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Nov 27, 2014

Protests and fundraising party rub shoulders in Ferguson, Missouri

By Daniel Wallis and Emily Flitter

FERGUSON, Mo. (Reuters) – After days dealing with racially charged unrest roiling his community, the mayor of Ferguson, Missouri, turned to a more relaxing challenge: a “rock ‘em, sock ‘em” table boxing tournament for charity.

Just three blocks from where a dozen protesters stood in the snow outside a police station, demanding the arrest of a white officer who fatally shot an unarmed black teen in August, the scene at Marley’s bar on Wednesday night could hardly have been more different.

Nov 26, 2014

In Ferguson, black residents stand guard at white-owned store

By Emily Flitter

FERGUSON, MO. (Reuters) – Since looting first erupted following the August police shooting of black teenager Michael Brown, nearly all the businesses in a 2 square mile area of this St Louis suburb have had to board up. All except one – a Conoco gas station and convenience store.

At least a dozen stores have been set ablaze and others looted in Ferguson in racially charged riots since a grand jury on Monday cleared white policeman Darren Wilson in the shooting, which has torn apart this predominantly black Missouri city.

Nov 18, 2014

U.S. says debt collector cheated 6,000 people in scheme

NEW YORK, Nov 18 (Reuters) – U.S. authorities arrested seven
people on Tuesday for what they said was a multimillion-dollar
scam by a debt collection company that victimized more than
6,000 people, and a prosecutor said a wider crackdown was
underway.

Williams Scott & Associates LLC wrongly threatened people
with arrest, used aliases such as “Investigator Ace Rogers” and
tried other tricks to collect at least $4.1 million from
consumers whose debt it bought for pennies on the dollar,
prosecutors said.

Nov 18, 2014

U.S. hits Georgia-based debt collector with fraud charges

NEW YORK (Reuters) – Federal authorities announced fraud charges against a Georgia-based debt collection company and seven of its employees on Tuesday, saying they used threats of jail and other hardball tactics to convince more than 6,000 people to cough up money the company said they owed.

According to a criminal complaint filed by federal prosecutors in Manhattan, the company, Williams Scott & Associates, known as WSA, collected more than $4 million by claiming in phone calls to victims that it had been hired by the U.S. government to collect debts and fees for nonexistent offenses like “check fraud.”

Nov 11, 2014

Special Report: For these oil and gas bets, the odds favor the house

NEW YORK (Reuters) – Atlas Energy LP has a deal for investors eager to get in on the U.S. energy boom: Contribute at least $25,000 in a partnership that will drill for oil and gas in Texas, Ohio, Oklahoma and Pennsylvania and then share any revenue from the wells’ output.

Atlas Resources LLC, a subsidiary of the Pittsburgh, Pennsylvania-based energy group, aims to raise as much as $300 million before the offer closes Dec. 31. The company says it will toss in up to $145 million of its own capital, too.

Nov 11, 2014

For these oil and gas bets, the odds favor the house

NEW YORK, Nov 11 (Reuters) – Atlas Energy LP has a deal for investors eager
to get in on the U.S. energy boom: Contribute at least $25,000 in a partnership
that will drill for oil and gas in Texas, Ohio, Oklahoma and Pennsylvania and
then share any revenue from the wells’ output.

Atlas Resources LLC, a subsidiary of the Pittsburgh, Pennsylvania-based
energy group, aims to raise as much as $300 million before the offer closes Dec.
31. The company says it will toss in up to $145 million of its own capital, too.

Oct 31, 2014

Exclusive: American Realty Capital facing criminal probe over accounting – sources

NEW YORK (Reuters) – U.S. authorities have opened a criminal probe of American Realty Capital Properties in the wake of the real estate investment trust’s disclosure that it had uncovered accounting errors, two sources familiar with the matter said on Friday.

The Federal Bureau of Investigation is conducting the investigation along with prosecutors from U.S. Attorney Preet Bharara’s office in New York, the sources said. Further details of the probe could not be learned.

Oct 31, 2014

American Realty Capital facing criminal probe over accounting-sources

NEW YORK, Oct 31 (Reuters) – U.S. authorities have opened a
criminal probe of American Realty Capital Properties in
the wake of the real estate investment trust’s disclosure that
it had uncovered accounting errors, two sources familiar with
the matter said on Friday.

The Federal Bureau of Investigation is conducting the
investigation along with prosecutors from U.S. Attorney Preet
Bharara’s office in New York, the sources said. Further details
of the probe could not be learned.

Oct 15, 2014

Wife of convicted ex-SAC employee petitions to keep cash, home

NEW YORK, Oct 15 (Reuters) – A federal judge in Manhattan
will soon have to weigh in on how the family of a convicted
insider trader should live while the man spends nearly a decade
in federal prison.

The wife of Mathew Martoma, who was caught using secret tips
to trade two stocks while working for SAC Capital Advisors,
asked a court on Wednesday to let her keep the couple’s $2.2
million Florida home and roughly $4.5 million in cash, according
to a filing.

Oct 14, 2014

Ex-Merck analyst faces insider trading charges on merger tips

NEW YORK (Reuters) – Federal criminal prosecutors in New York charged a former Merck & Co Inc employee with conspiracy to commit fraud for tipping a contact about potential mergers, including Merck’s takeover of Idenix Pharmaceuticals ahead of a public announcement in June, according to a court filing on Tuesday.

In charging Zachary Zwerko, the filing referred only to “the pharmaceutical company where he was employed at the time.” But his profile on the business networking site LinkedIn describes him as a former senior analyst for Merck and his lawyer confirmed that Zwerko worked at Merck during the relevant period. The lawyer declined to comment on the case.

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      "Based in New York covering financial crimes, including insider trading, investment scams, accounting fraud and financial firm misconduct."
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