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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.