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.
Tue, 8 Jul 2008 22:53:16 GMTA 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.
Thu, 3 Jul 2008 18:05:09 GMTThe 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.
Mon, 16 Jun 2008 12:02:51 GMTU.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.
Mon, 16 Jun 2008 19:50:01 GMTCo-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.
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.
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.
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.
Mon, 11 Feb 2008 19:55:29 GMTA 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.
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.”
Tue, 22 Jan 2008 17:01:21 GMTThe 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.
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.
Tue, 15 Jan 2008 20:06:18 GMTThe Supreme Court ruled Tuesday against investors who sue businesses that manipulate stock prices of publicly traded companies.
Wed, 26 Mar 2008 15:29:13 GMTNEW 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.
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.
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.
Tue, 28 Aug 2007 16:32:50 GMTA 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.
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.
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.