Madoff trustee wins court fight over Picower settlement
NEW YORK (Reuters) - Two former investors with Bernard Madoff cannot pursue claims against the estate of a Florida businessman who was one of the convicted swindler's biggest clients, a...
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Judge approves American Air-Cantor Fitzgerald Sept 11 settlement
NEW YORK (Reuters) - A federal judge on Monday approved a $135 million settlement between American Airlines Group Inc and Cantor Fitzgerald over business and property losses suffered by the...
In U.S. justice system, the strip-search is common practice
NEW YORK (Reuters) - The arrest in New York of Indian diplomat Devyani Khobragade has provoked anger and outrage, especially because she underwent a strip search that some in her...
U.S. prosecutor defends treatment of Indian diplomat
NEW YORK (Reuters) - The U.S. attorney in Manhattan defended on Wednesday the treatment of an Indian diplomat who was strip-searched after her arrest last week on charges of underpaying...
American Air, Cantor Fitzgerald settle 9/11 suit for $135 million
NEW YORK (Reuters) - American Airlines Group Inc and its insurers have agreed to pay $135 million to Cantor Fitzgerald to settle the financial services company's lawsuit over business and...
Oregon politician gets six years for Facebook IPO fraud
NEW YORK (Reuters) - A former candidate for governor of Oregon was sentenced to six years in prison on Monday for fraudulently convincing investors he had access to shares of...
Five years later, aide recalls Madoff’s arrest on witness stand
NEW YORK (Reuters) - Exactly five years ago, Frank DiPascali was awakened in his New Jersey home by an early call from his boss, Bernard Madoff. "He said, 'Frank, the...
Madoff cried as he confessed fraud to me: witness
NEW YORK (Reuters) - During three decades of working for Bernard Madoff, Frank DiPascali said knew his boss was running an illegal scheme. But the longtime aide also maintained he...
Wine dealer on trial for faking labels and selling counterfeits
NEW YORK (Reuters) - A California man who rose to become one of the country's most prominent rare wine dealers systematically defrauded collectors by printing forged labels and selling counterfeit...
Rogue trader gets prison, told to repay Goldman $118 million
NEW YORK (Reuters) - Former Goldman Sachs Group Inc trader Matthew Taylor was sentenced Friday to serve nine months in prison and pay $118 million in restitution to his former...