BBC News A former Goldman Sachs board member has been found guilty of four criminal counts of insider trading by a federal court in New York. Rajat Gupta, 63, denied illegally leaking boardroom secrets to Raj Rajaratnam, a former hedge…
Citigroup is paying $285m to settle civil fraud charges from the Securities and Exchange Commission. The SEC said that Citigroup misled investors when it invited them to invest in a product based on US mortgage debt. It said that Citigroup…
The CIA has been operating without an inspector general for over a year, and the Senators are growing concerned. An inspector general is an internal watchdog position, in charge of investigating fraud, corruption, and other internal affairs. For the CIA,…
Last week the Securities and Exchange Commission filed a civil lawsuit against Goldman Sachs. The suit alleges the company, along with a high-ranking employee, of defrauding investors. Allegedly, the company omitted keys facts and made misstatements relating to subprime mortgages…
Dan Levine The Recorder Four years after the first subpoena, the government’s investigation of health care fraud at Johnson & Johnson has reached zero hour. Lawyers from Quinn Emanuel Urquhart Oliver & Hedges who represent the company are scheduled to meet with…
Rhéal Seguin Globe and Mail Update Last updated on Friday, Sep. 25, 2009 08:48PM EDT Quebec’s former lieutenant-governor Lise Thibault is facing criminal charges involving fraud, breach of trust, forgery and fabrication of false documents related to the misspending of…
UKPA August 11, 2009 Disgraced peer Lord Conrad Black will remain in jail pending an appeal over his fraud conviction, the US Supreme Court has ruled. The former press baron had hoped he would be bailed ahead of the hearing…
From the Toronto Star Aug 05, 2009 10:56 AM MADHAVI ACHARYA-TOM YEW BUSINESS REPORTER Livent founder Garth Drabinsky has been sentenced to seven years in prison for an accounting fraud that propelled the theatre company onto the global stage before…
Fromthe Toronto Star Jul 29, 2009 04:30 AM RICHARD J. BRENNAN OTTAWA BUREAU OTTAWA–A relaxed Karlheinz Schreiber says he’s optimistic he will die an old man in Canada before he’s ever extradited to Germany to face a number of charges,…
From the Toronto Star Jul 29, 2009 04:30 AM ANDREW CHUNG QUEBEC BUREAU CHIEF MONTREAL–Earl Jones spent just one night in jail, and is today free on bail. On the other hand, one of Jones’s clients, Christiane Jackson, feels imprisoned.…