Recent Updates
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Mexico's Supreme Court overturns state anti-corruption laws
Financial 09/07/2016Mexico's Supreme Court has ruled unconstitutional two state anti-corruption laws that outgoing governors passed in apparent attempts to shield themselves from investigation. Many Mexicans were outraged when the governors of the states of Veracruz and...
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Man recounts harrowing Uber ride with Kalamazoo suspect
Financial 02/19/2016An Uber passenger says he called the police to report an erratic driver more than an hour before authorities allege the driver began shooting people at random, killing six and wounding two others before being arrested. Matt Mellen told WWMT-TV in Kal...
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Court quashes some District of Columbia gun laws
Financial 09/20/2015In a mixed decision, a federal appeals court on Friday struck down as unconstitutional several strict gun registration laws in the nation's capital, but upheld other restrictions aimed at public safety. The U.S. Court of Appeals for the Distri...
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NYC sues roll-your-own cigarette shops over taxes
Financial 11/21/2011There is no place in the U.S. more expensive to smoke than New York City, where the taxes alone will set you back $5.85 per pack. Yet, addicts who visit Island Smokes, a "roll-your-own" cigarette shop in Chinatown, can walk out with an entire 10-pack...
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Charges In $140 Million NY Brokerage Fraud
Financial 07/08/2009According to Court Watch, six employees of Sky Capital Holdings Ltd turned themselves into the FBI today on charges of $140 million stock manipulation and investment fraud in the United States and Great Britain. Those in custody include the firm's fo...
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IRS Procedures that May Save you Money
Financial 02/03/2009Many companies are experiencing a downturn in business because of the deepening economic crisis. Corporations suffering in today’s difficult business environment may have an immediate need for funds for various purposes, including continued operation...
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Turkey Stole Insurance Money From Genocide Victims
Financial 09/17/2008After killing an estimated 1.5 million Armenians during World War I, the government of Turkey had the nerve to demand the benefits from its victims' insurance policies, the victims' descendants say in a class action against four British insurance com...
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Receiver Says Moviemaker Defrauded Bayou Hedge Fund
Financial 09/16/2008Kroll Inc., the court-appointed receiver for the defunct Bayou Hedge Fund, sued movie producer Steven Brown, claiming he used more than $3 million that should have gone to repay Bayou's investment in a new movie. Kroll also sued the attorney who help...
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Bear Stearns Will Pay $28 Million
Financial 09/10/2008Bear Stearns and subsidiary EMC Mortgage on Tuesday agreed to pay $28 million in settlement with the Federal Trade Commission, on charges of defrauding tens of thousands of home loan customers and violating four sets of federal laws. "The companies v...
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Janus Shells Out $18 Million, on SEC Orders
Financial 08/19/2008Janus Capital Management, an investment advisor to Janus Mutual Funds, reimbursed $18 million to more than 325,000 defrauded shareholders late last week as a first step in paying back more than $100 million, as ordered by the Securities and Exchange ...