NEW YORK (Reuters) – A U.S. judge set a May 19 trial date on Tuesday for conservative commentator Dinesh D’Souza to face charges he used straw donors to make illegal contributions to a U.S. Senate candidate in New York in 2012.
D’Souza, a former policy adviser to President Ronald Reagan and the author of several best-selling books, was indicted in January on one count of making illegal contributions in the names of others, and one count of causing false statements to be made.
NEW YORK (Reuters) – Radical Islamist cleric Abu Hamza al-Masri plans to testify in his own defense at his trial on terrorism charges in New York in April, according to a letter to the judge overseeing his case.
In a five-page hand-written letter made public on Thursday, al-Masri told U.S. District Judge Katherine Forrest he was “surprised” no one had told her of his plans.
NEW YORK, Feb 27 (Reuters) – Former hedge fund manager Lloyd
Barriger was sentenced to 5-1/2 years in prison Thursday after
admitting to defrauding investors in a $12 million scheme.
Barriger, who operated the now-defunct Gaffken & Barriger in
Monticello, New York, was sentenced more than five years after
the hedge fund collapsed under the weight of failed real estate
NEW YORK (Reuters) – Societe Generale has agreed to pay $122 million to settle a lawsuit by a U.S. regulator accusing the bank of misleading Fannie Mae and Freddie Mac in the purchase of mortgage-backed securities.
The settlement, announced by the Federal Housing Finance Agency (FHFA) on Thursday, marked the eighth to date by the FHFA, which in 2011 filed 18 lawsuits over some $200 billion in mortgage-backed securities that were at the heart of the 2008 financial crisis.
Feb 26 (Reuters) – A former UBS AG banker pleaded
guilty on Wednesday to conspiring to defraud the United States
by helping wealthy Americans evade taxes.
Martin Lack, a 51-year-old Swiss resident, pleaded guilty in
federal court in Fort Lauderdale, Florida to a single conspiracy
count in a 2011 indictment stemming from a broad U.S. probe of
offshore banking activities.
NEW YORK, Feb 21 (Reuters) – A former senior managing
director at Evercore Group was charged on Friday with
securities fraud and other violations for setting up trades in
accounts held by an ex-girlfriend and a close relative based on
secret information he collected at work, according to a court
Frank Perkins Hixon Jr., 55, was arrested on Friday morning,
according to a Federal Bureau of Investigation spokesman. He was
charged with five counts of securities fraud, two counts of
securities fraud in connection with a tender offer and one count
of making a false statement.
NEW YORK (Reuters) – A judge on Thursday weighed the limits of the Securities and Exchange Commission’s ability to punish former Goldman Sachs Group Inc trader Fabrice Tourre, including whether the agency could block him from asking the bank to cover any penalties.
At a hearing in New York, District Judge Katherine Forrest grappled with the SEC’s request that Tourre pay $1.15 million after a jury found him liable for fraud in one of the highest-profile trials to spill out of the financial crisis.
NEW YORK, Feb 20 (Reuters) – A U.S. judge on Thursday
weighed the limits of the U.S. Securities and Exchange
Commission’s ability to punish former Goldman Sachs Group Inc
trader Fabrice Tourre, including whether the agency could
block him from asking the bank to cover any penalties.
At a hearing in New York, U.S. District Judge Katherine
Forrest grappled with the SEC’s request that Tourre pay $1.15
million after a jury found him liable for fraud in one of the
highest-profile trials to spill out of the financial crisis.
NEW YORK (Reuters) – A U.S. judge on Wednesday briefly delayed the upcoming trial of a son in law of Osama bin Laden on terrorism-related charges so his lawyers could submit written questions to accused September 11 mastermind Khalid Sheikh Mohammed.
U.S. District Judge Lewis Kaplan in Manhattan postponed jury selection from February 24 to March 3 after agreeing to a deal between the U.S. government and lawyers for Suleiman Abu Ghaith to allow the submission of hundreds of questions to Mohammed. Mohammed is being held at the U.S. military prison at Guantanamo Bay, Cuba.
NEW YORK (Reuters) – Royal Bank of Scotland Group Plc (RBS.L: Quote, Profile, Research) has agreed to pay $275 million (164 million pounds) to resolve a U.S. lawsuit accusing it of misleading investors in mortgage-backed securities, lawyers for the plaintiffs said on Wednesday.
The accord, which must be approved by a federal judge in New York, is the third-largest settlement in a U.S. class action against banks that packaged and sold mortgage securities that were at the heart of the 2008 financial crisis.