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February 21, 2008 | From Times Wire Reports
An independent counsel today cleared President-elect Lee Myung-bak of financial fraud allegations that had clouded his rise to South Korea's highest office. Lee had been suspected of collusion in a 2001 stock price manipulation case, a controversy that plagued him throughout last year's campaign. Lee had strongly denied the allegations, and state prosecutors already had acquitted him weeks before the election. But rival politicians pushed for the special inquiry.
April 21, 2014 | By Ricardo Lopez
A San Francisco man pleaded guilty to a single count of securities fraud Monday related to the 2009 acquisition of Marvel Entertainment by Walt Disney Co, federal authorities said.  The announcement by the U.S. attorney's office for the Central District of California caps the criminal case against Toby G. Scammell, a Bay Area man who had been accused of insider trading. A civil action by the U.S. Securities and Exchange Commission began with an insider trading charge in 2011; a judgment was issued in that case last month.    The SEC ordered Scammell to disgorge his trading profits and pay interest and civil penalties totaling $800,985.
June 3, 2007 | David Colker, Times Staff Writer
We'll repair your credit, guaranteed! Correct negative information on your reports! Excellent for late payments! -- Credit repair companies, which are rampant on the Internet, appear to be providing a wonderful service. Just imagine -- negative items on your credit report could be wiped out with only a few easy payments. Keep imagining.
April 20, 2014 | By Donie Vanitzian
Question: Our homeowner association's president explained to our board how the budget process actually works. She said: "You start by working out how much you can get out of the homeowners, then you go to the Budget and Reserve Study to figure out how to get that result. The reserve study company will work with us by doing a couple of go-arounds to get us to the result we want. " Am I being naive to think the job of a reserve study company is to come up with realistic numbers, instead of numbers that fit the board's agenda?
Jovita Marquez and Virginia Villa were among the thousands of Southern California Latinos drawn to La Luz de Oro Corp., whose name means "The Light of Gold." At the company's festive sales rallies--marathon sessions mixing evangelism with secular promises of money, cars and homes--the two women were told they could realize their financial dreams if they invested in the telecommunications company, followed its rules and held on to their faith. But faith has given way to anger.
A Northridge doctor and three other physicians have been charged with paying illegal kickbacks to a medical referral firm that is under investigation for workers compensation fraud. The physicians allegedly paid for patient referrals from L.A. Management, a former Sherman Oaks firm under investigation for possibly paying kickbacks to get patients from companies that process workers' compensation claims for some employers and insurers. The investigation of L.A.
April 12, 1992 | From Associated Press
From a British schoolteacher who lost his life savings to a Beverly Hills millionaire who fears he may lose his home, claims are rolling in for the millions forfeited by the Bank of Credit and Commerce International. Gerald Bolton, a Briton living in Qatar, says he had about $100,000 in a savings account at BCCI's home branch in Luxembourg. "This humble petitioner . . . pleads with the court to enable me to retrieve the money I have deposited," Bolton wrote.
Snooping abroad for clues to illicit plots is one of the CIA's primary missions, but the agency disclosed Friday that it had discovered a criminal operation embarrassingly close to home. Joseph P. Romello, 41, an upper-management CIA veteran of 12 years, pleaded guilty Friday to charges that he conspired to defraud the agency and the U.S. government of about $1.2 million, the Justice Department and the CIA announced. Acting on an anonymous tip to CIA Inspector General Frederick P.
September 12, 1996
Movie star Clint Eastwood ruined the career of his former girlfriend, actress Sondra Locke, by getting her a movie development deal in return for calling off a palimony suit, and then using his influence to block her from actually making any films, Locke's attorney contended Wednesday. "This deal with Warner Bros. was a sham.
A professional gambler has been indicted by a federal grand jury in a racetrack scheme that allegedly involved cashing other bettors' tickets and obtaining refunds from false tax returns. The activities of James J. Greulich of Huntington Beach took place at the Del Mar, Santa Anita and Hollywood Park tracks in 1995.
