November 6, 2013 |
JERUSALEM - A legal saga that has held Israel's political system in suspense for years came to an end Wednesday as Avigdor Lieberman, one of the country's most controversial and powerful politicians, was acquitted of corruption charges. Lieberman was under legal investigation since the mid-1990s for suspected money laundering and bribery, but years of investigation failed to produce a solid case for an indictment. In December, he was indicted in a separate case exposed during the primary investigation and charged with fraud and breach of trust.
CALIFORNIA | LOCAL
November 5, 2013 |
SAN DIEGO - Eager to strengthen its ties with the U.S., the government of Thailand agreed not to charge for use of its docks and wharves when three Navy ships arrived in 2010 for a multi-nation exercise at sea. So when a bill arrived weeks later at the Navy regional headquarters for $110,000, the Navy began asking questions. That led to an expansive, international investigation into whether the Navy and U.S. taxpayers were getting ripped off at ports throughout the Asia-Pacific region.
November 1, 2013 |
Orange County Register owner Aaron Kushner alleges that the former owners fraudulently misstated finances of the newspaper's parent company, leading him to significantly overpay when he bought it last year. The previous owners of Freedom Communications, however, contend that the fraud claims are unsubstantiated and are being used as a pretext to avoid paying them money still owed to close the deal. The dispute surfaced in a lawsuit filed late last month by former Freedom shareholders.
CALIFORNIA | LOCAL
October 27, 2013 |
Costa Mesa police helped take down an international fraud ring that stole millions of dollars by selling nonexistent cars and other high-priced items, the department announced Friday. An organized crime syndicate run by a Romanian national orchestrated the elaborate online schemes, according to an indictment filed in a New York federal court and unsealed Thursday. Syndicate members flooded websites such as Cars.com, EBay and AutoTrader.com with ads that lured victims into paying for things that didn't actually exist, usually making $10,000 to $45,000 per sale, according to the indictment.
October 25, 2013 |
NEW YORK -- Should federal prosecutors favor California as backdrop for cases against Wall Street firms? Earlier this year, there was the Justice Department's lawsuit against Standard & Poor's, which prosecutors accused of fueling the financial crisis with dubious ratings of mortgage investments. That case was filed in federal court in Los Angeles. Now there is another civil fraud case against a Wall Street firm -- this one out of Sacramento. As The Times reports Friday , U.S. Atty.
October 23, 2013 |
NEW YORK -- Bank of America has lost a major civil fraud case brought by the Justice Department, a major victory for the federal government as it continues to pursue cases stemming from the financial crisis. A federal jury in Manhattan found BofA liable for faulty loans its unit Countrywide Financial Corp. sold to mortgage finance giants Fannie Mae and Freddie Mac. The jury also found former Countrywide executive Rebecca Mairone liable, a spokeswoman for U.S. Atty. Preet Bharara said.