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Ex-media mogul Black convicted of fraud
A federal jury convicted fallen media tycoon Conrad Black and three of his former executives at Hollinger International Inc. Friday of illegally pocketing millions of dollars that should have gone to...
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Ex-Qwest CEO given six years in prison
Former Qwest Communications chief executive Joe Nacchio was sentenced to six years in prison Friday for making $52 million in illegal stock sales while a multibillion-dollar accounting scandal brought...
View ArticleNew sentence hearing for Wal-Mart exec set
A former Wal-Mart executive who was sentenced to home detention in a fraud case got off too light and must be sentenced again, an appeals court ruled Tuesday.
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Enron’s Skilling claims government cheated
Imprisoned former Enron chief executive Jeffrey Skilling asked Friday for a new trial, saying the Justice Department used incorrect legal theories and “coercive and abusive tactics” to win a...
View ArticleJudge turns down appeal on Enron ruling
A federal judge in New York rebuffed on Monday a bid for an early appeal of a ruling in Enron Corp.'s bankruptcy case that major players in the distressed debt sector say has unsettled the market.
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Former Hollinger exec gets 29 months in prison
F. David Radler, former publisher of the Chicago Sun-Times, was sentenced Monday to 29 months in prison for his role in stealing millions of dollars from Hollinger shareholders.
View ArticleCitigroup to settle Enron claims
NEW YORK (Reuters) - Citigroup Inc. has agreed to pay Enron creditors $1.66 billion to settle a lawsuit over its responsibility in the energy trading firm's downfall, a group representing creditors...
View ArticleJustices rule against investors in fraud case
The Supreme Court ruled Tuesday against investors who sue businesses that manipulate stock prices of publicly traded companies.
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Former CEO to serve 21 months for backdating
The former head of Brocade Communications Systems was sentenced Wednesday to 21 months in prison for orchestrating a scheme to tamper with records of stock option grants.
View ArticleSupreme Court declines to hear Enron case
The Supreme Court dealt a blow Tuesday to Enron investors who sued major investment banks to recover money lost when the Texas energy giant collapsed amid accounting fraud.
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Corporate Casanova’s dirty secrets seeping out
David Colby was one of corporate America’s most admired executives before he was abruptly fired last spring for what was vaguely described at the time as misconduct of a “non-business nature.”
View ArticleLawyer gets 2 years for kickback scheme
A former partner at a prestigious New York law firm has been sentenced to two years in federal prison for his role in a lucrative kickback scheme involving class-action lawsuits.
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Appeals court orders new trial for Nacchio
A federal appeals court ordered a new trial Monday for former Qwest CEO Joe Nacchio, saying the trial judge wrongly excluded expert testimony important to Nacchio’s defense.
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AIG sues ex-CEO Greenberg for breach of duty
American International Group Inc has filed a complaint in New York Supreme Court against former Chief Executive Maurice "Hank" Greenberg and six other former directors and officers, accusing them of...
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Broadcom exec faces drug, conspiracy charges
Federal officials unsealed two indictments charging Broadcom co-founder Henry T. Nicholas III with conspiracy and securities fraud relating to stock options backdating.
View ArticleEx-CEO of Broadcom pleads not guilty
Co-founder Henry T. Nicholas III of Broadcom Inc. pleaded not guilty Monday to federal drug and securities fraud charges alleging wrongdoing inside and outside the company.
View ArticleEx-Bear Stearns execs may face fraud charges
U.S. prosecutors are preparing to file criminal charges against managers of two Bear Stearns hedge funds whose collapse helped kick off the credit crisis last year, the Wall Street Journal reported on...
View ArticleJudge sentences ex-Refco CEO to 16 years
The former chief executive of Refco Inc. was sentenced Thursday to 16 years in prison for a financial cover-up that brought down one of the world's largest commodities brokerages.
View ArticleAdviser gets 12 years in prison in fraud case
A federal judge sentenced an investment adviser to 12 years in prison on fraud charges related to the loss of $213 million in a hedge fund at the state agency for injured workers.
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Charges dropped against Stockman
Federal prosecutors dropped charges Friday against former Reagan budget director David Stockman, who was accused of overseeing a sweeping fraud at a troubled auto parts supplier.
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