White Collar

  • April 6, 2006

    Skilling Testimony Pushed To Next Week

    When attorney Daniel Petrocelli spontaneously broke into The Mamas and the Papas' song “Monday, Monday” in the halls of Houston’s district court, onlookers took it as a sign that the highly anticipated testimony of former Enron executive Jeff Skilling would not begin until next week.

  • April 4, 2006

    Ex-Newspaper Executive Surrenders To Authorities

    Louis Sito, a former Newsday executive and vice president at the Tribune Company, turned himself in to federal officials on Monday amid a fraud scandal that has ensnared Newsday and its sister Spanish-language paper Hoy, according to a Newsday report.

  • April 3, 2006

    Enron Defense Kicks Off, Calling First Four Witnesses

    In a spectacular kickoff, the Enron defense launched its counterattack on federal prosecutors this week by calling its first four witnesses—all former Enron employees—as the trial continues to approach its boiling point, with former Enron executives Jeff Skilling and Ken Lay expected to take the stand within the next few weeks.

  • March 30, 2006

    As Prosecution Rests, Fireworks Expected In Enron Trial

    While the trial of former Enron executives Jeff Skilling and Ken Lay has not held many surprises thus far, some of the most explosive moments may still be yet to come, as the defense prepares to begin its arguments next week.

  • March 29, 2006

    Rigas Assets Transferred To Adelphia Under SEC Deal

    A federal court has transferred all but two of the cable properties owned by the disgraced Rigas family to Adelphia Cablevision LLC as part of a settlement deal with the Securities and Exchange Commission and the Department of Justice.

  • March 28, 2006

    Judge Dismisses Four Charges In Enron Case

    Former Enron Corp. Chief Executive Officer Jeffrey Skilling can breathe a brief sigh of relief after a federal judge dismissed three counts against him Tuesday.

  • March 23, 2006

    Former Financier Frankel To Spend 17 Years In Prison

    After drawn-out attempts to reduce a stiff jail sentence, a former financier convicted of stealing $200 million from insurance companies is once again facing nearly two decades in a federal prison.

  • March 22, 2006

    Enron's Ex-Treasurer Points Finger At Lay, Skilling

    Desperate to keep Enron Corp.'s investment credit rating high, the energy giant’s top executives hatched a plan to restrict write offs and embrace increased trading risks, Enron’s former treasurer testified on Wednesday.

  • March 21, 2006

    Quattrone Ruling Deals Blow To Corporate Crime Fighters

    In the wake of the government’s stinging defeat in Frank Quattrone’s appeal, prosecutors may have to refine the way they attack corporate misconduct, experts say.

  • March 17, 2006

    Air Cargo Surcharges: Global Scheme or Coincidence?

    Last month’s dawn raid has put the $60 billion air cargo industry on notice, with experts suggesting the defendants could face fines of hundreds of millions of dollars. But proving a global conspiracy to fix prices won’t be an easy task for U.S., European and Korean antitrust authorities.

  • March 14, 2006

    Solvay, Akzo Nobel Fined $72M For Chemical Cartels

    Two European chemical companies are slated to collectively shell out more than $72 million in criminal fines after pleading guilty to allegations that the companies participated in international price-fixing cartels in the hydrogen peroxide and sodium perborates industries, according to the Department of Justice.

  • March 13, 2006

    Enron Lawyer Grills Fastow About Validity Of Memo

    An attorney for Jeffrey Skilling, the former CEO of Enron Corp., continued his court room offensive against a key prosecution witness, questioning the legitimacy of a memo detailing improper side deals approved by Skilling designed to conceal company losses.

  • March 9, 2006

    Hedge Fund Manager Jailed, Fined For Fraud Scheme

    A former Connecticut hedge fund manager has been slapped with a $50,000 fine and sentenced to 30 months in prison after misleading investors about the value of his fund and misusing more than $2 million in client assets, ending a long-running federal investigation.

  • March 8, 2006

    Ex-Enron CFO Sticks To Story Under Cross-Examination

    Enron Corp. chief executive Kenneth Lay lied over and over again about the company’s financial health, despite full knowledge of the energy giant’s impending doom, Enron’s former chief financial officer testified Monday.

  • March 6, 2006

    Former Enron Exec Admits He Lied To Feds

    The evidence continues to mount in the corruption trial of Enron founder Ken Lay and former chief executive Jeffery Skilling, as an ex-broadband unit executive told a jury on Monday that he lied to government regulators three years ago concerning the division’s financial outlook.

  • February 28, 2006

    Creditors Aware Of Fraud, Parmalat CEO Testifies

    Alleging breach of fiduciary duty, Parmalat SpA’s new chief executive testified that the dairy giant’s former financial partners were aware of the company’s financial state well before the massive financial scandal broke.

  • February 28, 2006

    GMM Hedge Fund Manager Pleads Guilty

    The hedge fund manager of Global Money Management pled guilty in federal court on Monday to conspiring to pilfer investors out of up to $60 million.

  • February 27, 2006

    Millions Unaccounted For In Growing Hedge Fund Scandal

    The unraveling of a major hedge fund continues as federal and state officials say they have only been able to locate about $150,000 of the supposed $150 million invested with the money-manager caught up in fraud allegations. Authorities have issued an arrest warrant for the fund’s chief executive in order to aid them in their search for the firm’s unaccounted assets.

  • February 24, 2006

    Scam Artist Receives 13 Years In Prison

    An Atlanta man convicted of bilking over 12,000 investors out of $400 million last year was given 13 years in jail for his role in a massive payphone scheme.

  • February 24, 2006

    Prosecutors Mull Milberg Weiss Indictment

    An indictment against Milberg Weiss could have dire consequences for the firm, but prosecutors may not have enough ammunition to go after the legendary plaintiffs firm, experts agree.