The founder of a private equity firm pleaded guilty Thursday to allegations that he won $250 million in investments from a New York pension fund after giving state officials nearly $1 million in illegal gifts.
With a sentencing hearing looming, a federal judge has unsealed the indictment against Iranian arms procurement agent Amir Hossein Ardebili, who pled guilty in 2008 to a host of charges including multiple violations of the Arms Export Control Act and the International Emergency Economic Powers Act.
A jury has convicted fallen business magnate Thomas J. Petters of carrying out a $3.6 billion Ponzi scheme, and the founder of Petters Group Worldwide LLC now faces the possibility of spending the rest of his life behind bars.
South Florida lawyer Scott W. Rothstein has pled not guilty to federal charges that he operated a $1.2 billion Ponzi scheme out of his firm Rothstein Rosenfeldt & Adler PA.
Washington's transit authority has pled guilty to an allegation that it negligently discharged acidic water into the area's sewer sanitary system during a railcar washing operation in violation of the Clean Water Act.
The former top executive of GlobeTel Communications Corp. pled not guilty Wednesday to 16 criminal charges for allegedly inflating the company's revenues to attract investors and sell company stock.
A Belgian man long suspected of international arms dealing has pled guilty to conspiring to export F-5 fighter jet engines and parts from the U.S. to Iran, a crime that carries a maximum penalty of five years in prison and a $250,000 fine.
A federal judge has denied a Shenzhen Chitron Electronics Co. Ltd. motion to compel government documents regarding accusations that it conspired to illegally export radar components and other military items to China, finding that the information they sought was not “material” to their defense.
A sentencing hearing in New York was delayed Monday for a former Canadian attorney who pled guilty to charges related to a $10 million insider trading scheme involving a Dorsey & Whitney LLP mergers and acquisitions partner, after he was detained at the Canadian border.
A federal court on Monday sentenced a former securities lawyer and name partner of Arkansas firm Cauley Bowman Carney & Williams LLC to more than seven years in prison for stealing $9.3 million in proceeds from a class action settlement.
A jury has convicted the ex-chairman of McKesson Corp. on several counts of securities fraud handed down in the wake of a $9 billion accounting scandal at the health care firm but has let the firm's former general counsel off the hook.
A foreign currency trader who swindled investors across the country to fund his lifestyle and buy gifts for girlfriends has been sentenced to more than 24 years in prison and ordered to pay $18 million in restitution.
A New York state Supreme Court judge has dismissed criminal indictments against two former Marsh Inc. executives and a former Zurich American Insurance Co. executive accused of participating in a massive bid-rigging and price-fixing scheme.
A federal judge granted prosecutors' request Thursday to dismiss 72 immigration charges against Sholom Rubashkin, the former CEO of Agriprocessors Inc., the kosher slaughterhouse in Iowa that was raided by federal immigration authorities last year.
Norwegian oil and gas company Statoil ASA has agreed to pay $21 million to the U.S. government to settle charges stemming from a 2002 contract with Horton Investments Ltd. that was allegedly a cover to send bribes to Iran.
A Virginia man has pled guilty to conspiring to bribe Panamanian government officials to secure a no-bid contract to maintain buoys and lighthouses along the Central American nation's waterways.
A federal judge has refused to grant a new trial to an alleged doctor impersonator who was convicted of mail fraud and violating the Federal Food, Drug and Cosmetic Act for selling fake cancer-treating drugs.
Shenzhen Chitron Electronics Co. Ltd., a Chinese corporation accused of conspiring to illegally export radar components and other military items to China, has lost its bid to have its case dismissed.
For the fourth time, a federal appeals court has vacated the sentence of the former assistant controller of HealthSouth Corp., this time saying the sentence of probation was unreasonably lenient in light of his role in the fraud.
Federal prosecutors on Monday filed criminal charges against a Kuwaiti company that allegedly committed fraud and inflated prices on contracts worth over $8.5 billion to provide food for U.S. military personnel stationed in Iraq, Kuwait and Jordan.