Top News

Sheldon Silver, a high-ranking N.Y. politician and asbestos lawyer, found guilty of corruption

John O'Brien Nov. 30, 2015, 3:54pm

Sheldon Silver, a once-powerful politician who worked at one of the most prominent asbestos law firms in the country, was found guilty of corruption by a federal jury on Monday.

Bank of New York Mellon to pay $714 million in fraud settlement

Shaun Zinck Mar. 24, 2015, 2:34am

The Bank of New York Mellon will pay approximately $714 million to settle cases brought against it by the New York State Office of the Attorney General and the U.S. Attorney's Office, New York Attorney General Eric Schneiderman and U.S. Attorney for the Southern District of New York Preet Bharara said last week.

Consumer protection agency targets debt-settlement service providers

Stephanie Ostrowski May 14, 2013, 8:51pm

Cordray

DOJ files second claim over Novartis kickbacks

Chris Dickerson Apr. 30, 2013, 6:11pm

WASHINGTON -- The U.S. Department of Justice has filed a second lawsuit against Novartis Pharmaceuticals over alleged kickbacks to health care providers.

Wells Fargo sued by U.S. Attorney

Nick Rees Oct. 9, 2012, 3:55pm

NEW YORK (Legal Newsline) - The U.S. Attorney for the Southern District of New York on Tuesday filed a lawsuit against Wells Fargo Bank.

Poker buddies accused of insider trading swap

Michael P. Tremoglie Sep. 5, 2012, 10:30am

NEW YORK (Legal Newsline) - The Securities and Exchange Commission on Tuesday accused a California man with giving inside information about Nvidia Corporation's earnings to a poker buddy.

Attorney convicted in $66M mortgage fraud scheme

Michael P. Tremoglie Jul. 17, 2012, 6:00am

NEW YORK (Legal Newsline) - Attorney Michael Raphan has been found guilty of conspiring to commit bank fraud and wire fraud in connection with a $66 million mortgage fraud scheme.

Poker site's CEO arrested at JFK

Michael P. Tremoglie Jul. 3, 2012, 10:33am

NEW YORK (Legal Newsline) - Raymond Bitar, the Chief Executive Officer of Full Tilt Poker, was arrested Monday at John F. Kennedy International Airport, the U.S. Attorney for the Southern District of New York announced.

Hedge fund CEO gets a year and a day for insider trading

Michael P. Tremoglie Jan. 17, 2012, 1:55pm

NEW YORK -- The CEO of a Denver-based hedge fund has been sentenced to a year and a day for insider trading.

N.J. man sentenced for failing to report Swiss bank accounts

Michael P. Tremoglie Jan. 13, 2012, 10:56am

NEW YORK (Legal Newsline) - The U.S. Attorney for the Southern District of New York announced Wednesday that a New Jersey man was sentenced to eight months in a community confinement center for failing to report to the Internal Revenue Service Swiss bank accounts he maintained and controlled.

Three Swiss bankers indicted for $1.2B conspiracy

Michael P. Tremoglie Jan. 4, 2012, 11:59am

NEW YORK (Legal Newsline) - The U.S. Attorney for the Southern District of New York has indicted three Swiss bankers for conspiring to hide more than $1.2 billion in assets from the IRS.

Guilty pleas reached in $10 million bank fraud

Michael P. Tremoglie Dec. 27, 2011, 10:24am

NEW YORK (Legal Newsline) - The U.S. Attorney for the Southern District of New York has announced a guilty plea in a bank fraud and bank bribery scheme.

Madoff controller pleads guilty

Michael P. Tremoglie Dec. 20, 2011, 2:46pm

NEW YORK (Legal Newsline) - Enrica Cotellessa-Pitz, the former controller at Bernard L. Madoff Investment Securities, on Monday pleaded guilty in federal court to falsifying books and records and making false filings to the Securities and Exchange Commission.

Feds fine mortgage foreclosure firm $2 million

Michael P. Tremoglie Oct. 11, 2011, 7:23am

NEW YORK (Legal Newsline) - The U.S. Attorney for the Southern District of New York announced that it entered into an agreement with the law firm of Steve Baum, P.C., one of the largest mortgage foreclosure firms in the state, to pay $2 million to the federal government and revamp its policies and procedures.

Fourteen states are a part of GM settlement

Keith Loria Oct. 20, 2010, 3:00pm

WASHINGTON (Legal Newsline) - The United States Justice Department announced on Wednesday that it, 14 states and the Saint Regis Mohawk Tribe have agreed to a $773 million settlement with Chapter 11 debtor Motors Liquidation Company.