News Topic: White-Collar Crime

In this Tuesday, April 15, 2014, photo, Homeland Security Investigators raid telecommunications and marketing firm TelexFree in Marlborough, Mass. Alan Jung/Associated Press < ... Read full article

Investors who are brave enough to enter the badly bruised energy markets have a chance to buy some of the operations of major U.S. coal players next week. ... Read full article

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Houston-based contract rig operator  Vantage Drilling  Co. filed for bankruptcy protection late Wednesday night after reaching a deal on a debt-for-equity swap with its lenders and bondholders,  The Wall Street Journal reported . Like others in the ... Read full article

Transportation Secretary Anthony Foxx testifies before Congress in March 2014.  Associated Press A bankruptcy trustee sued U.S. ... Read full article

Alpha Natural Resources Inc., one of the largest U.S. coal producers, filed for chapter 11 bankruptcy protection on Monday to cut its more than $3 billion debt load, The Wall Street Journal reported . The Bristol, Va., company will likely sell some of its ... Read full article

Colt Defense LLC filed for chapter 11 bankruptcy protection Sunday night, warning its business is in a fragile state and it needs a quick sale to survive, The Wall Street Journal reports . ... Read full article

Want to place a bet on two Chicago-area horse-racing tracks? Balmoral Park and Maywood Park are going up for sale as part of a deal to end a legal fight with Illinois riverboat casino operators. The casino operators won an $82 million judgment against the ... Read full article

Thomas Hoey Jr., the owner of Long Island Banana Corp., is facing a federal criminal indictment on charges that he looted employee pensions. Patrick Kovarik/Agence France-Pre ... Read full article

Tim Blixseth was ordered to jail for contempt until he accounts for million he owes creditors. ... Read full article

Tony Gutierrez/Associated Press Texas Attorney General Ken Paxton says a plan to sell the RadioShack Corp. ... Read full article

In a 134-page ruling, a federal judge handed  General Motors  Co. a legal victory on Wednesday, ruling the Detroit auto maker can retain a bankruptcy shield that protects it from as much as $10 billion in claims brought by customers seeking damages tied ... Read full article

Plethico Pharmaceuticals Ltd. , which has twice been accused of fraud in connection with a natural products company it sold in bankruptcy, may have once again negotiated its way out of legal trouble. ... Read full article

In this May 6, 2014, file photo, Texas entrepreneur Sam Wyly arrives to U.S. ... Read full article

This week on The Broke and the Beautiful, Teresa Giudice looks “so amazing” in prison, TLC is using Kickstarter to fund their final album, and Timothy Durham was profiled on CNBC true-crime TV show “American Greed.” ... Read full article

A once-prominent Wall Street trader imprisoned in 2005 for embezzling $43 million from Merrill Lynch & Co. recently met the ire of a bankruptcy judge, who refused to let him get rid of his debts through bankruptcy because of repeated lies to the ... Read full article

A proposed payment to Bernard Madoff's cheated investors would allow some to be paid in full about six years after the collapse of Mr. Madoff’s massive fraud. ... Read full article

Nearly $600 million worth of settlements to benefit victims of Bernard Madoff’s massive Ponzi scheme on Wednesday won the blessing of a bankruptcy judge. The Wall Street Journal has the Daily Bankruptcy Review article here . ... Read full article