White Collar

  • August 24, 2009

    Madoff Doesn't Have Cancer: Feds

    The U.S. Bureau of Prisons denied rumors on Monday that Bernard L. Madoff is terminally ill, after a news report revealed that the convicted Ponzi schemer is suffering from cancer.

  • August 21, 2009

    Ex-UBS Banker Gets 3 Years For Tax Evasion Scheme

    A federal judge has ordered more than three years in prison for a former UBS AG banker who admitted helping a billionaire client avoid U.S. taxes by hiding $200 million from the Internal Revenue Service in secret offshore accounts.

  • August 21, 2009

    UK Launches Crackdown On Carbon Credit Tax Fraud

    British officials are investigating a rise in tax fraud related to the trade of carbon emissions allowances, following a crackdown on a scheme that allegedly cheated the government of £38 million ($63 million) in tax revenue from the sale of the credits.

  • August 20, 2009

    Ga. Atty Gets 10 Years, $16M Fine For Ponzi Scheme

    Georgia attorney Robert P. Copeland was sentenced Thursday to more than 10 years behind bars and ordered to pay more than 16 million after pleading guilty to cheating investors in a $40 million Ponzi scheme.

  • August 19, 2009

    Feds Take Aim At SK Foods Ex-VP In Tomato Probe

    A former vice president at vegetable grower and processor SK Foods LP has agreed to plead guilty to a federal charge of conspiracy for his role in an alleged kickback scheme involving sales of processed tomato products.

  • August 19, 2009

    Ex-Chungwa Exec Indicted In CRT Conspiracy

    A Taiwanese former top executive at Chungwa Picture Tubes has been indicted on charges of conspiracy to fix prices, reduce output and allocate market shares of color display tubes, a type of cathode ray tube used in computer monitors, the U.S. Department of Justice said Wednesday.

  • August 18, 2009

    4th Circ. Denies Venture Capital Fraudster New Trial

    A federal appeals court has reaffirmed a jury's verdict against Mayflower Capital fund manager Brent Earl Wood, who was convicted of conspiring to swindle investors out of $15 million but saw a district judge vacate the verdict, acquit him and conditionally grant a new trial if the acquittal was overturned.

  • August 18, 2009

    DOJ Won't Fight Latest Nacchio Sentencing Decision

    The U.S. Department of Justice has reportedly decided not to challenge a federal appeals court ruling that will likely shorten the prison term for former Qwest Communications International Inc. CEO Joseph Nacchio.

  • August 17, 2009

    Ex-Lawyers Get 20, 25 Years In Fen-Phen Fraud Case

    Two disbarred Kentucky lawyers have reportedly received 20- and 25-year prison sentences, respectively, for allegedly defrauding clients out of tens of millions of dollars of the 2001 fen-phen class action settlement.

  • August 17, 2009

    Jury Finds Ex-Credit Suisse Broker Guilty

    A federal jury in New York found former Credit Suisse Group AG broker Eric Butler guilty of conspiracy and securities fraud related to the sale of auction rate securities in a verdict handed down Monday, according to the U.S. Attorney's Office for the Eastern District of New York.

  • August 13, 2009

    Plea Spares Madoff CFO Drug, Gun, Tax Charges

    The former chief financial officer at Bernard L. Madoff Investment Securities LLC avoided charges of deceiving federal investigators, possessing unregistered firearms and illegal drug use when he admitted to a raft of criminal charges centering on his role in the multibillion-dollar investment rip-off.

  • August 13, 2009

    Exxon Pleads Guilty In 5 States' Bird Death Suits

    Exxon Mobil Corp. has pled guilty to violating U.S. provisions of wildlife treaties in the deaths of 85 protected birds across five central and Western states over the past five years.

  • August 12, 2009

    US Fails To Quash Broadcom Execs' Subpoenas

    The federal judge overseeing the criminal case against Broadcom Corp.'s Henry Nicholas and William Ruehle has denied the U.S. government's request for an order barring the two executives from serving third-party subpoenas in a parallel shareholder derivative case.

  • August 11, 2009

    Kraft Mgr. Gets 27 Months, $2M Fine For Tomato Scam

    A former Kraft Foods Inc. senior purchasing manager was sentenced Tuesday to 27 months in prison and $1.858 million in fines for his role in an alleged bribery scheme involving California tomato processor SK Foods Ltd.

  • August 11, 2009

    Madoff CFO Pleads Guilty To 10 Fraud Counts

    The former chief financial officer at Bernard L. Madoff Investment Securities LLC has pled guilty to his involvement in Madoff's massive $65 billion Ponzi scheme, the third individual to face criminal charges in the case.

  • August 10, 2009

    Ex-Westar Execs Must Face 3rd Trial: 10th Circ.

    An appellate court has denied two former Westar Energy Inc. executives' bid to dismiss the federal government's case alleging that they tried to loot the Kansas public utility on double jeopardy grounds, affirming a decision by a district court last year.

  • August 4, 2009

    Victorinox 'Swiss' Goods Seized Over False Origin

    Following the filing of a criminal complaint by a well-known Swiss businessman, Swiss authorities have reportedly seized products from Swiss Army knife manufacturer Victorinox AG for using the Swiss cross, one of the country’s most recognizable national symbols, on goods manufactured in Taiwan and China in violation of Swiss trademark laws.

  • August 5, 2009

    Broadway Producer Gets 7 Years For Investor Scam

    One-time Broadway producer Garth H. Drabinsky has reportedly been sentenced to seven years in prison for defrauding $470 million from shareholders in his production company, Livent.

  • August 5, 2009

    4 Ex-Contractors Convicted In Big Dig Fraud Case

    Four former managers of a concrete company that delivered thousands of truckloads of substandard concrete to Boston's Big Dig project have been convicted on fraud and other federal charges.

  • August 4, 2009

    Stanford Lawyer's Withdrawal Bid Held Up For Now

    The lawyer defending Robert Allen Stanford against criminal charges on Tuesday saw his bid to withdraw from representing the accused fraudster held up until new counsel for Stanford, which court papers indicate will be Patton Boggs LLP, files a substitution motion.