Executive gave tip that launched admissions bribery case

Soccer 03/14/19, 11:45

The biggest school admissions scandal ever prosecuted began with a tip from an executive investigators were targeting in a securities fraud probe, a law enforcement official said Thursday.The executive told Boston authorities chasing down the market manipulation scheme that the women's soccer coach at Yale University said he would label ...

Musk’s lawyers say tweet complied with SEC fraud settlement

Business 03/11/19, 21:17

Tesla CEO Elon Musk should not be found in contempt of court because he has complied with the terms of a securities fraud settlement, his attorneys wrote in documents filed Monday night with the U.S. District Court in Manhattan. Musk's lawyers wrote that a Feb. 19 tweet merely restated prior disclosures ...

Feds probe alleged prison cellphone use by ‘Pharma Bro’

U.S. 03/08/19, 16:29

Federal authorities said Friday they are investigating claims that Martin Shkreli has been running his pharmaceutical company from behind bars using a contraband smartphone.The U.S. Bureau of Prisons told The Associated Press it has opened an inquiry into whether the man nicknamed the "Pharma Bro" violated prison rules forbidding inmates ...

Court ruling against prosecutors a win for indicted Texas AG

U.S. 11/21/18, 13:39

The fate of the long-running criminal case against Texas Attorney General Ken Paxton, who has faced securities fraud charges since 2015, was thrown into further uncertainty Wednesday after a court ruled against prosecutors who have threatened to quit if they're not paid. The decision is a victory for Paxton, a Republican, ...

Texas attorney general favored to win while under indictment

Texas 10/27/18, 12:31

Three years ago, criminal charges against Texas Attorney General Ken Paxton appeared to put his political future in peril.But the Republican enters November's midterm elections favored to win a second a term while remaining under indictment. Paxton has pleaded not guilty to charges of securities fraud over allegations that he ...

Woman convicted of fraud, paid $800K for prayers to thwart charges

U.S. 10/17/18, 12:42

An investment adviser, Dawn Bennett, was convicted Wednesday of charges she defrauded investors out of millions of dollars, some of which she used to pay more than $800,000 for prayers by Hindu priests in India to ward off federal investigators. A federal jury deliberated for roughly four hours over two days ...

Tesla without Musk at the wheel? That’s what the SEC wants

Business 09/28/18, 08:03

Tesla without Elon Musk at the wheel? To many of the electric car maker's customers and investors that would be unthinkable. But that's what government securities regulators now want to see.The Securities and Exchange Commission has asked a federal court to oust Musk as Tesla's chairman and CEO, alleging he ...

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