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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.