WASHINGTON, Dec 4- The U.S. Justice Department plans to bring civil mortgage fraud cases against several financial institutions early in 2014, using as a template the case that ended last month in JPMorgan Chase& Co's $13 billion settlement, U.S.» Read More
NEW YORK, Nov 26- An attorney for Chevron Corp on Tuesday accused U.S. lawyer Steven Donziger of orchestrating an international criminal conspiracy by using bribery and fraud in Ecuador to secure a multibillion-dollar pollution judgment against the oil company.
RICHMOND, Va.-- A Richmond, Va. man has pleaded guilty in a $1.2 million investment scheme. District Judge Robert Payne on Feb. 20. Burks was chief executive officer of Chelsea Financial Group.
The Securities and Exchange Commission's case, filed with the agency's administrative court, also alleges that Ambassador Capital Management and portfolio manager Derek Oglesby failed to comply with the cornerstone federal regulations that limit risk in a money market fund's portfolio.
BOISE, Idaho-- Eight Romanians who arrived in Idaho a decade ago face deportation after federal prosecutors say they entered sham marriages to stay illegally in America. Attorney Wendy Olson said they all lied to stay: Since 2012, seven have pleaded guilty to fraud, while another awaits U.S. District Court proceedings in Boise.
NEW YORK, Nov 22- The U.S. government on Friday sought permission to add a Wells Fargo& Co executive, Kurt Lofrano, as a defendant in its year-old lawsuit accusing the bank of fraud.
LONDON, Nov 21- A second brother-in-law of Mukhtar Ablyazov, a Kazakh oligarch held in France and awaiting extradition on fraud charges, been sentenced to jail in Britain for contempt of court. On Thursday, the High Court in London sentenced his brother-in-law Salim Shalabayev to 22 months in jail in absentia for consistently failing to comply with court orders.
NEW YORK, Nov 21- Bank of America Corp urged a U.S. federal judge to impose no penalty even after a jury found it liable for fraud over the sale of defective mortgages by its Countrywide Financial unit.
A Federal judge on Monday ruled that Anthony J. Lupas, a Pennsylvania Alzheimer's sufferer and accused Ponzi king, does not have the mental capacity to stand trial for 31 counts of fraud and conspiracy.
WASHINGTON, Nov 20- A bipartisan group of U.S. House and Senate members is seeking to make it easier for investment fraud victims to seek compensation, after investors in Allen Stanford's Ponzi scheme were deemed ineligible under current law to file claims.
Nov 19- A former trader was sentenced to 2 1/ 2 years in prison on Tuesday for an unauthorized purchase of about $1 billion in Apple Inc stock that eventually led to the demise of financial services firm Rochdale Securities. As a result, the firm eventually collapsed, the SEC said.
NEW YORK, Nov 18- Prosecutors on Monday accused "Real Housewives of New Jersey" stars Teresa and Joe Giudice of lying eight years ago when they claimed on loan applications that Teresa was a realtor, not a housewife. A federal grand jury in Newark, New Jersey, added two new counts to the long list of fraud charges against the husband and wife, prosecutors said.
NEW YORK, Nov 18- Prosecutors on Monday accused "Real Housewives of New Jersey" stars Teresa and Joe Giudice of lying eight years ago about whether Teresa was really a housewife. A federal grand jury in Newark, New Jersey, added two new counts to the long list of fraud charges against the husband and wife, prosecutors said.
NEW YORK, Nov 18- Thousands of victims of Bernard Madoff's fraud, including many who have so far recovered nothing, may start pursuing an additional $2.35 billion to cover some of their losses, U.S. It is being held in a Madoff Victim Fund and overseen by special master Richard Breeden, a former U.S.
WASHINGTON, Nov 15- The U.S. Supreme Court, which has in recent years issued many rulings favorable to businesses, on Friday agreed to revisit a 1988 decision that made it much easier for shareholders to sue companies for alleged securities fraud.
Securities brokers who think California's court system offers an easy path for erasing details from their public records may want to think again.
SACRAMENTO, Calif., Nov 14- Authorities in California shut down 10 fake Obamacare websites, amid nationwide concern among law enforcement officials about potential fraud during the program's rollout, the state's attorney general said on Thursday.
NEW YORK, Nov 12- The federal judge who oversaw the recent civil fraud trial against Bank of America Corp criticized the U.S. Department of Justice on Tuesday for failing to prosecute high-level executives over the financial crisis.
NEW YORK, Nov 12- Chevron Corp is bringing its enormous resources to bear in a court case in New York in which it has accused a U.S. lawyer of using fraud to win a $19 billion environmental judgment against it.
The SEC on Tuesday said it entered a deferred prosecution agreement with Scott Herckis, a certified public accountant from Stamford, Connecticut, for his "voluntary and significant cooperation" that helped halt a fraud by Berton Hochfeld, founder of the hedge fund Heppelwhite Fund LP.
J.P.Donlon, Chief Executive and CNBC's Robert Frank discuss the study that opulent CEO lifestyles raise the chances of fraud by their underlings.