Ex-Broker Charged for Using Insider Information in Burger King Takover
The $4 billion purchase of Burger King by 3G Capital Partners was announced on September 2, 2010. According to Manhattan U.S.…
fraud
Guilty For Wire Fraud, Ex-Hedge Fund Boss Gets 15 Years
A former hedge-fund manager was sentenced for more than 15 years because he cheated his clients out of $5 million. Aleksander Efrosman, 51,…
NYPD Retirees Indicted for Disability Fraud
More than 100 retirees who worked for the NYPD and NYFD have been charged with fraud. The accused have lived…
Target Reports Credit Card and Debit Card Accounts May Have Been Accessed
Target shoppers are in shock. They are scared, and dont' have a clue what could be next. Target,…
Michael Steinberg Convicted of Conspiracy and Securities Fraud
Michael Steinberg was convicted of conspiracy and securities fraud in federal court. The Stamford, Connecticut-based hedge fund’s SAC Capital Advisors…
The Remark that Won’t Be Heard by the Jury
A judge has ruled in the criminal trial of five former Bernard Madoff employees who are accused of assisting…
In the Gloomy World of Bitcoin, Deceit is Quicker than the Law
The message was sent out on Twitter: "For insane profits come and join the pump." The invitation was to a…
Psychic Falsely Predicts Her Own Death
Infamous celebrity psychic Sylvia Browne died on November 20th at the age of seventy-seven. Browne spent her entire life claiming…
Two Financial Firms Make Sketchy Suit Against Twitter
It’s debatable whether the two financial firms that sued Twitter Wednesday should be taken seriously. They are seeking $124 million…
Carnival Lawsuit Mix-up
A newlywed couple is suing Carnival cruise lines for a cruise they were never even on, according to The Houston…
Billionaire Dallas Mavericks Owner Mark Cuban Testifies in SEC Trial
Mark Cuban, billionaire owner of the Dallas Mavericks testified that he “generally doesn’t agree to treat as confidential information what…
Standard & Poor Calls a U.S. Government Suit Against It Mere “Retaliation”
Standard & Poor sees a whole lot of wrong in the $5 billion fraud lawsuit the U.S. government brought against…