White Collar

  • April 8, 2009

    Nacchio Makes Last-Ditch Plea To Skirt Prison

    After a district court shot down his request to remain free as he appeals his insider trading conviction, former Qwest Communications International Inc. chief Joseph Nacchio made an emergency plea to an appellate court to stay out of prison.

  • April 8, 2009

    Former CSK Execs Face Charges Over False Reports

    Two former executives of auto parts retailer CSK Auto Corp. have been indicted for allegedly conspiring to manipulate the company's earnings reports, the U.S. Department of Justice announced Wednesday.

  • April 8, 2009

    Latin Node Ordered To Pay $2M For FCPA Charge

    Florida-based telecommunications provider Latin Node Inc. has been ordered to pay a $2 million fine after pleading guilty to paying millions of dollars in bribes to company and government officials in Honduras and Yemen.

  • April 8, 2009

    Contractor Pleads Guilty In NYPH Bid-Rigging Scandal

    A former owner of an asbestos monitoring contractor that provided services to New York Presbyterian Hospital has pled guilty to making false statements to government officials in their ongoing investigation of a bid-rigging scandal that lasted for half a decade.

  • April 7, 2009

    Spanish Shipper Fined $2.5M For Illegal Dumping

    A Spanish company has pled guilty in U.S. federal court to dumping oil-contaminated bilge water on the high seas, and agreed to pay a $2.5 million fine.

  • April 7, 2009

    Jury Orders Fen-Phen Attorneys To Disgorge $30M

    Days after being found guilty of pocketing millions of dollars intended for plaintiffs in a class action settlement over the Wyeth Pharmaceuticals Inc. diet drug fen-phen, disgraced attorneys Shirley Cunningham Jr. and William Gallion have been ordered by a federal jury to fork over $30 million they bilked from clients.

  • April 6, 2009

    Gen Re Unit Ex-CEO Banned From UK Bank Industry

    The former CEO of a General Reinsurance Corp. unit has been banned for life from serving in the U.K. financial services industry after being accused of aiding companies in their effort to hide losses through the use of reinsurance products.

  • April 6, 2009

    3rd Circ. Overturns Amkor Fraud Acquittal

    Saying the U.S. government's evidence was adequate to support the verdict, a federal appellate court has reinstated the conviction of the former general counsel of semiconductor packaging company Amkor Technology Inc. on three charges related to insider trading.

  • April 6, 2009

    Correction: BMS Exec Pleads Guilty Over Plavix Deal

    The former vice president of Bristol-Myers Squibb Co. pled guilty to charges of lying to government regulators about a furtive and anti-competitive patent deal for the blockbuster blood-thinning drug Plavix.

  • April 6, 2009

    Drug Co. Manager Pleads Guilty To Bextra Charges

    Two months after Pfizer Inc. agreed to pay $2.3 million to settle allegations that it improperly marketed the now-defunct anti-inflammatory drug Bextra, a regional manager responsible for sales of the former blockbuster has agreed to plead guilty to distribution of a misbranded drug.

  • April 3, 2009

    2 Ex-Workers Get Prison In Home Depot Kickback Plot

    A federal judge has sentenced two former employees of The Home Depot Inc. to prison time and ordered them to return almost $3 million to the company after the workers pled guilty to wire and tax fraud in connection with a plot to accept kickbacks from foreign companies looking to become suppliers to the home improvement giant.

  • April 2, 2009

    Ex-Gen Re CFO Gets 18 Months Over $600M AIG Fraud

    The former chief financial officer of General Reinsurance Corp. has been sentenced to 18 months in prison for her alleged participation in a reinsurance fraud scheme that cost American International Group Inc. shareholders about $600 million.

  • April 1, 2009

    Investment Adviser Ran $55M Ponzi Scheme: SEC

    A Long Island, N.Y.-based investment adviser is facing both civil and criminal charges after the U.S. Securities and Exchange Commission accused him of running a $55 million Ponzi scheme, and federal prosecutors charged him with wire fraud and said he defrauded a client out of more than $6.5 million.

  • April 1, 2009

    Former Hitachi Exec Marks 8th Charged In LCD Probe

    A federal grand jury has indicted a former executive at Hitachi Displays Ltd. on charges of conspiring to fix prices on thin film transistor liquid crystal display panels sold to Dell Inc., less than a month after Hitachi agreed to plead guilty and pay a $31 million fine over the price-fixing scheme.

  • March 30, 2009

    FSA's 1st Insider Trading Jail Term Goes To TTP Exec

    A London court has sentenced a former general counsel of TTP Communications to eight months in prison after a jury convicted him of making a profit from passing on insider information about Motorola Inc.’s plans to acquire TTP, marking the first jail term that the U.K.’s Financial Services Authority has secured in an insider trading case.

  • March 27, 2009

    UK Jury Convicts 2 In Debut Criminal Trading Case

    The former general counsel of TTP Communications and his father-in-law have been convicted of turning a profit from stock purchases based on insider information that Motorola Inc. was planning to take over TTP, in the first criminal insider trading trial to be brought by the U.K.’s financial services watchdog.

  • March 27, 2009

    Execs Get Decades For National Century Fraud

    A federal judge has sentenced two former executives of collapsed health care financing company National Century Financial Enterprises, including one who is currently a fugitive, to decades in prison for their role in a $2.8 billion fraud scheme.

  • March 26, 2009

    BofA, Others Duped By Dealer In $88M Art Scam: DA

    Bank of America NA was among more than two dozen victims of a former New York art gallery owner who was arrested and charged by prosecutors Thursday over an $88 million art swindle.

  • March 25, 2009

    Ex-Morgan Stanley Exec Convicted In Kickback Scam

    A former Morgan Stanley & Co. Inc. executive has been convicted for his role in an alleged scheme to steer securities lending transactions to small brokerage firms in exchange for kickbacks to family members.

  • March 24, 2009

    Broker Hit With Charges Over $40M Ponzi Scam

    The federal government has charged a Folsom, Calif., man with conspiracy, fraud and securities law violations for allegedly leading a $40 million Ponzi scheme involving 150 investors just a week after the U.S. Securities and Exchange Commission slapped the defendant and his partner with a civil suit over the same allegations.