White Collar

  • July 13, 2007

    DOJ Wins Additional Witnesses In W.R. Grace Suit

    An appeals court ruled Thursday that a district court had erred in restricting the number of nonexpert witnesses the federal government can call in its prosecution of bankrupt chemical manufacturer W.R. Grace and Co., accused of improperly disposing of asbestos from a Montana mine.

  • July 12, 2007

    Mirant Energy Pays $11M In DOJ Deal

    The energy trading arm of Mirant Corp. will fork over $11 million to stave off criminal charges stemming from a probe into false natural gas price reports by former traders.

  • July 11, 2007

    National Century VIPs Indicted For Investment Fraud

    An Ohio grand jury has indicted eight former executives of collapsed health care finance company National Century Financial Enterprises for allegedly fleecing investors out of billions of dollars.

  • July 10, 2007

    Police Nab Head Of Bankrupt Hedge Fund

    Former investment manager Michael Berger was caught Friday, five years after the U.S. Securities and Exchange Commission convicted him of securities fraud and seven years after his hedge fund went bust.

  • July 10, 2007

    Ex-Foreman Admits To Bribery At Siemens

    Siemens AG's troubles increased Tuesday when a former foreman at the international engineering company acknowledged in a German court that he had facilitated and paid out bribes in connection with contracts for a Frankfurt skyscraper.

  • July 11, 2007

    Exec Pleads Guilty In Military Bid-Rigging Case

    A former executive with a company that supplied products used by the U.S. Department of Defense has agreed to a jail sentence and a fine in order to quell allegations that he participated in two bid-rigging conspiracies and accepted a kickback from a subcontractor.

  • July 9, 2007

    Bershad Pleads Guilty In Milberg Kickback Scandal

    An ex-managing partner of plaintiffs law firm Milberg, Weiss, Bershad & Schulman LLP on Monday pled guilty for his role in a scheme to pay millions of dollars in kickbacks to lead plaintiffs, agreeing to forfeit over $7 million and pay a fine.

  • July 2, 2007

    Government Unlocks Alleged CyberKey Fraud

    A grand jury has indicted the head of tech company CyberKey Solutions Inc. for allegedly orchestrating a securities fraud scheme and then lying about it to the U.S. government.

  • July 2, 2007

    Judge Tells Westar To Cough Up Legal Fees

    A judge has ordered Westar Energy Inc. to provide an advance for legal fees to a former company executive named as a defendant in a shareholder lawsuit.

  • June 29, 2007

    Jailed Scrushy Wants Out Pending Appeal

    Former HealthSouth Corp. CEO Richard Scrushy, who was sentenced Thursday to six years and ten months' jail for bribing one-time Alabama governor Don Siegelman, has asked to be released pending an appeal.

  • June 28, 2007

    Attorney Slid Workers $3M To Settle Claims: Suit

    A plaintiffs attorney and two former employees of the Hartford Insurance Co. have been indicted by a grand jury in connection with a scheme where the attorney allegedly gave the workers more than $3 million in kickbacks to settle silicosis claims.

  • June 27, 2007

    Countrywide Execs To Plead Guilty To Insider Trading

    Three former Countrywide Financial Corp. executives have agreed to plead guilty to criminal charges that they traded on confidential financial information in 2004, earning tens of thousands of dollars in ill-gotten profits, the U.S. Attorney’s office said Tuesday.

  • June 27, 2007

    Jury Finds Citgo Guilty Of Emitting Cancer Chemical

    A jury found Citgo Petroleum Corp. and its subsidiary guilty Wednesday of two felony criminal counts of violating the Clean Air Act at its Corpus Christi refinery, while exonerating the company of allegations that it violated limits for the amount of benzene in open water streams.

  • June 22, 2007

    Ex-Safety-Kleen CFO Admits To Inflating Earnings

    A former chief financial officer of Safety-Kleen Corp. has admitted to taking part in a fraudulent scheme to artificially inflate the waste disposal services company’s earnings by about $267 million.

  • June 22, 2007

    Immigrant Workers Get Jail Time For False ID

    The last four ex-employees of a Texas meat processing plant have been sentenced to jail for using false identification to get their job and stay in the United States, in a case that has netted 53 undocumented workers at the company.

  • June 21, 2007

    Texas Judge Slams Tanker Co. For Pollution, Lying

    A district court on Wednesday ordered Overseas Shipholding Group Inc. to shell out $10 million as part of its record-setting $37 million criminal settlement with the U.S. Department of Justice over allegations of pollution and fraud.

  • June 18, 2007

    Ex-Thaxton Broker Pleads Guilty To Fraud

    A former Thaxton Group broker has pled guilty to securities fraud, admitting that he played a role in the massive fraud that helped torpedo the high-risk lender into bankruptcy.

  • June 15, 2007

    BMS Avoids Charge As Prosecution Deal Expires

    The U.S. Attorney's Office in New Jersey has dropped a securities fraud charge against Bristol-Myers Squibb Co., saying the drug maker has turned itself around in the past two years.

  • June 11, 2007

    KPMG Defendants Reaffirm Dismissal Motions

    Several former executives of KPMG International on Friday filed memorandums reemphasizing their motions to dismiss the criminal fraud charges against them stemming from their alleged roles in a tax shelter scandal at the massive accounting firm.

  • June 8, 2007

    Tanker Co. Indicted For Illegal Waste Oil Dumping

    A Greek company that manages a fleet of commercial tanker vessels was indicted Thursday for illegally dumping waste oil into international waters and then lying about it to the U.S. government.