A grand jury has added new charges to the stack of allegations against embattled media mogul Conrad Black and three co-defendants, claiming their fraudulent scheme led Hollinger International Inc. to file inaccurate income tax returns.
The U.S. Securities and Exchange Commission announced Thursday that a Florida broker-dealer has been sentenced to 57 months in prison and ordered to pay $2.6 million in criminal restitution for his role in a “boiler room” operation.
Regulators are taking a closer look at transactions between the reinsurance arm of Berkshire Hathaway Inc. and two other reinsurance providers, as part of an ongoing probe into allegations of improper reinsurance accounting.
The estate of Ken Lay asked a judge Wednesday to clear the late Enron founder’s name, but government prosecutors said they would not give up the fight for $43.5 million in allegedly ill-gotten gains.
Attorneys for Enron Corp. founder Ken Lay are one step closer to clearing his name, after a judge permitted the legal team to substitute Lay’s estate for the recently deceased CEO in ongoing criminal proceedings.
Six months after being convicted of securities fraud and commercial bribery, the former owner of defunct broker-dealer Lloyd Wade Securities Inc. was sentenced to nine years in prison on Tuesday for participating in a scheme that ultimately drained investors in an online gaming company of more than $12 million.
The Department of Justice has sentenced an attorney to nearly three years in prison for his role in a kickback scheme involving a fast food chain.
Facing criminal charges stemming from an investigation into options backdating, former Comverse Technology CEO Jacob “Kobi” Alexander has fled the country, and is now considered a fugitive by the U.S. government.
Attorneys for Ken Lay have asked a Texas judge to dismiss the former Enron chief’s conviction in an effort to erase the recently deceased CEO’s criminal record.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.