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.
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.
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.
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.
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.
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.
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.”
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.
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.
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.
| » News (3863) |  |
| » Legal Proceedings (2019) | |
| » General Law (1193) | |
| » Immigration (1181) | |
| » Court (1032) | |
| » Class Action (999) | |
| » India (601) | |
| » Lawsuit (568) | |
| » World (417) | |
| » Settlements (395) | |
