A former employee of convicted Ponzi schemer Bernard L. Madoff pled guilty in New York on Monday to falsifying trading account and payroll records along with committing other forms of fraud.
The salacious criminal indictment handed down Friday against two-time presidential hopeful John Edwards charts unexplored legal ground that could make the case tricky — but not impossible — for prosecutors to prove, experts say.
A Texas federal judge sentenced the star of an infomercial on making money from real estate to 11 years in prison on Thursday for orchestrating a multimillion-dollar mortgage fraud scheme in the Dallas area.
The former chief financial officer of Acorn Capital Group LLC on Friday tried to rebuff a putative shareholder class action in Connecticut implicating him in the multibillion-dollar Ponzi scheme operated by Thomas J. Petters.
A California federal judge Friday sentenced Angela Aguilar to time served for conspiracy in a corporate bribes-for-contracts scheme that ended in Foreign Corrupt Practices Act convictions against Lindsey Manufacturing Co. and two of its executives.
A Pennsylvania federal judge Friday signed off on a consent order ending the U.S. Securities and Exchange Commission's stock inflation case against National Lampoon Inc. and its convicted former CEO, who dodged civil penalties.
An alleged recipient of illegal tips from former Primary Global Research LLC consultant Winifred Jiau told jurors Friday in New York that he engaged in insider trading while working at hedge funds Sonar Capital Management LLC and SAC Capital Advisors LP.
A former Wachovia Bank Corp. manager who pled guilty in March to stealing $14.1 million from customers — and using it to buy luxuries like a helicopter and two zebras — was sentenced Friday in Virginia to seven years in prison.
A former executive of defunct supermarket supplier Affiliated Foods Southwest Inc. was convicted in Arkansas federal court Thursday on charges that he orchestrated an $11.5 million check kiting scheme and defrauded U.S. Bank NA.
Former Assistant U.S. Attorney Clay C. Wheeler, who was also chief of the Eastern District of North Carolina's economic crimes section, has left the public sector to join Kilpatrick Townsend & Stockton LLP's litigation department, the law firm said Thursday.
Charles Schwab & Co. Inc. struck a $1.95 million settlement in South Carolina on Friday with a class of investors who accused the investment firm of enabling Ponzi schemer Albert Parish to obtain money from their retirement accounts through his investment vehicle Battery Wealth Management Inc.
An Illinois woman pled guilty in New Orleans on Thursday to a $2.5 million bribery and fraud scheme related to the federal E-Rate program, which provides subsidies to school districts and libraries to pay for Internet and communications services.
A Maryland federal judge ruled Thursday that prosecutors could redact parts of unclassified evidence in the upcoming trial of a former National Security Agency official accused of leaking information to the press about agency waste involving a new digital database project.
A Utah federal judge on Thursday dealt prosecutors a blow in their criminal case against an investment guru charged with running a $100 million Ponzi scheme, finding that certain Internal Revenue Service documents and investor mailings are entitled to attorney-client privilege.
The former mayor of Secaucus, N.J., on Thursday again pled not guilty to corruption charges after prosecutors filed a new indictment against him.
No lawyer has ever made better and more frequent use of Rule 403 to exclude evidence or divert my case than Bob Morvillo. Of course, I got him back — by successfully excluding from cross-examination one of my important witnesses who suffered a psychotic break while wandering the desert in his underwear. Grounds for exclusion: Rule 610 (religious beliefs), because the witness had spoken with God, says Carl Loewenson, co-chairman of Morrison and Foerster LLP's securities litigation, enforcement and white collar defense group in the firm's New York office.
John Edwards denied charges of conspiracy and campaign finance law violations Friday after a federal grand jury in North Carolina indicted him for directing $925,000 in campaign money toward film producer Rielle Hunter, who was pregnant with his child.
A Florida court on Wednesday approved a $92 million Foreign Corrupt Practices Act settlement between French telecommunications company Alcatel-Lucent SA and the U.S. government, rejecting objections by a Costa Rican state-owned utility that had sought victim status and restitution.
Prosecutors started cross-examining former Illinois Gov. Rod Blagojevich during his corruption retrial Thursday, squeezing in an hour of questions after the defendant wrapped up his testimony by explaining his strategies for filling President Barack Obama’s U.S. Senate seat.
Federal prosecutors in Pennsylvania on Thursday charged a former executive of Children's Hospital of Philadelphia with embezzling $1.7 million from the hospital by submitting fraudulent invoices for fictitious consulting services to the institution.