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Aug 28, 2015

Man linked to JPMorgan hacking in talks to resolve U.S. case -filing

NEW YORK (Reuters) – A Florida man accused of running an
unlicensed bitcoin exchange and who is among five defendants
linked to last summer’s massive data breach at JPMorgan Chase &
Co is in talks to resolve his criminal case, according
to court papers filed Friday.

In a court filing in federal court in Manhattan, a
prosecutor said Yuri Lebedev, one of two men charged with
operating the bitcoin exchange service, was in discussions
“regarding a possible disposition of this case.”

Aug 27, 2015

Ex-Rabobank traders seek dismissal of U.S. charges over Libor scheme

NEW YORK, Aug 27 (Reuters) – Two former Rabobank
traders urged a U.S. judge on Thursday to dismiss an indictment
accusing them of engaging in a scheme to manipulate Libor, the
benchmark interest rate at the center of a global investigation
into misconduct at several banks.

Lawyers for Anthony Allen and Anthony Conti told a Manhattan
federal judge that prosecutors could not show the British
citizens’ compelled testimony to a U.K. regulator was not used
against them despite U.S. rights against self-incrimination.

Aug 27, 2015

U.S. prosecutors join probe into New York inmate’s death

NEW YORK (Reuters) – Federal prosecutors have joined an investigation into the death of a New York prison inmate who was involved in a confrontation with guards in April.

Manhattan U.S. Attorney Preet Bharara said on Thursday that his office was working with the local district attorney in Dutchess County, New York, to investigate the April 21 death of Samuel Harrell at the Fishkill Correctional Facility.

Aug 27, 2015

N.Y. man convicted of trying to buy ricin ‘death pills’ online

NEW YORK (Reuters) – A New York man was found guilty on
Thursday of trying to buy the deadly toxin ricin on a secretive
online black market with plans to sell it in the form of “simple
and easy death pills.”

A Manhattan federal jury found Cheng Le, 22, guilty on three
counts including attempting to possess a biological toxin for
use as a weapon for trying to buy ricin from an undercover FBI
employee posing as a vendor on a website called Evolution.

Aug 26, 2015

Ex-CEO hid antiques sale money while owing SEC millions: U.S.

NEW YORK (Reuters) – A one-time chief executive at a maker
of high-definition television displays was arrested on Wednesday
for pocketing $657,000 from the sale of antiques, rather than
using it to help pay a judgment obtained by U.S. regulators for
illegal stock sales.

Robert Olins, a former CEO of SpatiaLight Inc, was arrested
in West Hartford, Connecticut, as federal prosecutors in
Manhattan unveiled a criminal complaint accusing him of
obstructing justice and engaging in bank fraud.

Aug 25, 2015

U.S. arrests CEO, employees of largest online male escort service

NEW YORK (Reuters) – U.S. authorities on Tuesday announced the arrest of the chief executive officer and six employees of, which prosecutors described as the largest online male escort service. CEO Jeffrey Hurant and the employees were charged in a criminal complaint filed in federal court in Brooklyn, New York, with conspiring to violate the Travel Act by promoting prostitution.

Aug 24, 2015

RBS loses bid to toss U.S. regulator’s mortgage bond lawsuit

Aug 24 (Reuters) – Royal Bank of Scotland Group Plc
has lost a bid to escape a U.S. regulator’s lawsuit accusing it
of misleading Fannie Mae and Freddie Mac into buying $32 billion
of mortgage-backed securities ahead of the financial crisis.

U.S. District Judge Alvin Thompson in Hartford, Connecticut,
on Friday rejected the bank’s bid to dismiss the lawsuit by the
Federal Housing Finance Agency, the conservator for Fannie and
Freddie since their government takeover in 2008.

Aug 21, 2015

Arab Bank says report of $1 bln settlement is ‘inaccurate’

NEW YORK (Reuters) – Arab Bank Plc on Friday
described as “inaccurate” a report that it would pay “slightly
more” than $1 billion to settle litigation brought by hundreds
of Americans who accused it of facilitating militant attacks in

Citing an unnamed lawyer with knowledge of the settlement,
the trade magazine The American Lawyer reported that Arab Bank
had agreed to pay “slightly more than $1 billion” to settle.

Aug 21, 2015

Argentina urges U.S. appeals court to toss debt class-action ruling

By Nate Raymond

(Reuters) – A U.S. appeals court on Friday signaled it might
reverse a judge’s decision that expanded a class action of
bondholders suing Argentina over debt in default since 2002.

Members of a three-judge panel of the 2nd U.S. Circuit Court
of Appeals in New York showed discomfort with a federal judge’s
decision to expand the class action over a series of
euro-denominated bonds to cover anyone who held them instead of
just continuous holders of the debt.

Aug 20, 2015

Ex-head of New York bank sentenced to 2-1/2 years prison for TARP fraud

NEW YORK (Reuters) – A former president of a failed New York
bank was sentenced to 2-1/2 years in prison on Thursday after
becoming the first person to be convicted for trying to defraud
the U.S. government bailout program established during the
financial crisis.

Charles Antonucci, Park Avenue Bank’s former president, was
ordered to serve prison time by U.S. District Judge Naomi Reice
Buchwald despite cooperating with authorities, who ultimately
charged three other people.