Politics

Former Wells Fargo Investment Banker and Co-Conspirators Charged with $11 Million Insider Trading Conspiracy

A federal indictment unsealed today in U.S. District Court charged nine defendants in Charlotte and elsewhere with insider trading and money laundering, announced Anne M. Tompkins, U.S. Attorney for the Western District of North Carolina. The charges...

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Former Mexican Hotel Operator Pleads Guilty in First Stage of Resolving $500 Million Scheme to Defraud Thousands of U.S. Investors in Sales of Promissory Notes and Timeshare Leases

Partially resolving one of the largest investment fraud cases ever in federal court here, a defendant who owned hotel properties in Mexico pleaded guilty yesterday to securities fraud, admitting that he fraudulently obtained approximately $500 million...

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Report Shows Stop and Frisk Rights Violations Continue

The Center for Constitutional Rights (CCR) released a report analyzing the New York City Police Department’s stop-and-frisk data for January 2010 through June 2012. The report shows that the constitutional violations detailed in an earlier report...

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Two Alabama Real Estate Investors and Their Company Plead Guilty to Conspiracies to Rig Bids and Commit Mail Fraud for the Purchase of Real Estate at Public Foreclosure Auctions

Two Alabama real estate investors and their company pleaded guilty Wednesday for their roles in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in southern Alabama, the Department of Justice announced.

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Sunrise Man Arrested and Charged in $20 Million Payroll Tax Fraud Scheme

Wifredo A. Ferrer, United States Attorney for the Southern District of Florida; Michael B. Steinbach, Acting Special Agent in Charge, Federal Bureau of Investigation (FBI)

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Former Corporate Controller of Clyde’s Restaurant Group Sentenced to Two Years in Prison for Embezzling Over $600,000

Nancy Preston, 55, who worked at Clyde’s Restaurant Group from 1982 to 2011, was sentenced Wednesday to two years in prison for her embezzlement of approximately $647,547, announced U.S. Attorney Ronald C. Machen, Jr. and Debra Evans Smith, Acting...

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Former U.S. Congressman Sentenced to Year in Prison in Tax Case Related to Scam that Sold Unregistered Securities in Internet Firms

A former United States Congressman has been sentenced to one year and one day in federal prison in a tax fraud case related to his failure to disclose to the IRS nearly $500,000 of investor funds he received from a $10 million investment fraud scheme...

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FBI Releases 2011 Hate Crime Statistics

According to statistics released on Monday by the Federal Bureau of Investigation, 6,222 criminal incidents involving 7,254 offenses were reported in 2011 as a result of bias toward a particular race, religion, sexual orientation, ethnicity/national...

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