Jeremy's Feed
Mar 2, 2011

Ex-Colonial Bank exec pleads guilty in fraud case

WASHINGTON, March 2 (Reuters) – A former Colonial Bank
executive pleaded guilty on Wednesday for her role in covering
up one of the largest frauds stemming from the recent mortgage
crisis, which contributed to the collapse of the institution
and Taylor, Bean & Whitaker Mortgage Corp.

Catherine Kissick, 50, who was head of Colonial Bank’s
Mortgage Warehouse Lending Division, pleaded guilty to one
count of conspiracy to commit bank, securities and wire fraud
in a federal court in Virginia.

Mar 1, 2011

Man tied to Mexico shooting of U.S. agent arrested

WASHINGTON (Reuters) – U.S. authorities arrested a Texas man who had originally bought one of the guns used in a shooting in Mexico that killed a U.S. Immigration and Customs Enforcement agent and wounded a second agent, the Justice Department said on Tuesday.

Otilio Osorio, 22, was arrested with his brother Ranferi Osorio, 27, for illegally possessing firearms with obliterated serial numbers, but no charges were included in the complaint related to the shooting of the agents in Mexico last month.

Feb 24, 2011

Ex-Taylor, Bean exec pleads guilty in fraud case

, Feb 24 (Reuters) – The former treasurer of
bankrupt Taylor, Bean & Whitaker Mortgage Corp, Desiree Brown,
pleaded guilty on Thursday to conspiracy for one of the biggest
fraud cases so far stemming from the U.S. mortgage meltdown.

Brown, who eventually rose to become the treasurer from
being a receptionist at the large, private mortgage firm, has
agreed to cooperate with prosecutors as they pursue criminal
charges against the former chairman of TBW, Lee Farkas.

Feb 24, 2011

Saudi charged in U.S. bomb plot, Bush possible target

WASHINGTON (Reuters) – A 20-year-old Saudi student has been arrested in Texas in a bomb plot that may have targeted former President George W. Bush and nuclear plants, U.S. authorities said on Thursday.

Khalid Ali-M Aldawsari, who was admitted into the United States in 2008 on a student visa and was attending college in Lubbock, Texas, was arrested on Wednesday by FBI agents, the Justice Department said.

Feb 23, 2011

Obama pulls defense for law banning gay marriage

WASHINGTON (Reuters) – President Barack Obama has determined that a federal law that barred gay marriages was unconstitutional and told government lawyers to stop defending it, the Justice Department said on Wednesday, a major reversal that quickly angered conservatives.

A U.S. judge in Boston ruled in 2010 that a key provision of the 1996 Defense of Marriage Act (DOMA) banning gay marriages was unconstitutional, but the Obama administration appealed, stating that it was obligated to defend U.S. laws.

Feb 22, 2011

Ex-U.S. mortgage exec to plead to criminal charges

WASHINGTON, Feb 22 (Reuters) – The former treasurer of the
now-defunct Taylor, Bean & Whitaker Mortgage Corp, Desiree
Brown, is set to enter a plea agreement to federal criminal
charges on Thursday, according to court records released on
Tuesday.

No details of the criminal charges were available but U.S.
Judge Leonie Brinkema has scheduled a hearing for 9:15 a.m.
(1415 GMT) on Thursday in the U.S. District Court for the
Eastern District of Virginia. Such hearings are typically held
when a defendant is expected to plead guilty.

Feb 15, 2011

Assange associates fight records request in U.S.

, Feb 15 (Reuters) – U.S. prosecutors on
Tuesday clashed in federal court with associates of WikiLeaks
founder Julian Assange over a request for their Internet
records in a probe into the leaking of secret U.S. diplomatic
messages.

Prosecutors in Virginia obtained a court order on Dec. 14
requiring the social media site Twitter to turn over records
for Assange, U.S. Army intelligence analyst Bradley Manning who
is suspected of the leak and several others.

Feb 14, 2011

Homeland security budget gets small budget boost

WASHINGTON (Reuters) – The Obama administration on Monday proposed a nearly 2 percent increase for the U.S. homeland security budget for 2012, one the few areas of the budget that will likely see a boost as the White House battles a ballooning deficit.

Its 2012 budget proposal requests $43.8 billion to spend on homeland security across the entire federal government, excluding the Defense Department, up $800 million from 2011.

Feb 14, 2011

U.S. homeland security budget gets small budget boost

WASHINGTON, Feb 14 (Reuters) – The Obama administration on
Monday proposed a nearly 2 percent increase for the U.S.
homeland security budget for 2012, one the few areas of the
budget that will likely see a boost as the White House battles
a ballooning deficit.

Its 2012 budget proposal requests $43.8 billion to spend on
homeland security across the entire federal government,
excluding the Defense Department, up $800 million from 2011.

Feb 11, 2011
via Tales from the Trail

FBI releases files on ex-Senator Stevens, little on corruption case

Photo

The FBI released some of its expansive files on former Alaska Senator Ted Stevens who died last year in a plane crash, offering tidbits about threats against him, accusations of corruption and some correspondence he had with the FBI.

There was very little in the thousands of pages about the federal corruption investigation into Stevens beyond press clippings and court filings previously made public. The senator was initially convicted by a jury in October 2008 but the case was later dropped after a federal judge found that federal prosecutors withheld critical evidence from Stevens’ defense team.

    • About Jeremy

      "Legal correspondent. Previously has covered the White House, U.S. political campaigns, Congress, the Federal Communications Commission, and the U.S. economy. Launched and directed the "Tales from the Trail: 2008" Reuters campaign blog, the predecessor to Reuters' "Front Row Washington" blog."
      Hometown:
      Kansas City, MO
      Joined Reuters:
      1999
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