
The U.S. Commodity Futures Trading Commission on Friday won a $12.5 million default judgment against a New York hedge fund manager who allegedly bilked investors out of $2.7 million and stole another $435,000 from his condominium association.
Federal prosecutors asked a Georgia federal judge on Thursday to compel the arraignment of a Kuwaiti company accused of overcharging the U.S. military by $70 million for food brought to American troops, despite the company's recent appeal in the case.
A California federal judge on Thursday rejected Lindsey Manufacturing Co.’s bid to block evidence seized during searches, as the trial continued over the electricity systems maker's alleged scheme to bribe its way into contracts with a Mexican state-owned utility.
A grand jury on Thursday added counts of ripping off the tax man to an indictment charging a former Klevan & Abramowitz PC personal injury lawyer in Philadelphia with negotiating settlements without telling clients or the firm and pocketing $1 million.