White Collar

  • December 15, 2008

    Siemens To Pay $1.6B To Settle Bribery Charges

    German electronics giant Siemens AG has pled guilty to corruption charges for bribing public officials around the world, including Iraqis involved in the United Nations' Oil-for-Food Program, and has agreed to pay approximately $1.6 billion to settle criminal and civil matters with the U.S. Department of Justice, the U.S. Securities and Exchange Commission and the German Prosecutor General, the agencies reported Monday.

  • December 12, 2008

    NY Foundry Pleads Guilty To Felony CWA Violation

    The Frazer & Jones Co., a maker of iron castings, has been ordered to pay $250,000 after pleading guilty to a felony charge of violating the Clean Air Act at the company's Solvay, N.Y., foundry.

  • December 12, 2008

    Fla. Finance Exec Charged With Mortgage Scam

    A financial executive of a Florida mortgage securitizer has been accused of a multimillion-dollar scam to jack up the value of home loans and pocket inflated commissions, according to federal prosecutors.

  • December 12, 2008

    Ex-Peregrine CEO Sentenced To Prison

    A federal judge has sentenced the former chief executive of Peregrine Systems Inc. to eight years and a month behind bars for his alleged role in the accounting scandal that plunged the Silicon Valley software company into bankruptcy.

  • December 11, 2008

    Judge Bats Down Dreier Founder's $10M Bail

    A judge has reportedly denied Dreier LLP founder Marc Dreier's request to be released from custody on $10 million bond.

  • December 11, 2008

    9th Exec Pleads Guilty In Marine Hose Cartel Case

    A Japanese executive of a rubber products maker has been jailed for two years after admitting he engaged in a conspiracy to bribe government officials, rig bids and allocate market share of marine hose across the globe, marking the ninth executive to plead guilty in the case, according to U.S. authorities.

  • December 10, 2008

    DOJ Nets Guilty Plea In Tomato Price-Fixing Probe

    Amid a probe into possible collusion in the processed-tomato industry, the owner of a New Jersey food wholesaler has agreed to plead guilty to antitrust charges, according to the U.S. Department of Justice.

  • December 10, 2008

    SC Man Gets 10 Years For $12M Investment Scheme

    A South Carolina man charged with soliciting $12 million for a phony investment company has been slapped with a 10-year federal prison sentence, according to the U.S. Attorney for the District of South Carolina.

  • December 10, 2008

    Dreier May Have Stolen $38M In Client Funds: SEC

    Even as he sat in a Canadian jail last week on criminal impersonation charges, Dreier LLP founder Marc S. Dreier attempted to transfer millions of dollars in bankruptcy client funds from his firm's escrow accounts to his personal account, federal regulators said in court filings. Dreier is also facing a Wachovia Bank suit over an alleged $9 million in loan defaults.

  • December 11, 2008

    DOJ May Still Charge 8 Sharp, LG Execs In LCD Probe

    The U.S. Department of Justice has excluded eight executives from deals for immunity from further prosecution granted to Sharp Corp. and LG Display Co. Ltd. as part of their agreements to plead guilty and pay a combined $520 million to settle price-fixing charges over liquid crystal display screens.

  • December 10, 2008

    2nd Circ. Upholds 3.5-Year Term For Ex-Impath Exec

    An appeals court has upheld a 3.5-year prison sentence for a former Impath Inc. executive convicted of securities fraud in 2006 despite arguments from federal prosecutors that the prison term was too short.

  • December 8, 2008

    Ala. Mayor, Others Charged With Bond Fraud, Bribery

    The U.S. Department of Justice has filed an indictment against the mayor of Birmingham, Ala., and two of his close friends, slapping the trio with 101 counts of fraud, bribery, conspiracy, money laundering and other charges stemming from millions of dollars in municipal bond deals.

  • December 8, 2008

    Dreier's Founder Accused Of Pinching Hedge Funds

    A prominent New York lawyer was criminally charged in Manhattan federal court and slapped by regulators with civil fraud claims as he returned to the city from Toronto, where he'd been arrested for impersonating the legal adviser to a pension fund.

  • December 5, 2008

    Dreier Founder's Arrest Throws Firm Future Into Doubt

    Igniting rumors of gross financial misdeeds, the increasingly bizarre details emerging from the arrest in Toronto of Dreier LLP founder and managing partner Marc S. Dreier have put the survival of the 250-lawyer firm into question.

  • December 5, 2008

    Calif. Venture Capitalist Charged With $100M Fraud

    Federal authorities have accused a Silicon Valley venture capitalist of engaging in securities fraud to obtain tens of millions of dollars in loans to support a lavish lifestyle, pay off gambling debts and fund a $25 million stake in a professional hockey team.

  • December 4, 2008

    Court Denies UK Agency's Appeal In Price-Fixing Spat

    Several pharmaceutical companies have prevailed in a long-running battle against a U.K. government agency after an appeals court rejected the office's bid to amend an indictment accusing the firms and their executives of price-fixing.

  • December 4, 2008

    Saigon Grill Owners Arrested For Pay Fraud

    The owners of New York City pan-Asian restaurant Saigon Grill have been arrested on more than 400 counts of alleged employee fraud, including minimum wage violations, giving workers illegal kickbacks and falsifying business records.

  • December 2, 2008

    Dunlop To Pay $4.54M For Role In Marine Hose Cartel

    British marine hose manufacturer Dunlop Oil & Marine Ltd. is set to shell out $4.54 million in criminal fines after pleading guilty to participating in a conspiracy to rig bids, fix prices and allocate market shares of marine hose sold in the United States and elsewhere.

  • December 1, 2008

    Maritime Co. Unit, Officers Found Guilty Over Oil Dump

    A federal jury in Texas has convicted a General Maritime Corp. subsidiary and two vessel officers for their roles in an alleged scheme to discharge waste oil directly into the sea from the tanker M/T Genmar Defiance during a November 2007 voyage to Corpus Christi, Texas.

  • November 21, 2008

    DOJ Charges 6 With $40M Class Action Fraud

    The U.S. Department of Justice is taking action against six people who allegedly organized an elaborate fraud scheme, including the formation of fake companies, to obtain more than $40 million in settlement funds from major class action lawsuits.