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Charges dropped against Stockman

Fri, 9 Jan 2009 19:35:29 GMT

(image) Federal prosecutors dropped charges Friday against former Reagan budget director David Stockman, who was accused of overseeing a sweeping fraud at a troubled auto parts supplier.



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Adviser gets 12 years in prison in fraud case

Tue, 8 Jul 2008 22:53:16 GMT

A federal judge sentenced an investment adviser to 12 years in prison on fraud charges related to the loss of $213 million in a hedge fund at the state agency for injured workers.



Judge sentences ex-Refco CEO to 16 years

Thu, 3 Jul 2008 18:05:09 GMT

The former chief executive of Refco Inc. was sentenced Thursday to 16 years in prison for a financial cover-up that brought down one of the world's largest commodities brokerages.



Ex-Bear Stearns execs may face fraud charges

Mon, 16 Jun 2008 12:02:51 GMT

U.S. prosecutors are preparing to file criminal charges against managers of two Bear Stearns hedge funds whose collapse helped kick off the credit crisis last year, the Wall Street Journal reported on Monday.



Ex-CEO of Broadcom pleads not guilty

Mon, 16 Jun 2008 19:50:01 GMT

Co-founder Henry T. Nicholas III of Broadcom Inc. pleaded not guilty Monday to federal drug and securities fraud charges alleging wrongdoing inside and outside the company.



Broadcom exec faces drug, conspiracy charges

Thu, 5 Jun 2008 22:09:29 GMT

(image) Federal officials unsealed two indictments charging Broadcom co-founder Henry T. Nicholas III with conspiracy and securities fraud relating to stock options backdating.



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AIG sues ex-CEO Greenberg for breach of duty

Thu, 27 Mar 2008 18:14:00 GMT

(image) American International Group Inc has filed a complaint in New York Supreme Court against former Chief Executive Maurice "Hank" Greenberg and six other former directors and officers, accusing them of breaching their fiduciary duty.



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Appeals court orders new trial for Nacchio

Tue, 18 Mar 2008 00:09:43 GMT

(image) A federal appeals court ordered a new trial Monday for former Qwest CEO Joe Nacchio, saying the trial judge wrongly excluded expert testimony important to Nacchio’s defense.



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Lawyer gets 2 years for kickback scheme

Mon, 11 Feb 2008 19:55:29 GMT

A former partner at a prestigious New York law firm has been sentenced to two years in federal prison for his role in a lucrative kickback scheme involving class-action lawsuits.



Corporate Casanova’s dirty secrets seeping out

Fri, 25 Jan 2008 20:35:10 GMT

(image) David Colby was one of corporate America’s most admired executives before he was abruptly fired last spring for what was vaguely described at the time as misconduct of a “non-business nature.”



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Supreme Court declines to hear Enron case

Tue, 22 Jan 2008 17:01:21 GMT

The Supreme Court dealt a blow Tuesday to Enron investors who sued major investment banks to recover money lost when the Texas energy giant collapsed amid accounting fraud.



Former CEO to serve 21 months for backdating

Wed, 16 Jan 2008 19:12:56 GMT

(image) The former head of Brocade Communications Systems was sentenced Wednesday to 21 months in prison for orchestrating a scheme to tamper with records of stock option grants.



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Justices rule against investors in fraud case

Tue, 15 Jan 2008 20:06:18 GMT

The Supreme Court ruled Tuesday against investors who sue businesses that manipulate stock prices of publicly traded companies.



Citigroup to settle Enron claims

Wed, 26 Mar 2008 15:29:13 GMT

NEW YORK (Reuters) - Citigroup Inc. has agreed to pay Enron creditors $1.66 billion to settle a lawsuit over its responsibility in the energy trading firm's downfall, a group representing creditors said on Wednesday.



Former Hollinger exec gets 29 months in prison

Mon, 17 Dec 2007 22:19:37 GMT

(image) F. David Radler, former publisher of the Chicago Sun-Times, was sentenced Monday to 29 months in prison for his role in stealing millions of dollars from Hollinger shareholders.



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Judge turns down appeal on Enron ruling
A federal judge in New York rebuffed on Monday a bid for an early appeal of a ruling in Enron Corp.'s bankruptcy case that major players in the distressed debt sector say has unsettled the market.



Enron’s Skilling claims government cheated

Fri, 7 Sep 2007 20:48:26 GMT

(image) Imprisoned former Enron chief executive Jeffrey Skilling asked Friday for a new trial, saying the Justice Department used incorrect legal theories and “coercive and abusive tactics” to win a conviction, including threatening witnesses.



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New sentence hearing for Wal-Mart exec set

Tue, 28 Aug 2007 16:32:50 GMT

A former Wal-Mart executive who was sentenced to home detention in a fraud case got off too light and must be sentenced again, an appeals court ruled Tuesday.



Ex-Qwest CEO given six years in prison

Fri, 27 Jul 2007 19:48:59 GMT

(image) Former Qwest Communications chief executive Joe Nacchio was sentenced to six years in prison Friday for making $52 million in illegal stock sales while a multibillion-dollar accounting scandal brought the telecommunications company to the brink of bankruptcy.



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Ex-media mogul Black convicted of fraud

Fri, 13 Jul 2007 22:34:01 GMT

(image) A federal jury convicted fallen media tycoon Conrad Black and three of his former executives at Hollinger International Inc. Friday of illegally pocketing millions of dollars that should have gone to stockholders.



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