Jury in NYC convicts former Wall Street broker in nearly $1B subprime mortgage fraud

Ex-Wall St. broker convicted in $1B subprime fraud

NEW YORK — A former Wall Street broker has been convicted of conspiracy and securities fraud after investors lost nearly $1 billion in a subprime mortgage fraud.

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2 attorneys get decades in prison, ordered to pay $127 million to victims in diet drug fraud

Attorneys sentenced to decades in diet drug fraud

COVINGTON, Ky. — Two former attorneys have been sentenced to decades in federal prison and ordered to pay $127 million in restitution for defrauding hundreds of clients in a diet-drug settlement.

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Bank of America drops required arbitration for credit and banking customers

Bank of America drops arbitration requirement

Bank of America Corp. said that as of Thursday it will stop requiring that disputes with its credit card holders and banking and lending customers be settled by binding arbitration, opening the door for class-action and other lawsuits to push up the bank’s legal costs.

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Prosecutors agree to let Bernard Madoff’s CFO escape some charges if he fully cooperates

Gov’t lets Madoff CFO escape some charges for help

NEW YORK — Bernard Madoff’s former finance chief won’t face charges for using drugs or for having unregistered firearms as part of his plea deal in the multibillion-dollar fraud.

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Michigan man charged in $53M Ponzi scheme wants access to Ferrari as he tries to raise cash

Man linked to alleged $53M fraud wants Ferrari

DETROIT — A Michigan man accused of running a $53 million Ponzi scheme says he needs his Ferrari to use as collateral while he tries to defend himself against fraud allegations.

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Former Madoff CFO DiPascali pleads guilty to conspiracy, other charges in NYC

Ex-Madoff CFO pleads guilty in court in NYC

NEW YORK — After months of secretly working with the FBI, Bernard Madoff’s right-hand man emerged in federal court on Tuesday and pleaded guilty to conspiracy and other charges, contradicting claims by the disgraced financier that he acted alone.

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Former Madoff CFO DiPascali pleading guilty to conspiracy, other charges in NYC

Ex-Madoff CFO pleading guilty in court in NYC

NEW YORK — The former chief financial officer for Bernard Madoff says he helped the disgraced financier and others “carry out a fraud that hurt thousands of people.”

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Former Madoff CFO DiPascali expected to plead guilty to conspiracy, other charges in NYC

Ex-Madoff CFO expected to plead guilty in NYC

NEW YORK — Prosecutors say the former chief financial officer for Bernard Madoff is expected to plead guilty to conspiracy and other charges.

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Former executive of prearranged funeral company indicted in alleged $600M fraud scheme

Feds allege Mo. funeral scheme could cost $600M

JEFFERSON CITY, Mo. —An executive of a defunct funeral contract company is facing federal fraud charges in an alleged scheme to loot hundreds of millions of dollars from customers’ prepaid funeral accounts.

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NY man who lied to sick people about organ transplants pleads guilty to wire fraud

NY man lied to sick people about organ transplants

SYRACUSE, N.Y. — A man accused of swindling desperately ill patients out of $400,000 by making false promises of organ transplants has pleaded guilty in New York to five federal wire fraud charges.

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