Visteon judge rejects insider bonuses, approves incentives for lower managersOctober 7th, 2009 Visteon judge rejects bonuses for top officersWILMINGTON, Del. — A Delaware bankruptcy judge has rejected a request by auto parts supplier Visteon Corp.
SEC sues Mich. man accused of raising millions in fraudulent scheme involved 1,200 investorsSeptember 30th, 2009 SEC sues Mich. man linked to alleged Ponzi schemeDETROIT — Federal regulators are suing a Detroit-area man who is accused of soliciting millions for the leader of a $250 million financial scam.
US freezes assets of 2 NKorean entities for alleged nuclear and missile activitySeptember 8th, 2009 US freezes assets of 2 NKorean entitiesWASHINGTON — The United States has moved to freeze the assets of two North Korean entities for alleged involvement in the country's nuclear and missile programs. The State Department said Tuesday it was taking the action against the North Korea's General Bureau of Atomic Energy (GBAE) and the Korea Tangun Trading Corp., essentially isolating them from the U.S.
US freezes assets of 6 Mexicans for ties to firm that allegedly sent meth precursor to cartelSeptember 3rd, 2009 US sanctions 6 Mexicans accused of meth trade tiesMEXICO CITY — The U.S. Treasury Department has imposed sanctions on six Mexicans linked to a pharmaceutical company that allegedly diverted precursor chemicals to a methamphetamine trafficking gang.
Iowa judge moves trial for managers of kosher slaughterhouse that was site of immigration raidSeptember 1st, 2009 Iowa judge moves trial of slaughterhouse managersIOWA CITY, Iowa — A federal judge has moved the trial of four former managers of a kosher slaughterhouse that was the site of a massive immigration raid last year from Cedar Rapids, Iowa, to Sioux Falls, S.D. U.S. District Court Judge Linda Reade ruled Tuesday that the "prodigious" amount of negative pretrial publicity about Agriprocessors, Inc., and former top manager Sholom Rubashkin caused potential jurors to develop a bias against them.
Asset freeze stays put at 2 Detroit-area firms accused of orchestrating $53M Ponzi schemeAugust 4th, 2009 Asset freeze stays put in $53M Mich. fraud caseDETROIT — A judge has kept an asset freeze in place at two Detroit-area financial firms where managers are accused of orchestrating a $53 million Ponzi scheme.
Judge says Detroit bank robber was 'outstanding' before crimes, orders just 2 years in prisonJuly 29th, 2009 Detroit man says stress led him to rob banksDETROIT — A Detroit man who said he started robbing banks to pay for his mother's plumbing was sentenced Tuesday to two years in prison, a lenient term from a judge who said the defendant had been an "outstanding citizen" before his crime spree. Prosecutors wanted U.S.
SEC freezes assets of Dallas company accused of oil and gas-themed Ponzi schemeJuly 7th, 2009 SEC freezes assets of Dallas companyDALLAS — Federal regulators have frozen the assets of a company accused of running a $485 million Ponzi scheme centered on the oil and gas industry. In a statement issued Tuesday, the Securities and Exchange Commission says the scheme was orchestrated by three Dallas businessmen through a company called Provident Royalties LLC.
Federal judge freezes Calif. financier Danny Pang's assets during SEC fraud investigationJune 30th, 2009 Judge freezes Pang's assets during SEC probeLOS ANGELES — A federal judge has temporarily frozen the assets of a Southern California financier while he is under investigation by the Securities Exchange Commission. The judge on Monday ordered Danny Pang, who is accused of defrauding investors in his Private Equity Management Group companies, to repatriate any assets sent overseas and turn over his passports.
Judge gives final approval to GM's use of bankruptcy financingJune 25th, 2009 Judge gives final OK to bankruptcy financingNEW YORK — A bankruptcy judge says GM can have access to its full $33.3 billion in bankruptcy financing. Judge Robert Gerber gave final approval to the financing on Thursday.
Bankruptcy judge OK's GM motion to terminate aircraft leasesJune 18th, 2009 Judge approves termination of GM aircraft leasesNEW YORK — A bankruptcy judge ruled Thursday that General Motors Corp. can terminate its aircraft leases as part of its ongoing restructuring.
Trustee sues overseas money manager, saying should have known about Madoff schemeMay 12th, 2009 Trustee sues money manager in Madoff caseNEW YORK — The trustee overseeing the liquidation of disgraced financier Bernard Madoff's assets has sued another investment fund. The lawsuit filed Tuesday in bankruptcy court in Manhattan accused the Harley International Ltd.
Judge upholds right of Detroit reporter refusing to ID sources in story on prosecutorApril 21st, 2009 Judge upholds right of reporter not naming sourcesDETROIT — A federal judge has upheld the right of a Pulitzer Prize-winning Detroit newspaper reporter to invoke the Fifth Amendment and refuse to reveal his sources in a story about a terrorism prosecutor. David Ashenfelter of the Detroit Free Press appeared at a deposition Tuesday at the federal courthouse.
28 jailed in Beijing investment scamMarch 23rd, 2009 BEIJING - Twenty-eight people were jailed Monday by a Beijing court that found them guilty of running an investment scam that defrauded over 22,000 investors. The accused, who all worked for the Yilin Wood Company, were alleged to have defrauded more than 22,000 investors of 1.68 billion yuan ($246 million) by promising high returns on sales of forestry plantations.
Cash-for-judge scam: CBI seeks more time to complete probeFebruary 9th, 2009 CHANDIGARH - The Central Bureau of Investigation (CBI) Tuesday sought more time to complete the probe into the alleged delivery of Rs.1.5 million at the residence of a Punjab and Haryana High Court judge last year, in what came to be known as the cash-for-judge scam. The CBI submitted its status report of the inquiry in a city court here.
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