White Collar

  • March 31, 2010

    2 Arrests Made In $1.7M Insider Trading Ring

    Special agents with the Federal Bureau of Investigation have arrested two of five defendants charged in an insider trading scheme in which the participants allegedly used confidential information obtained from two investor relations firms to generate more than $1.7 million in illegal profits.

  • March 31, 2010

    Ex-Exec Indicted In Cathode Tube Price-Fixing Scheme

    A grand jury has indicted a former executive of a Taiwan-based company for allegedly participating in a global conspiracy to fix the prices of color display tubes, a type of cathode ray tube used in computer monitors.

  • March 30, 2010

    Ex-Arnold & Porter Partner Gets Probation In Tax Case

    A judge has sentenced a former Arnold & Porter LLP partner to three years’ probation for his role in an allegedly fraudulent tax shelter scheme that resulted in prison sentences for four former partners of Ernst & Young LLP.

  • March 30, 2010

    Stanford Asks To Switch Lawyers

    Accused Ponzi schemer Robert Allen Stanford has asked the court to let him change lawyers, a switch his current counsel attributes to money issues and a personality clash.

  • March 30, 2010

    Hong Kong Man Extradited To US For Exporting Arms

    Three men have been charged with attempting to illegally export 10 pieces of equipment used in military flight simulators without the proper export licenses, crimes that could carry up to a 10-year prison sentence and a $1 million fine.

  • March 29, 2010

    Ohio Investment Adviser Charged With Futures Scheme

    The U.S. Department of Justice charged the founder of Money Market Alternative LP on Monday with orchestrating a multimillion-dollar futures trading investment scheme that lost investors over $17 million.

  • March 29, 2010

    Ex-IBM Exec Cops To Conspiracy Charge In Galleon Suit

    Former senior IBM Corp. executive Robert Moffat has pled guilty to conspiracy and securities fraud allegations arising from his role in the multimillion-dollar insider trading ring helmed by Galleon Corp. founder Raj Rajaratnam.

  • March 29, 2010

    Rio Tinto Workers Get Jail Time For Accepting Bribes

    An Australian employee of mining giant Rio Tinto was reportedly sentenced Monday to 10 years in jail for receiving bribes and obtaining commercial secrets, while three of his Chinese colleagues have been sentenced to between seven and 14 years on similar charges.

  • March 29, 2010

    Ex-Brocade CEO Again Convicted In Backdating Case

    A jury has again convicted the former CEO of Brocade Communications Systems Inc. of engineering a massive backdating scheme at the data storage company, a decision that comes about six months after a federal appeals court reversed his conviction.

  • March 26, 2010

    Extradited UK Ex-CEO Put On House Arrest In DC

    Alleged price-fixer Ian Norris, former CEO of industrial materials maker Morgan Crucible Co. PLC, reportedly has been released to house arrest in Washington, D.C., after his extradition from Britain earlier this week.

  • March 26, 2010

    Chinese Oil Co. Says Ex-Worker Took Daimler Bribes

    China Petroleum & Chemical Corp. has reportedly come forward to acknowledge that Daimler AG paid bribes to one of its former employees, the latest development in U.S. Securities and Exchange Commission and Department of Justice investigations accusing the German automaker of paying millions of dollars in bribes to officials in at least 22 foreign countries to secure government contracts.

  • March 25, 2010

    Feds Nab UBS Banker In Alleged Insider Trading Plot

    An investment banker at UBS Securities LLC has been accused of giving people tips on upcoming mergers as part of an insider trading ring that allegedly netted about $1 million in illicit profits by trading ahead of mergers involving pharmaceutical companies.

  • March 24, 2010

    Rajaratnam Wins Stay On DOJ Wiretap Evidence

    A federal appeals court ruled Wednesday that Galleon Group founder Raj Rajaratnam and a co-defendant can hold off on turning over wiretap evidence to securities regulators while their appeal is pending.

  • March 24, 2010

    UK Agency Makes 7th Arrest In Insider Trading Probe

    British authorities on Wednesday arrested a seventh person in a sprawling insider trading investigation, just a day after six individuals from major investment houses including Deutsche Bank were arrested in the historic case.

  • March 23, 2010

    DOJ Hits Daimler With Bribery Charges Under FCPA

    As it reportedly homes in on a settlement with the U.S. Securities and Exchange Commission, Daimler AG is facing new federal felony charges brought by the U.S. Department of Justice accusing the German automaker and several subsidiaries of paying out tens of millions of dollars in bribes to officials in at least 22 foreign countries to secure lucrative government contracts.

  • March 22, 2010

    Rio Tinto Workers Admit To Chinese Bribery Charges

    An Australian and two Chinese employees of mining giant Rio Tinto Ltd. reportedly pled guilty Monday to accepting around $1 million in bribes each at the first day of their trial in a Shanghai court.

  • March 18, 2010

    Democratic Fundraiser Cops To $292M Bank Loan Fraud

    A former top fundraiser for Hillary Clinton and President Barack Obama has pled guilty to charges that he defrauded three large banks of more than $290 million in loan proceeds.

  • March 18, 2010

    Ex-DuPont Worker Gets 18 Mos. In Trade Secret Case

    A federal judge on Thursday sentenced a former DuPont Co. employee to 18 months behind bars after he pled guilty to stealing trade secrets about the company's Kevlar products and feeding the information to DuPont rival Kolon Industries.

  • March 18, 2010

    Philly Exporter Cops To $250M In Vietnamese Bribes

    A Philadelphia-based export company, its president and two of his relatives have pled guilty to paying more than $250 million to Vietnamese officials in exchange for government contracts to supply a wide range of equipment and technology.

  • March 17, 2010

    Madoff Computer Programmers Charged In Ponzi Case

    Two former computer programmers at Bernard L. Madoff's fraudulent brokerage firm were indicted Wednesday on charges that they created and maintained software that generated fake records as part of the firm's Ponzi scheme.