News Topic: White-Collar Crime

A federal appeals court recently overturned two of multiple fraud counts against the former chief executive of a bankrupt Indiana investment firm after prosecutors didn’t back up the charges with evidence. Timothy Durham, the former chief executive of ... Read full article

A bankruptcy judge said he would allow Jon S. Corzine and other former MF Global Holdings Ltd. executives and employees to tap the rest of their insurance money to pay for defense costs, but he is “concerned” with how quickly the money is being ... Read full article

Jacobsen Rugs in downtown Syracuse, N.Y., which has been selling oriental rugs since before the Depression, filed for bankruptcy and plans sell off the more than 2,000 rugs it has left before shutting down for good. And this time, they mean it. In 2011, ... Read full article

The Federal Deposit Insurance Corp. and  Bank of America  Corp. have settled their long-running battle over who is ultimately responsible for losses tied to the sale of mortgage securities to more than two dozen failed banks. Read the Daily Bankruptcy ... Read full article

Creditors threatened with big losses in Energy Future Holdings Corp.’s bankruptcy case are demanding answers about the tax issues they say are driving the big Dallas power seller’s strategy for restructuring its $42 billion debt load. Read the Daily ... Read full article

In this July 27, 2009, photo, Scott Rothstein is shown in his former office. Associated Press More than four years after Scott Rothstein’s ... Read full article

This week on The Broke and the Beautiful, there may soon be some sweet news for Crumbs Bake Shop , and a jury said the Dodgers were partially responsible for the beating of a San Francisco Giants fan. Also, Joe Francis won’t give up the keys to two fancy ... Read full article

A bankruptcy auction is still weeks away, but the price of Optim Energy’s Twin Oaks power plant continues to jump, with Texas giant Energy Future Holdings Corp. signaling it could go as high as $87.5 million for the facility. Read the Daily Bankruptcy ... Read full article

Melanie Cohen Crumbs Bake Shop Inc . notified employees Monday that it would be closi ... Read full article

A South Florida lawyer on Friday received a 30-month prison sentence, the consequences of getting mixed up with Ponzi-scheme operator Scott Rothstein. Russell Adler, one of three name partners in the now-defunct law firm Mr. Rothstein founded, received ... Read full article

A former law partner of Ponzi-scheme operator Scott Rothstein pleaded guilty to a criminal charge this week. With Stuart Rosenfeldt’s guilty plea, to a count of criminal conspiracy, all three name partners of the now-defunct Florida law firm Rothstein ... Read full article

A Minnesota liberal arts college that was once a beneficiary of Tom Petters’s largesse will return $600,000 of the $3 million it received. ... Read full article

This week on The Broke and the Beautiful, we’ve got more details on Lenny Dykstra’s upcoming biopic, and investors in ex-teammate Curt Schilling’s 38 Studios see some love in Rhode Island’s budget.  Also, a bankruptcy trustee is asking a judge to hold Joe ... Read full article

Marc Dreier Associated Press In the 5 1/2 years since attorney Sheila Gowan began liquidating Marc Dreier’s former law firm, she’s collected $79 million to help repay the de ... Read full article

This week on The Broke and the Beautiful, BottleRock is back from rock bottom , and Denis Leary is aiding Detroit firefighters. Also, an injured baseball fan is still looking for compensation from the Los Angeles Dodgers. ... Read full article

TelexFree LLC has come under siege in recent weeks by federal prosecutors and securities regulators, which have alleged the company is behind a $1 billion-plus pyramid scheme.  Now, the beleaguered company faces the daunting challenge of notifying ... Read full article

Federal bankruptcy monitors have named seven creditors to the influential panel that will speak for unsecured creditors in the $42 billion bankruptcy of Energy Future Holdings Corp. Read the Daily Bankruptcy Review article here . ... Read full article

Nathan Denette/Associated Press With $7.3 billion up for grabs, Nortel 's ... Read full article