White Collar

  • August 18, 2006

    U.S. Brings Fresh Charges Against Lord Black

    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.

  • August 17, 2006

    Boiler Room Scam Lands Broker In Jail

    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.

  • August 17, 2006

    SEC Expands General Re Probe

    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.

  • August 17, 2006

    Lay’s Estate And DOJ Prepare For Battle

    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.

  • August 16, 2006

    Judge Allows Lay-Estate Swap

    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.

  • August 16, 2006

    Former Broker Dealer Handed 9 Year Sentence

    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.

  • August 15, 2006

    Attorney Sentenced To 33 Months For Conspiracy

    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.

  • August 15, 2006

    Ex-Comverse Chief Considered A Fugitive

    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.

  • August 14, 2006

    Attorneys Want Lay’s Slate Wiped Clean

    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.

  • 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.