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Crime

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  • Colombia May Seek Chiquita Executives on Militia Payoffs Wednesday, 21 Mar 2007 | 2:08 AM ET

    Colombia may seek to extradite employees from Chiquita after the U.S. banana giant pleaded guilty to charges a subsidiary paid protection money to illegal paramilitary gangs, the country's top prosecutor said on Tuesday.

  • Accredited, New Century Lead Subprime Meltdown Tuesday, 13 Mar 2007 | 3:59 PM ET

    The meltdown among U.S. subprime mortgage lenders including New Century Financial Corp. broadened on Tuesday, as Accredited Home Lenders Holding Co. shares fell more than 60 percent, and investors worried that more lenders might restructure or seek bankruptcy protection.

  • New Century Financial said on Tuesday it underestimated its debt to Credit Suisse by $500 million, the latest snafu for a company under investigation by U.S. securities regulators and facing delisting from the New York Stock Exchange.

  • U.S. May Charge Ex-Execs at Broadcom, Apple: WSJ Friday, 16 Feb 2007 | 3:10 AM ET

    Federal prosecutors are strongly considering criminal charges against former executives of Broadcom., Apple, and KLA-Tencor, related to the backdating of stock options, the Wall Street Journal reported on Friday, citing people familiar with the situation.

  • Investigator in H-P Probe to Plead Guilty Friday, 12 Jan 2007 | 5:20 AM ET

    Federal prosecutors are poised to score their first victory in their investigation of Hewlett-Packard's ill-fated boardroom spying probe, after a private investigator agreed to plead guilty to identity theft and conspiracy charges.

  • Former Enron executive Richard Causey had been scheduled to report to prison on Tuesday, according to a newspaper report.

American Greed

  • Doug Vaughan appears to be swimming in money. KOB-TV anchor Tom Joles, FBI special agent David Backlund, former employee Wayne Unze, and former investors Tommy Hightower and Philip Dugan discuss Vaughan's lavish lifestyle that made his business appear legitimate.

  • By all appearances Doug Vaughan's business is doing "quite well." Investigators explain how Vaughan kept his investors in the dark.

  • F.B.I. Special Agent David Backlund describes how Vaughan chose specific people to pay back in order to keep the fraud going.