White Collar

  • August 11, 2006

    Judge Bumps Lord Black's Bail By $1M

    After weeks of bickering between prosecutors and former media mogul Conrad Black’s defense team, a U.S. federal judge Thursday raised Black's bond by $1 million in cash to $21 million.

  • August 11, 2006

    Ex-Coke Secretary Wants Separate Trial

    A former secretary for Coca-Cola Co. who was charged with stealing trade secrets and trying to sell them to rival PepsiCo Inc. along with two other defendants has requested she be tried separately.

  • August 11, 2006

    Postal Worker Pleads Guilty To Insider-Trading Scheme

    A New Jersey mail carrier admitted on Friday that after learning of improper accounting at Bristol-Myers Squibb Co. while serving on a grand jury investigation last year, he spilled the beans to two former Goldman Sachs Group Inc. employees.

  • August 7, 2006

    Scrushy, Siegelman Say Verdict Should Be Tossed

    Former HealthSouth CEO Richard Scrushy and former Alabama Governor Don Siegelman think their government-corruption convictions will have a negative effect on the ability of candidates to raise money for campaigns, prompting lawyers for the two men to move to have the guilty verdicts tossed out.

  • August 7, 2006

    Martha Stewart Settles Civil Charges With SEC

    Martha Stewart settled with the U.S. Securities and Exchange Commission for $195,000 on Monday, thus ending one of the most talked-about legal proceedings in recent memory.

  • August 4, 2006

    Molex Execs To Repay Misbegotten Stock Options

    For the first time since the options backdating scandal broke, executives in one technology company have taken the unusual step of paying back what they gained from the controversial practice.

  • August 3, 2006

    Duo Charged With Backdating Wants Case Dismissed

    The first two former executives to face criminal charges in the stock option backdating scandal appeared in court for the first time Wednesday, but their attorneys are hoping such court visits will soon be unnecessary.

  • August 1, 2006

    Van der Moolen Trader Acquitted Of Front-Running

    A federal jury on Tuesday found Robert A. Scavone, Jr., a former trader at Van der Moolen Specialists USA LLC, not guilty of trading ahead of investor orders for his own profit, a process known as front-running.

  • July 28, 2006

    WorldCom's Ebbers Loses Bid To Scrap Conviction

    Former WorldCom Inc. chief executive officer Bernard J. Ebbers lost his bid Friday to have his conviction overturned, one year after being sentenced to 25 years in jail for his role in the securities fraud that brought down the company.

  • July 28, 2006

    Judge Goes Easy On Bankers In $20M Fraud

    Two former bankers who divulged in federal court the inner workings of a complex, $20 million fraud have been given lenient sentences for their cooperation and won the praise of U.S. Attorneys working on the case.

  • July 27, 2006

    Ex-Qwest CFO May Get Easier Rap For Helping Feds

    Federal prosecutors have recommended that the former financial chief of Qwest Communications International Inc. be awarded a lighter sentence for aiding the government in its investigation into the telecommunications giant’s massive accounting fraud scandal.

  • July 26, 2006

    Langone Appeal Denied In Spitzer Suit

    Kenneth Langone’s attorneys have tried their best to poke holes in New York Attorney General Eliot Spitzer’s case against the Home Depot founder, but to no avail. A judge has refused to remove Langone from a lawsuit filed over former New York Stock Exchange Chairman Richard Grasso’s $187 million pay package.

  • July 26, 2006

    Skilling Request To Toss Convictions Denied

    A federal judge has shot down a bid by Jeffrey K. Skilling to overturn his fraud and conspiracy convictions, giving the green light to federal prosecutors to forge ahead in their case against the former chief executive of Enron Corp.

  • July 20, 2006

    SEC Files First Complaint In Stock Options Scandals

    With the promise of more charges to come, federal authorities filed the first criminal and civil complaints in the growing stock options backdating scandal.

  • July 17, 2006

    Backdating Charges Imminent, SEC Says

    U.S. Securities and Exchange Commission Chairman Christopher Cox announced Monday that the first civil charges would be filed “very soon” in the options backdating scandal that has ballooned to involve dozens and perhaps hundreds of companies.

  • July 17, 2006

    Ex-Van Der Moolen Specialists Convicted Of Fraud

    A jury has convicted two former traders at Van der Moolen Specialists on one count of securities fraud each for their role in a trading scandal at the New York Stock Exchange.

  • July 12, 2006

    Judge Pries Deeper Into Lord Black’s Puzzling Finances

    A judge has demanded more information from Conrad Black’s attorney to pin down whether the media mogul may have misled the court about his convoluted assets while making bail in his fraud and racketeering case.

  • July 12, 2006

    NYSE Fines Van Der Moolen $3.5M For Misconduct

    The New York Stock Exchange Regulation has stuck Dutch stock trading company Van der Moolen Specialists with a $3.5 million fine for alleged misconduct in its stock loan department.

  • July 12, 2006

    Prosecutors Fight Skilling's Bid For Acquittal

    Less than a week after the death of Enron Corp.’s convicted founder Kenneth L. Lay, federal prosecutors are forging ahead in their case against Jeffrey K. Skilling, arguing that there is ample evidence to prove the fallen former chief executive’s guilt.

  • July 11, 2006

    Lawmakers Debate NatWest Three Extradition

    Just one day before the extradition of three bankers implicated in the Enron fraud, the U.K.’s House of Commons will hold an emergency meeting Wednesday to debate the treaty that has landed the bankers in hot water.