White Collar

  • January 24, 2011

    Former Madoff Worker Hits Back At Atty Fee Freeze

    A former employee at Bernard Madoff’s defunct investment firm has hit back at a government order to freeze funds she’s paid for legal fees, saying prosecutors are merely trying to punish her for not cooperating with them.

  • January 24, 2011

    DOJ Ends J&J Blood Reagent Price-Fixing Probe

    The U.S. Department of Justice has closed a criminal antitrust investigation into a Johnson & Johnson subsidiary over an alleged conspiracy to fix the prices of blood reagents, although a multidistrict litigation against the company continues.

  • January 24, 2011

    Terra Ex-Controller Gets 2 Years For Bribery Scheme

    The former controller of Terra Telecommunications Corp. has been sentenced to two years in prison for violating the Foreign Corrupt Practices Act in a scheme to bribe officials at Haiti's state-owned national telecommunications company.

  • January 21, 2011

    Ex-NJ Gov't Worker Gets 42 Months For Taking Bribes

    A federal judge has sentenced a former New Jersey Department of Labor and Workforce Development field investigator to 3 1/2 years in prison for accepting thousands of dollars in bribes from temporary labor firms in exchange for special treatment.

  • January 21, 2011

    Morgan Stanley Banker Linked To Galleon Case

    An unnamed Morgan Stanley banker has been linked to the Galleon Group LP insider trading case as the alleged source of a 2006 tip on Advanced Micro Devices Inc.’s purchase of ATI Technologies Inc., according to court documents.

  • January 21, 2011

    Office Assistant Pleads Guilty In $8M Ponzi Scheme

    The administrative assistant and office manager for a Tennessee investment adviser serving eight years for defrauding investors has pled guilty to mail fraud and money laundering charges related to the $8 million Ponzi scheme.

  • January 21, 2011

    Court Refuses To Give Lancer Insider Settlement Docs

    Less than two weeks before trial for his role in an alleged $200 million securities scam, a former Lancer Group manager failed Friday to convince a court to hand over settlement agreements between co-defendants, witnesses and a court-appointed receiver.

  • January 21, 2011

    Kosmos Contractor May Face Bribery Allegations

    Kosmos Energy Ltd., a major player in an offshore oil project near Ghana, has disclosed that one of its contractors in that venture may have violated anti-bribery laws.

  • January 21, 2011

    French Court Convicts Ex-Vivendi CEO For Fraud

    A French criminal court on Friday convicted a former Vivendi SA CEO of misleading investors and its ex-vice chairman of insider trading in connection with the French media conglomerate's dire financial situation, which nearly pushed it into bankruptcy.

  • January 21, 2011

    British Waste Exec Gets 2 Years For Insider Trading

    A British judge sentenced a former senior manager at waste industry company PM Onboard Ltd. on Friday to 27 months in prison and ordered him to forfeit £197,000 ($315,000) for an insider trading and money laundering scheme.

  • January 21, 2011

    Chitron Boss Should Get 10 Years, Prosecutors Say

    The president of Chitron Electronics Inc. deserves up to 10 years in prison for putting U.S. military technology in Chinese hands, prosecutors say.

  • January 21, 2011

    Mass. Lawyer Gets 12 Years For $10.6M Mortgage Fraud

    A federal judge has ordered a suspended Massachusetts attorney to serve 12 years in prison for leading a mortgage fraud ring that bilked lenders of more than $10 million.

  • January 20, 2011

    DOJ Fights Bankrupt Lender's Bid To Trash Loan Docs

    The U.S. Department of Justice has asked a bankruptcy court to reject Mortgage Lenders Network Liquidating Trust's request to destroy certain loan and financial documents, saying the records may prove useful in ongoing federal criminal investigations into mortgage fraud.

  • January 20, 2011

    SEC Sues West End Investment Firms For Fraud

    The U.S. Securities and Exchange Commission on Thursday accused three affiliated New York-based investment firms and four former senior officers with fraud, misuse of client assets and other violations involving their $66 million advisory business.

  • January 20, 2011

    UK Considers Overhaul Of White Collar Enforcement

    The British government is reportedly considering merging the U.K. Serious Fraud Office with other federal agencies to overhaul the government's system for responding to corporate fraud.

  • January 20, 2011

    Tax Preparer Gets 6 Years For $17M Fraud

    A federal judge on Thursday sentenced the founder of tax preparation service Tax Prep Inc. to six years in prison for helping customers obtain more than $17 million in refunds using phony deductions and other fraud.

  • January 20, 2011

    Ex-NASA Worker Pleads Guilty In Illegal Export Case

    A former NASA employee accused of illegally shipping military technology, including components for night vision scopes, to South Korea pled guilty Thursday to tax evasion and an export violation.

  • January 20, 2011

    Hospital VP Gets 9 Years In Cleveland Corruption Case

    A federal judge has sentenced a former executive of a taxpayer-funded indigent hospital in Cleveland to nine years in prison for accepting bribes and obstructing justice, part of a long-standing corruption probe in Cuyahoga County, Ohio.

  • January 20, 2011

    Atty Accused Of Bribery Should Be Extradited: UK Court

    A British lawyer charged with steering $132 million in bribes from a former Halliburton Co. subsidiary to the Nigerian government to win $6 billion in natural gas contracts should be extradited to the United States, a London appeals court ruled Thursday.

  • January 20, 2011

    Feds Accuse Life Insurance Bond Co. Of $670M Fraud

    Federal authorities have hit a Costa Rica-based company that provides guarantee bonds on life insurance settlements with civil and criminal actions accusing it of running a $670 million fraud scheme.