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Crime Investment Fraud

  • Sept 13- A U.S. judge on Wednesday ordered Martin Shkreli to be jailed while he awaits sentencing for securities fraud, citing a Facebook post in which the former drug company executive offered a $5,000 reward for a strand of Hillary Clinton's hair. He had been free on a $5 million bail since his December 2015 arrest. District Judge Kiyo Matsumoto ruled that...

  • SAO PAULO, Sept 13- Brazil's federal police on Wednesday arrested the chief executive of JBS SA, the world's No. 1 meatpacker, accusing him of insider trading ahead of a plea bargain he signed this year whose disclosure pummeled the company's stock. The accusations could hurt a plea deal that both brothers signed in May in relation to a three-year graft probe that...

  • Sept 13- A U.S. judge on Wednesday ordered Martin Shkreli to be jailed while he awaits sentencing for securities fraud, citing a Facebook post in which the former drug company offered a $5,000 reward for a strand of Hillary Clinton's hair. Shkreli, who had been free on $5 million bail since his December 2015 arrest, was silent and stony-faced as U.S. marshals led out...

  • Sept 13- A U.S. judge on Wednesday ordered Martin Shkreli to be jailed while he awaits sentencing for securities fraud, citing a Facebook post in which the former drug company executive nicknamed the "Pharma Bro" offered a $5,000 reward for a strand of Hillary Clinton's hair. District Judge Kiyo Matsumoto in Brooklyn said the Sept. 4 post, which prompted a call from...

  • Sept 13- A U.S. judge on Wednesday ordered Martin Shkreli to be jailed while he awaits sentencing for securities fraud, citing a Facebook post in which the former drug company executive nicknamed the "Pharma Bro" offered a $5,000 reward for a strand of Hillary Clinton's hair. District Judge Kiyo Matsumoto in Brooklyn said the Sept. 4 post, which prompted a call from...

  • SAO PAULO, Sept 13- Brazil's federal police on Wednesday detained the chief executive officer of JBS SA, the world's No. 1 meatpacker, saying he used insider information to avoid hefty losses related to a plea bargain signed earlier this year. Wesley Batista, who has been at the helm of JBS since 2011, was detained under an arrest warrant against him and his younger...

  • SAO PAULO, Sept 13- Brazil's federal police detained JBS SA Chief Executive Officer Wesley Batista on Wednesday, as an investigation escalated into the role played by him and his younger brother in suspected insider trading ahead of a plea bargain deal with prosecutors. The disclosure of their plea bargain testimony, which involved key politicians, led to...

  • SAO PAULO, Sept 13- Brazil's federal police detained JBS SA Chief Executive Officer Wesley Batista early on Wednesday, as an investigation into his and his younger brother's role in potential insider trading ahead of a plea bargain deal with prosecutors escalated, two people with knowledge of the matter said. Earlier in the day, police issued a preventative...

  • Sept 12- Former drug company executive Martin Shkreli on Tuesday apologized for a Facebook post that offered his followers a $5,000 reward for obtaining a strand of Hillary Clinton's hair, a post that led U.S. prosecutors to ask that he be jailed while he awaits sentencing for securities fraud. District Judge Kiyo Matsumoto, Shkreli, 34, said he did not mean to...

  • NEW YORK, Sept 12- A federal appeals court on Tuesday rejected a bid by famed Las Vegas sports gambler William "Billy" Walters on Tuesday to remain free while he appeals his conviction and five-year prison sentence for insider trading. The U.S. Court of Appeals for the 2nd Circuit in Manhattan denied Walters' motion to remain free on bail during his appeal only hours...

  • NEW YORK, Sept 12- A lawyer for famed Las Vegas sports gambler William "Billy" Walters on Tuesday urged a U.S. appeals court to let his client remain free while he appeals his conviction and five-year prison sentence for insider trading. Defense attorney Alexandra Shapiro told a three-judge panel of the U.S. Court of Appeals for the 2nd Circuit in Manhattan that...

  • Investors in Chinese online peer-to-peer lender Ezubao protest in Beijing on February 4, 2016.

    A Beijing court sentenced two men who led a 50 billion Chinese yuan ($7.6 billion) Ponzi scheme to life imprisonment on Tuesday, Xinhua reported.

  • NEW YORK, Sept 11- A federal judge in Manhattan on Monday refused to dismiss fraud charges against a former Platinum Partners hedge fund executive and a former union leader for New York City prison guards, who claimed their indictment was based on illegal wiretaps. The defendants, Murray Huberfeld and Norman Seabrook, said the indictment was based improperly on...

  • NEW YORK, Sept 8- U.S. prosecutors on Thursday asked a judge to jail Martin Shkreli while he awaits sentencing for securities fraud, after a Facebook post by the former drug company executive about Hillary Clinton prompted an investigation by the U.S. They pointed to a Sept. 4 Facebook post in which Shkreli offered $5,000 to followers who could grab a strand of...

  • Authorities said Brett Kennedy gave fellow University of Washington alumnus Maziar Rezakhani nonpublic information from Amazon's database, showing that the retailer would lose less money and report higher revenue for the first quarter of 2015 than Wall Street expected, in exchange for $10,000 cash. In a related civil case, the U.S. Securities and Exchange...

  • Craig Carton arrested in alleged ponzi scheme

    WNBC’s Jonathan Dienst reports the latest on sports talk radio host Craig Carton getting arrested this morning for allegedly raising money from investors for business, but using the money to pay off gambling debts instead.

  • Time is ripe for post-storm fraud. Here's how to protect yourself

    CNBC's Scott Cohn reports on ways consumers can protect themselves from all forms of fraud, including insurance, fake charities and crooked contractors.

  • Azeri President Ilham Aliyev attends a press conference after a meeting with Latvian counterpart at the Riga castle, Latvia, on July 17, 2017. Ilham Aliyev is on an official visit to Latvia.

    Azerbaijan’s ruling elite ran a secret $2.8 billion slush fund for two years to pay off European politicians and pay for luxury purchases, an investigation has shown.

  • Evan Kita, 27, of Yardley, Pennsylvania, a former accountant at Celator Pharmaceuticals Inc, pleaded guilty to securities fraud and conspiracy counts, the U.S. Department of Justice said. Prosecutors said Kita tipped his friends Daniel Perez, 28, and Richard Yu, 27, and that Richard Yu tipped his father, Chiang Yu, 55.. Richard and Chiang Yu, both of Pennington, New...

  • Dawn Bennett, who hosted "Financial Myth Busting with Dawn Bennett," diverted about half of what she raised in a 2-1/ 2 year scheme to repay earlier investors, buy luxuries including many dozen pairs of shoes and pay back rent to the Dallas Cowboys for a luxury suite at AT&T Stadium, authorities said. The SEC filed related civil charges on Friday against Bennett and...