CALIFORNIA | LOCAL
May 15, 2013 | By Andrew Blankstein, Los Angeles Times
Seven reputed Montebello-area gang members have been arrested on suspicion of involvement in at least half a dozen killings stemming from ongoing rivalries over drugs and turf, authorities said Wednesday. The arrests made by Montebello police and federal Bureau of Alcohol, Tobacco, Firearms and Explosives agents, coupled with several dozen federal and state indictments, are part of a bid to clear a backlog of unsolved gang homicides. The operation targeted Southside Montebello, a gang rooted in the community for half a century.
BUSINESS
May 7, 2013 | By Stuart Pfeifer, Los Angeles Times
A San Fernando Valley jeweler agreed to plead guilty to a conspiracy charge and return nearly $1.3 million in stock-trading gains he made from allegedly illegal tips provided by a former partner at accounting giant KPMG. Bryan Shaw, 52, of Lake Sherwood admitted in a plea agreement that he conspired with KPMG's Scott London to trade in the stocks of the accounting firm's clients. The pair were longtime friends who enjoyed golfing together. In addition to forfeiting his ill-gotten gains, Shaw faces a maximum sentence of five years in federal prison and a fine, the Justice Department said.
CALIFORNIA | LOCAL
January 28, 2013 | By Paul Pringle and Hailey Branson-Potts, Los Angeles Times
A onetime rising star in national labor circles who headed California's biggest union local was convicted Monday on federal charges that he stole tens of thousands of dollars from his low-income members. Tyrone Freeman, who represented about 190,000 homecare workers as a leader of the Service Employees International Union, was found guilty on 14 counts after a 10-day trial in Los Angeles. Jurors deliberated two and a half days before returning their verdict. The trial followed a nearly four-year investigation triggered by a series of Times reports on Freeman's financial practices.
CALIFORNIA | LOCAL
March 22, 2013 | By Jason Felch
A ring of Southern California businesses has been illegally selling nitrous oxide for use as a recreational drug, federal and local law enforcement officials said Friday afternoon in announcing a regional crackdown. Three auto supply employees were arrested earlier in the day in a federal law enforcement sweep that included searches of 17 businesses and nine delivery vehicles linked to the ring, authorities said. A fourth suspect is still being sought. Nitrous oxide, commonly known as laughing gas, can be used for welding, as a speed booster in cars or as an as anesthetic by dentists and doctors.
BUSINESS
April 11, 2013 | By Stuart Pfeifer and Andrew Tangel, Los Angeles Times
Prosecutors filed a criminal charge against disgraced former KPMG partner Scott London, saying he gave a stock-trading friend inside information about his firm's clients in exchange for cash, jewelry and expensive dinners. The criminal case filed Thursday in federal court in Los Angeles conflicted with the version a contrite London gave reporters earlier this week; London said that the information he gave his buddy was sparse and that his involvement in the stock trades was minimal.
BUSINESS
February 14, 2013 | By Stuart Pfeifer, Los Angeles Times
Federal agents arrested 14 people, including a former deputy district attorney, on suspicion of running a stock manipulation scheme from Southern California that cost investors more than $30 million. Authorities said the scheme involved the heavy promotion of worthless stocks, which the perpetrators later sold for huge profits in a classic "pump-and-dump" scheme. More than 20,000 investors worldwide are believed to have been victims. Investigators with the FBI and Internal Revenue Service used wiretaps to secretly record thousands of telephone calls and text messages during a three-year investigation, building what U.S. Atty.