NEW HAVEN, Conn., March 7- A federal jury on Friday found former Jefferies Group Inc trader Jesse Litvak guilty of defrauding clients on mortgage bond trades made after the financial crisis. "Today's verdict shows plainly and powerfully that Wall Street professionals are not above the law," U.S. Attorney Deirdre Daly in Connecticut said in a statement.» Read More
March 7- A whistleblower will be paid $63.9 million for providing tips that led to JPMorgan Chase& Co's agreement to pay $614 million and tighten oversight to resolve charges that it defrauded the government into insuring flawed home loans.
NEW YORK/ MEXICO CITY, March 7- The company at the center of an alleged fraud that forced Citigroup Inc to cut its 2013 profit won billions of dollars in contracts from Mexico's state oil monopoly over the past decade, even after Mexican officials and private lawsuits raised red flags about the contractor's activities.
*Four plead not guilty to criminal charges, SEC sues. "You always do in the last hours," the law firm's executive director Stephen DiCarmine replied to the Dec. 29, 2008 email from chief financial officer Joel Sanders, according to investigators.
"You always do in the last hours," the law firm's executive director Stephen DiCarmine replied to the Dec. 29, 2008 email from chief financial officer Joel Sanders, according to investigators.
Former top executives of Dewey law firm were charged with fraud and theft for concealing from banks,investors and other lawyers.
Manhattan District Attorney Cyrus Vance Jr described the former executives of "concocting and overseeing a massive effort to cook the books" at the law firm.
The U.S. Securities and Exchange Commission on Thursday filed a related civil lawsuit against Davis, DiCarmine, Sanders and two former Dewey finance officials, finance director Frank Canellas and former controller Thomas Mullikin.
The DoJ froze more than $458 million in illicit funds hidden in accounts belonging to Nigeria's deceased dictator and his cohorts.
NEW YORK, March 4- Steven Donziger, the Harvard- educated lawyer who has waged a two-decade battle against Chevron Corp over pollution in the Amazon jungle in Ecuador, is not one to accept defeat quietly.
NEW YORK, March 4- Five former aides of infamous swindler Bernard Madoff used an "avalanche of lies" to help him carry out his decades-long Ponzi scheme, each with a specific role to ensure that investors, auditors and regulators were kept in the dark, a prosecutor said on Tuesday in the closing phase of their trial.
NEW HAVEN, Conn., March 4- Lawyers for Jesse Litvak wrapped up their defense of the former Jefferies Group Inc trader on federal fraud charges without his taking the stand, putting the case on track to go to the jury by late Wednesday.
NEW YORK, March 4- Steven Donziger, the Harvard- educated lawyer who has waged a two-decade battle against Chevron Corp over pollution in the Amazonian jungle in Ecuador, is not one to accept defeat quietly.
LINCOLN, Neb.-- Nebraska Attorney General Jon Bruning and post office representatives and others are warning about fraud and financial scams that can be heartbreaking for victims. Bruning's announcement Monday coincided with the start of National Consumer Protection Week.
LONDON, March 4- Cybercrime is the second most common type of fraud reported by financial firms, more than double the level across other industries, as criminals turn increasingly to technology as their main weapon against banks, a survey showed.
NEW YORK-- Citigroup and its Mexican unit Banamex have received grand jury subpoenas, three days after announcing alleged fraud committed by a Mexican oil services company that secured loans from them.
NEW YORK, March 2- The U.S. Securities and Exchange Commission is investigating Citigroup for accounting fraud after it disclosed bogus loans in its Mexican Banamex unit, a source familiar with the investigation said. The securities regulator is also examining whether Citigroup violated the Foreign Corrupt Practices Act, the source said.
Feb 28- Citigroup Inc said on Friday that it discovered fraudulent loans in its Mexico subsidiary and that its employees may have been in on the crime. Citigroup said it believes at this point that the incident was an isolated episode.
In a complaint filed on Thursday in U.S. District Court in Chicago, plaintiff Gregory Greene said Mt. Gox and its chief executive, Mark Karpeles, were negligent and committed fraud for having failed to protect the Tokyo- based exchange from theft.
NEW YORK, Feb 27- Ponzi scheme. Bongiorno is one of five former Madoff workers on trial in federal court in Manhattan for abetting his fraud, which fell apart in December 2008, costing investors an estimated $17 billion in principal losses.
*Jesse Litvak accused of securities fraud, TARP fraud. NEW HAVEN, Conn., Feb 27- Lawyers defending Jesse Litvak at the former Jefferies Group Inc trader's federal fraud trial on Thursday accused the firm of firing him and then helping prosecutors out of concern that it might otherwise lose a major client.