Aruna's Feed
Apr 24, 2014

U.S. Justice Department seeks over $13 billion from BofA: Bloomberg

By Aruna Viswanatha, Karen Freifeld and Peter Rudegeair

(Reuters) – The U.S. Department of Justice is asking Bank of America Corp (BAC.N: Quote, Profile, Research, Stock Buzz) to pay more than $13 billion to settle allegations the bank overstated the quality of mortgage bonds it sold during the housing bubble, according to Bloomberg News.

Sources familiar with that matter told Reuters on Thursday that discussions were in very early stages, and at least one source said the $13 billion figure is not currently on the negotiating table. CNBC News reported that Bank of America’s mortgage securities settlement could exceed $10 billion.

Apr 23, 2014

Justice Department’s criminal division names new No. 2

WASHINGTON (Reuters) – The U.S. Department of Justice has named Marshall Miller as the new No. 2 official in its criminal division, after a spate of departures thinned its top ranks, according to an internal memo obtained on Wednesday.

Miller, who was most recently chief of the criminal division at the U.S. Attorney’s office in Brooklyn, is now the deputy head of the 600-lawyer criminal division at department headquarters in Washington, said a DoJ memo dated April 17.

Apr 23, 2014

U.S. may charge ex-Blackwater guard with murder for Iraq massacre

WASHINGTON (Reuters) – The U.S. Justice Department is considering charging a former Blackwater Worldwide security guard with murder over his alleged role in a 2007 massacre of unarmed civilians in Baghdad, a federal prosecutor said on Wednesday.

The Justice Department is weighing “all available options” against Nicholas Slatten including first-degree murder, Assistant U.S. Attorney Anthony Asuncion said at a hearing in federal court in Washington.

Apr 23, 2014

U.S. Justice Department announces clemency review of drug offenders

WASHINGTON (Reuters) – The U.S. Justice Department laid out new clemency guidelines on Wednesday that are expected to make thousands of drug offenders eligible for a reduction in the sentences they are currently serving.

Under the new guidelines, inmates that were sentenced under laws that have since changed, have served at least 10 years of their sentence and are nonviolent may be re-examined by the Justice Department and suggested to the president for clemency.

Apr 9, 2014

HP pays $108 mln to settle foreign bribery probes

SAN FRANCISCO/WASHINGTON April 9 (Reuters) – Hewlett-Packard
will pay $108 million and one of its subsidiaries will
plead guilty to bribery charges over its role in a scheme to
secure a contract with a Russian government office, the Justice
Department said on Wednesday.

HP units in Poland and Mexico also resolved criminal charges
related to contracts in those two countries, the department
said.

Apr 8, 2014

Judge criticizes State Department over Blackwater shooting case

WASHINGTON (Reuters) – A federal judge on Tuesday harshly criticized the U.S. State Department over its handling of a 2007 shooting in Baghdad involving Blackwater Worldwide security guards and asked the agency’s watchdog to investigate problems that helped delay a related criminal case.

The prosecution of the former guards, who were charged with manslaughter in the killing of 14 unarmed civilians, has dragged on for years amid problems with evidence.

Apr 8, 2014

U.S. Justice Department wary of Bitcoin, Attorney General says

WASHINGTON, April 8 (Reuters) – The U.S. Justice Department
will have to be creative in order to make sure criminals do not
use virtual currencies such as Bitcoin to secretly move funds,
Attorney General Eric Holder said on Tuesday.

The scrutiny at the highest levels of the Justice Department
comes at a time when investors have flocked to the currencies
but recent incidents have called into question their long-term
viability.

Apr 4, 2014

U.S. probing high-speed trading, attorney general says

WASHINGTON (Reuters) – The U.S. Justice Department is investigating high-speed trading for possible insider trading, Attorney General Eric Holder told lawmakers on Friday.

The disclosure comes the same week that securities regulators and the FBI also confirmed they are looking into potential wrongdoing by high-frequency stock traders.

Apr 2, 2014

Ukraine businessman, Indian official charged in U.S. corruption case

WASHINGTON (Reuters) – Ukrainian industrialist Dmitry Firtash, a member of India’s parliament and four others were indicted by a U.S. grand jury for their suspected role in an international corruption scheme, the U.S. Justice Department said on Wednesday.

The indictment, which was returned under seal in June 2013, was made public on Wednesday, a few weeks after prosecutors said they planned to ask Austria to extradite Firtash.

Apr 2, 2014

Rajya Sabha MP, Ukraine businessman, charged in U.S. corruption case

WASHINGTON (Reuters) – Ukrainian industrialist Dmitry Firtash, a member of India’s parliament and four others were indicted by a U.S. grand jury for their suspected role in an international corruption scheme, the U.S. Justice Department said on Wednesday.

The indictment, which was returned under seal in June 2013, was made public on Wednesday, a few weeks after prosecutors said they planned to ask Austria to extradite Firtash.