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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.