April 14, 2014 | By Jeff Gottlieb
Robert Rizzo, the former top administrator who oversaw an era of corruption in the small, working-class city of Bell, was sentenced to 33 months in federal prison Monday on tax fraud charges. For Rizzo, the sentence is likely the first of two prison terms he will be handed this week. He returns to court Wednesday, when he is expected to be sentenced to 10 to 12 years in prison on corruption-related charges. He was also ordered to pay $256,000 in restitution to the federal government.
April 2, 2014 | E. Scott Reckard
Willful and self-assured, Charles H. Keating Jr. strode through a life of outsized public roles -- anti-pornography crusader, luxury hotel developer, political kingmaker -- on his way to becoming one of the nation's most notorious corporate rogues. The harshest spotlight arrived in 1989 when regulators seized his Lincoln Savings & Loan after years of battles. The failure of the Irvine thrift, which had bankrolled Keating's high-rolling investments, cost the government $3.1 billion, then the costliest bank collapse in U.S. history.
March 21, 2014 | Tina Susman and Jerry Hirsch
A federal judge ratified the landmark deal in the criminal prosecution of Toyota Motor Corp. over safety defects in its vehicles, but not without a tongue-lashing about the "reprehensible picture" of corporate misconduct the automaker displayed. "Corporate fraud can kill," Judge William H. Pauley III said Thursday as Christopher P. Reynolds, the chief legal officer of Toyota Motor North America, stood silently before him in a lower Manhattan courtroom. "I sincerely hope that this is not the end but only a beginning to seek to hold those individuals responsible for making these decisions accountable," Pauley said.
March 19, 2014 | By Chris O'Brien
In a sharply worded letter released Wednesday,  Mike Lynch, former chief executive of Autonomy, has accused Hewlett-Packard of misleading shareholders about the accounting problems it claimed to have uncovered at the British company it acquired in 2011. HP Chief Executive Meg Whitman announced in November 2012 that the company was taking a $5-billion write-down after a whistle-blower had alerted them to widespread fraud at Autonomy. The company referred the matter to a number of U.S. and British regulatory authorities.
March 13, 2014 | By Ricardo Lopez
The U.S. Justice Department used faulty statistics to overstate its mortgage-fraud prosecution efforts and ranked mortgage-fraud last in its list of priorities despite public pledges to combat these types of crimes, an internal watchdog said Thursday.  The 52-page report by the Justice Department's inspector general found that for the fiscal years of 2009 through 2011, the federal law enforcement agency's effort to prosecute mortgage fraud...
March 7, 2014 | By The Times editorial board
For more than a quarter of a century, investors have been able to bring class-action lawsuits against companies that have fraudulently inflated their stock prices without having to prove that each buyer of the stock had been individually duped. Now, industrial giant Halliburton Co. is trying to persuade the Supreme Court to make such lawsuits significantly harder, if not impossible, to bring. That would be a fantastic result for publicly traded companies, but a terrible one for the average investor.
June 24, 2010
Jeffrey Skilling is not an appealing character. As president and chief executive of the energy company Enron, he presided over years of unsavory business transactions and deceitful accounting gimmicks. When the company went bankrupt, leaving thousands of employees and shareholders in the lurch, Skilling was prosecuted, convicted and sentenced to 24 years in prison. But it is often the least sympathetic defendants who end up seeking and winning redress from the U.S. Supreme Court.
May 28, 2010 | Reuters
Kenneth Starr, a New York investment adviser to celebrities such as movie director Martin Scorsese and actor Uma Thurman, was arrested by U.S. agents on Thursday on charges of running an alleged investment fraud of as much as $30 million, prosecutors said. According to an affidavit filed in Manhattan federal court by an Internal Revenue Service agent, Starr ran a complex set of schemes involving his son, his wife, prominent New York Democratic Party politician Andrew Stein and "a former national official of a major political party," and "a partner at a prominent national law firm."
March 5, 2014 | By Jill Cowan
An Orange County official once convicted of election fraud quietly has been stripped of his authority over the county's Registrar of Voters. Labor leaders had expressed outrage that Chief Operating Officer Mark Denny , who pleaded guilty to election fraud in 1996, was given authority over the department tasked with running elections. Denny will keep administrative and budget oversight of the registrar's department, but Registrar of Voters Neal Kelley will now report directly to County Chief Executive Officer Mike Giancola.
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