Advertisement
YOU ARE HERE: LAT HomeCollectionsPrinceton Newport Partners
IN THE NEWS

Princeton Newport Partners

FEATURED ARTICLES
BUSINESS
January 20, 1989 | SCOT J. PALTROW, Times Staff Writer
Federal prosecutors filed a new racketeering indictment in the Princeton/Newport Partners securities fraud case, increasing the number of felony counts to 68 from 35 and adding charges that the firm's top executives engaged in illegal trading through the U.S. unit of a British investment house. The five officials of Princeton/Newport, a small securities firm with offices in Princeton, N.J., and Newport Beach, were first indicted in August.
ARTICLES BY DATE
BUSINESS
September 9, 1992 | From Times Staff and Wire Reports
Princeton/Newport Sentences Canceled: A federal judge vacated the sentences, including fines and three-month prison terms, of Bruce M. Newberg and Charles M. Zarzecki, the last remaining defendants in the Princeton/Newport Partners securities fraud and racketeering case. Six defendants had been convicted in 1989 in a case based on alleged illegal securities trading to evade taxes. But an appeals court last year overturned the convictions of four of the defendants.
Advertisement
BUSINESS
June 29, 1991 | SCOT J. PALTROW, TIMES STAFF WRITER
A federal appeals court Friday overturned the racketeering convictions of six defendants in a case that marked the first time prosecutors had used the organized crime law in a securities fraud case. In a case involving a defunct securities firm, Princeton/Newport Partners, the U.S. 2nd Circuit Court of Appeals in New York also threw out numerous counts of tax fraud. But it upheld the six defendants' convictions on a conspiracy count, as well as securities fraud charges against two.
BUSINESS
January 9, 1992 | From Times Staff and Wire Reports
Securities Charges to Be Dropped: Federal prosecutors said they will drop remaining charges against four principals of a New Jersey investment firm whose racketeering convictions were overturned. A federal appeals court threw out the racketeering convictions of the Princeton/Newport Partners principals and ordered a retrial on tax charges. Prosecutors said they were dropping a separate but related indictment against Bruce Newberg, a former Drexel Burnham Lambert Inc.
BUSINESS
January 9, 1992 | From Times Staff and Wire Reports
Securities Charges to Be Dropped: Federal prosecutors said they will drop remaining charges against four principals of a New Jersey investment firm whose racketeering convictions were overturned. A federal appeals court threw out the racketeering convictions of the Princeton/Newport Partners principals and ordered a retrial on tax charges. Prosecutors said they were dropping a separate but related indictment against Bruce Newberg, a former Drexel Burnham Lambert Inc.
BUSINESS
September 9, 1992 | From Times Staff and Wire Reports
Princeton/Newport Sentences Canceled: A federal judge vacated the sentences, including fines and three-month prison terms, of Bruce M. Newberg and Charles M. Zarzecki, the last remaining defendants in the Princeton/Newport Partners securities fraud and racketeering case. Six defendants had been convicted in 1989 in a case based on alleged illegal securities trading to evade taxes. But an appeals court last year overturned the convictions of four of the defendants.
BUSINESS
December 9, 1988 | SCOT J. PALTROW and ERIC SCHINE, Times Staff Writers
Princeton/Newport Partners, the small securities firm whose senior officials face racketeering charges in an investigation linked to the federal inquiry into Drexel Burnham Lambert Inc., said it will go out of business. Paul R. Grand, a lawyer representing one of the indicted officials, said the firm was "winding up its operations" because of the impact the indictment has had on its business. Five partners of Princeton/Newport were indicted Aug. 4 in an investigation launched by Rudolph W.
BUSINESS
August 12, 1988 | SCOT J. PALTROW, Times Staff Writer
Five officials of Princeton/Newport Partners and a former bond trader with Drexel Burnham Lambert pleaded not guilty Thursday in Manhattan to federal racketeering charges. Lawyers for the officials of Princeton/Newport, an investment partnership, used the occasion of the officials' arraignment to issue a harsh denunciation of federal prosecutors. Since the five were indicted Aug.
