The city of Detroit’s former treasurer has been sentenced to 11 years in prison in a case related to years of pay-to-play corruption under then-Mayor Kwame Kilpatrick.
Jeff Beasley, who was Kilpatrick’s college fraternity brother, apologized Monday but said he didn’t extort anyone while serving as a trustee at Detroit’s pension funds. He was convicted in December, along with two other officials in a scheme to take cash in exchange for approving certain pension fund investments.
A 2011 lawsuit brought by the Securities and Exchange Commission against two former Fannie Mae executives over charges that the Fannie execs misled investors about the quality of subprime mortgages, is over, and it ended with a whimper.
According to a report from the Wall Street Journal, the SEC reached a settlement agreement with Enrico Dallavecchia, Fannie Mae’s former chief risk office, and Thomas Lund, Fannie Mae’s former chief of the single-family operation, for a mere $35,000.
A Phoenix solar company accused of fraud is now required to pay $40,000 in restitution to Arizona customers, authorities said Monday.
Epcon Solar LLC, a Phoenix-based company, is required by a consent judgment filed by Attorney General Mark Brnovich to pay $40,000 in restitution to customers who filed a consumer complaint with the Attorney General’s Office.
WASHINGTON, Sept. 21 (Xinhua) — A new Gallup survey shows that three in four Americans viewed corruption as rife in the U.S. government last year.
Although the percentage was four points lower than that in 2013, when 79 percent of Americans held such perception, it still represented the second highest number in the past seven years, said the survey.
While the numbers fluctuated since 2007, the percentage of Americans who see corruption as pervasive had never dropped under 70 percent with the exceptions in 2007 and 2009, when about two in three Americans held such perception, the survey showed.
Police arrested a man Friday for a string of seemingly random freeway shootings in Phoenix, adding that they had linked the man’s gun to four of the 11 cars hit.
Leslie Allen Merritt Jr., 21, was arrested at a Wal-Mart in Glendale, a suburb west of Phoenix at about 7 p.m., said Daniel Scarpinato, a spokesman for Gov. Doug Ducey.
Department of Public Safety Director Frank Milstead, announcing the arrest at a news conference two hours later, said Merritt had not been formally charged yet.
Washington (CNN)The State Department lacks an ability to police its own staff in matters of human trafficking despite its strong condemnation of the practice, the chairman of the Senate Judiciary Committee said Friday.
In a letter to Secretary of State John Kerry, Sen. Chuck Grassley, R-Iowa, cited allegations from whistleblowers, and a report from the State Department’s own Office of Inspector General this month that said the department is not in a position to completely hold its own employees accountable for human trafficking violations, or to ensure policies are understood and followed.
TRENTON Vladimir Eydelman, 43, a stockbroker formerly of Colts Neck, admitted in federal court Wednesday in participating in a five-year trading scheme in which he used stolen insider information from the office of a prominent international law firm to trade, using tactics that involved writing information on napkins and then chewing the napkins to destroy the evidence.
The scheme yielded net profits of more than $5.6 million, according to the office of U.S. Attorney Paul J. Fishman.
Frank Abagnale is best known for being portrayed by actor Leonardo DiCaprio in the 2002 Steven Spielberg film “Catch Me If You Can.”
But the one-time forger, check-bouncer and workplace infiltrator who left prison to share his expertise with the FBI is also a motivational speaker and cybersecurity adviser.
A local attorney admitted Tuesday that he took part in an unlicensed money transmitting business that illegally conducted nearly $12 million worth of international financial transactions in violation of the Bank Secrecy Act.
In his plea agreement, attorney Richard Medina admitted that he was involved in the operation of a commercial enterprise that collected cash from clients in the United States and transferred the money to points around the world without registering the business with the Secretary of the Treasury, as required by law.
Medina, 39, also pleaded guilty to a conspiracy charge. His sentencing is set for Dec. 7.
RICHMOND — A Fredericksburg man accused of illegally trafficking nearly $14 million in cigarettes has pleaded guilty to money laundering conspiracy.
The U.S. attorney’s office says 33-year-old Steven Chen entered his plea Tuesday in federal court in Richmond. Chen faces a maximum of five years in prison at his sentencing Dec. 18.