Corporate Fraud
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NEW YORK, May 7- Federal authorities announced fraud charges against a debt settlement company on Tuesday, in the first criminal case based on work by the new U.S. Consumer Financial Protection Bureau.
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NEWPORT NEWS, Va.-- A Norfolk man faces the prospect of a long prison term when he's sentenced in August on fraud convictions related to a Newport News hedge fund he ran.
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NEW YORK, May 7- Federal authorities announced fraud charges against a debt settlement company on Tuesday, in the first criminal case based on work by the new U.S. Consumer Financial Protection Bureau.
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*Chiasson convicted over trades in Dell, Nvidia. The government said in a Manhattan federal court filing that Anthony Chiasson, who was convicted in December of securities fraud and conspiracy, should spend 97 to 121 months behind bars. In December, a jury convicted Chiasson of using confidential information to trade in shares of computer maker Dell Inc.
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NEW YORK-- A prominent New York state senator pleaded not guilty on Monday to embezzlement and other charges alleging he brazenly tried to sabotage a federal fraud investigation of his law practice by seeking inside information from an employee of the Brooklyn U.S. attorney's office.
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NEW YORK, May 6- The California jeweler who gave a former KPMG auditor cash, an expensive watch and concert tickets in exchange for inside information about public companies agreed on Monday to plead guilty to one count of conspiracy to commit securities fraud, according to court papers.
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NEW YORK, May 6- The California jeweler who gave a former KPMG auditor cash, an expensive watch and concert tickets in exchange for inside information about public companies pleaded guilty on Monday to one count of conspiracy to commit securities fraud, according to court papers.
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NEW YORK, May 6- The California jeweler who gave a former KPMG auditor cash, merchandise and concert tickets in exchange for inside information about public companies pleaded guilty on Monday to one count of conspiracy to commit securities fraud, according to court papers.
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NEW YORK, May 6- The California jeweler who gave a former KPMG auditor cash, merchandise and concert tickets in exchange for inside information about public companies pleaded guilty on Monday to one count of conspiracy to commit securities fraud, according to court papers.
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May 3- The lawyer who has been defending controversial plaintiffs attorney Steven Donziger in a lawsuit by Chevron Corp, filed a motion on Friday to withdraw as counsel, citing Donziger's inability to pay his legal bills.
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May 3- The lawyer who has been defending controversial plaintiffs attorney Steven Donzinger in a lawsuit by Chevron Corp, filed a motion on Friday to withdraw as counsel, citing Donzinger's inability to pay his legal bills.
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David Blech, 57, pleaded guilty in May 2012 to securities fraud charges stemming from improper trades in biopharmaceutical companies Pluristem Therapeutics Inc and Intellect Neurosciences Inc. District Judge Colleen McMahon in Manhattan expressed anger at his repeat offense and rejected his lawyer's request for leniency.
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The alert follows by almost two years a period in which the SEC filed a string of civil fraud cases related to oil and gas private placements. But an SEC spokesman said the issues they present are ongoing, adding: "The alert wasn't prompted by any particular case or series of cases."
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The alert follows by almost two years a period in which the SEC filed a string of civil fraud cases related to oil and gas private placements. But an SEC spokesman said the issues they present are ongoing, adding: "The alert wasn't prompted by any particular case or series of cases."
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*Medical Capital shut down after SEC sued for fraud. The lawsuit stemmed from the collapse of medical receivables financing company Medical Capital Holdings Inc. The U.S. Securities and Exchange Commission sued Medical Capital and two executives for fraud in July 2009, and the company was soon shut down.
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April 30- McGraw-Hill Cos Inc posted a higher-than-expected first-quarter adjusted profit as its Standard& Poor's ratings service generated more revenue from corporate and structured debt issuance. McGraw-Hill has asked a federal judge to dismiss the suit, arguing the government's case is based on vague statements that cannot be used to prove fraud.
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NEW YORK, April 29- A Manhattan judge indicated Monday he was "troubled" by how the U.S. government applied a rarely used law in a suit against Bank of America Corp over the sale of toxic mortgages to Fannie Mae and Freddie Mac.
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SIENA, Italy, April 27- An Italian judge has rejected an order to seize around 1.8 billion euros of assets from Nomura as part of a probe into suspected fraud involving troubled lender Monte dei Paschi di Siena, legal sources said on Saturday.
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SIENA, Italy, April 27- An Italian judge has rejected an order to seize around 1.8 billion euros of assets from Japanese bank Nomura as part of a probe into suspected fraud involving troubled lender Monte dei Paschi di Siena, legal sources said on Saturday.
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NEW YORK, April 26- Three years after Fabrice Tourre became the face of a major U.S. regulatory action against Goldman Sachs Group Inc, a newly uncovered phone recording is giving the Securities and Exchange Commission ammunition in its fraud case against the former bond trader.