BUSINESS
June 29, 1991 | SCOT J. PALTROW, TIMES STAFF WRITER
A federal appeals court Friday overturned the racketeering convictions of six defendants in a case that marked the first time prosecutors had used the organized crime law in a securities fraud case. In a case involving a defunct securities firm, Princeton/Newport Partners, the U.S. 2nd Circuit Court of Appeals in New York also threw out numerous counts of tax fraud. But it upheld the six defendants' convictions on a conspiracy count, as well as securities fraud charges against two.
BUSINESS
November 7, 1989 | SCOT J. PALTROW, TIMES STAFF WRITER
In a case that caused a storm of controversy over the use of the harsh federal racketeering law in white-collar crime cases, a federal judge Monday imposed brief prison sentences on five former officials of Princeton/Newport Limited Partners and a former trader for Drexel Burnham Lambert Inc.
BUSINESS
October 24, 1989 | JOHN RILEY, NEWSDAY
The U.S. Department of Justice for a second time has taken steps to rein in tactics in racketeering prosecutions that sparked controversy during Wall Street corruption cases brought by former Manhattan U.S. Attorney Rudolph W. Giuliani. According to a newly disclosed Justice Department internal memo, criminal division chief Edward S. G.
BUSINESS
September 13, 1989 | From Associated Press
The six defendants convicted of unlawful securities trading in the Princeton-Newport Partners LP case have asked a federal judge to overturn the verdict on the grounds that the trading was legal. In a memorandum filed Monday with U.S. District Judge Robert L. Carter, attorneys for the defendants also argued that the racketeering statute they were convicted under is "unconstitutionally vague." Five former partners in the defunct investment firm and a former Drexel Burnham Lambert Inc.
BUSINESS
August 3, 1989 | SCOT J. PALTROW, Times Staff Writer
A federal jury said Wednesday that the six defendants found guilty in the Princeton/Newport Limited Partners securities fraud trial should forfeit $3.8 million to the government under the racketeering law, far less than the $22 million that prosecutors had demanded. But U.S. District Judge Robert L. Carter said he almost certainly will overturn the jury's findings and grant the prosecutors' request for the full $22 million.
BUSINESS
September 23, 1988 | SCOT J. PALTROW, Times Staff Writer
In the first court hearing in the Securities and Exchange Commission's insider trading lawsuit against Drexel Burnham Lambert Inc., lawyers in U.S. District Court in Manhattan on Thursday haggled over rules for interviewing witnesses and gathering documents.
BUSINESS
January 20, 1989 | SCOT J. PALTROW, Times Staff Writer
Federal prosecutors filed a new racketeering indictment in the Princeton/Newport Partners securities fraud case, increasing the number of felony counts to 68 from 35 and adding charges that the firm's top executives engaged in illegal trading through the U.S. unit of a British investment house. The five officials of Princeton/Newport, a small securities firm with offices in Princeton, N.J., and Newport Beach, were first indicted in August.
BUSINESS
August 1, 1989 | SCOT J. PALTROW, Times Staff Writer
Federal agents in 1988 raided the New Jersey offices of Princeton/Newport Limited Partners and seized tape recordings of telephone conversations that the firm routinely made to verify the accuracy of trades. Excerpts of the tapes made up a big part of the prosecution's racketeering case against five Princeton/Newport executives and a former Drexel Burnham Lambert Inc. trader.
BUSINESS
August 1, 1989 | SCOT J. PALTROW, Times Staff Writer
A jury convicted the six defendants in the Princeton/Newport Limited Partners securities fraud trial on nearly all counts, giving federal prosecutors a decisive victory in their drive to apply the criminal racketeering statute to the securities industry. Five senior officials of the small securities trading partnership and a former Drexel Burnham Lambert Inc. trader were convicted in U.S. District Court in Manhattan following a monthlong trial. The jury had deliberated for just over two days.
Los Angeles Times Articles
|