Search Results for: U.S. District Court
Bitcoin Foundation’s Shrem Will Plead Guilty
September 1st, 2014
Charlie Shrem, the former Bitcoin Foundation Inc. vice chairman, will plead guilty to unlicensed money transmission under an agreement with federal prosecutors, his lawyer said. Shrem was accused in an indictment of trying to launder more than $1 million ...
CFTC Charges California Resident Ralph Metters with Forex Fraud
September 1st, 2014
The U.S. Commodity Futures Trading Commission (CFTC) has announced that Judge Manuel L. Real of the U.S. District Court for the Central District of California entered on August 27, 2014 an emergency Order freezing and preserving assets under the ...
Arab Bank Questions Hamas Links in Terror-Funding Trial
August 28th, 2014
Arab Bank Plc, accused in a U.S. trial of helping finance suicide bombings in and near Israel by processing transactions to benefit Hamas, sought to cast doubt on victims’ claims the attacks were caused by the Palestinian militant group. ...
PwC must face $1 billion lawsuit over MF Global advice
August 28th, 2014
A federal judge on Wednesday ordered PricewaterhouseCoopers to face a $1 billion (603 million pounds)lawsuit claiming that its bad accounting advice was a substantial cause of the October 2011 bankruptcy of MF Global Holdings Ltd, a brokerage run by ...
Detroit, hold-out creditors must go to bankruptcy mediation: judge
August 27th, 2014
Detroit and its major hold-out creditors were ordered on Tuesday into mediation, just a week before a key federal court hearing is to start in the city’s historic bankruptcy case. The move followed a Monday hearing before U.S. Bankruptcy ...
BofA Tax Set-Aside and Wylys Penalty
August 25th, 2014
Bank of America Corp. must set aside $490 million of its Aug. 21 $16.7 billion settlement to cover taxes that borrowers face on forgiven mortgage debt — a step taken by the Justice Department to give homeowners relief that ...
CFTC charges R2 Capital Group LLC with Fraud and Misappropriation
August 22nd, 2014
The U.S. Commodity Futures Trading Commission (CFTC) announced that on August 15, 2014, Chief Judge Marcia S. Krieger, of the U.S. District Court for the District of Colorado, issued a restraining Order freezing the assets of Defendants Ryan Tomazin ...
Ex-MIT Professor, Son to Plead Guilty in Hedge Fund Scam
August 13th, 2014
A former Massachusetts Institute of Technology professor and his son agreed to plead guilty to running a $500 million hedge-fund scam that was uncovered by investigators probing Bernard Madoff’s Ponzi scheme. Gabriel Bitran, who was a professor and associate ...
IRS Tried, Failed to Repair Lois Lerner Hard Drive
August 12th, 2014
U.S. Internal Revenue Service told a judge its technicians made repeated futile efforts to save data on a malfunctioning computer hard drive used by Lois Lerner, the former official at the center of a dispute between Congress and the ...
Wylys Call SEC $750 Million Trial Demand a Miscalculation
August 7th, 2014
The lawyer for Samuel Wyly and the estate of Charles Wyly told a judge they shouldn’t have to pay regulators as much as $750 million after being found liable for using a web of offshore trusts to hide stock ...
