U.S. Attorney Preet Bharara
Manhattan U.S. Attorney Preet Bharara said Monday that more than 10,000 people whose indirect investments with Bernard Madoff prevented them from eligibility for billions of dollars will get to make claims against a $2.35 billion fund.
U.S. Sen. Charles Schumer (D-N.Y.) said Wednesday that the forfeiture of a Midtown Manhattan office building allegedly controlled by the Iranian government shows the U.S. means business in sanctions against Iran.
U.S. Attorney Preet Bharara told a new state commission Tuesday night that recent corruption in New York state politics infects state and local officials of both major parties, and has reached intolerable proportions.
Three defendants were convicted Tuesday in a scheme to help Long Island Rail Road employees receive disability payments by exaggerating or making up ailments.
Richard Dinizo, 58, of Cortland Manor was arrested Thursday morning and charged with sexual exploitation of a minor and transporting child pornography.
There were three distinct parts to this public corruption and bribery scandal, but in all three money flowed freely and, at times, city and state funds — your tax dollars — paid the freight.
A senior portfolio manager for one of the nation’s largest hedge funds was arrested Friday, accused of making $1.4 million illegally in a widening insider trading probe involving an investment company founded by billionaire businessman Steven A. Cohen.
The three-judge panel of the 2nd U.S. Circuit Court of Appeals in Manhattan did not indicate at Wednesday’s hearing which way it was leaning in the question over Raj Rajaratnam’s freedom.
Fellow police officers packed the courtroom and stood outside to see the accused stand before the judge.
The Galleon Group founder also was fined $10 million. U.S. District Judge Richard J. Holwell announced the sentence after concluding that Rajaratnam made well over $50 million in profits from his illegal trades.
If federal prosecutors have their way, Rajaratnam will get between 19 1/2 and 24 1/2 years in prison for what they say were more than $72 million in profits for himself and his Galleon Group of hedge funds.
Judge Richard Holwell said he wanted to send a warning to Wall Street; but he still gave Chiesi less than the 3 to 4 years that prosecutors had sought.
Hedge fund manager Danielle Chiesi will be sentenced next week after pleading guilty in what prosecutors have said was the biggest hedge fund insider trading probe in history.
The jury that returned a guilty verdict to all charges against a one-time billionaire hedge fund founder proved to have a voracious appetite for the audiotapes of him talking to fellow traders and friends at public companies about stocks he wanted to trade.
A former Wall Street titan was convicted Wednesday of making a fortune by coaxing a crew of corporate tipsters to give him an illegal edge on blockbuster trades in technology and other stocks.