July 6th, 2009
WASHINGTON — A former executive of Bennett Environmental Inc. (BEI), a Canadian-based company that treats and disposes of contaminated soil, pleaded guilty to participating in a conspiracy to pay kickbacks and commit fraud at the U.S. Environmental Protection Agency (EPA)-designated Superfund site, Federal Creosote, located in Manville, N.J. The former executive also pleaded guilty to participating in a money laundering conspiracy and impeding a proceeding before the U.S. Securities and Exchange Commission (SEC), the Department of Justice announced today.
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July 2nd, 2009
The US Federal Bureau of Investigation (FBI) has released its top ten news stories for the week, and it was a big week for financial crimes - four of the top ten stories are financial stories. From the FBI's
press release:
1. New York: Bernard Madoff Sentenced to 150 Years in Prison
Bernard L. Madoff was sentenced in Manhattan federal court to 150 years in prison for perpetrating a Ponzi scheme that resulted in billions of dollars of losses to thousands of investor-victims. He was also ordered to forfeit a total...
June 30th, 2009
MIAMI, June 30 (Reuters) - The U.S. Justice Department said on Tuesday it was pressing ahead with its five-month-old lawsuit against UBS AG to force the Swiss bank to identify thousands of U.S. clients with secret UBS accounts.
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June 30th, 2009
On June 30th, the US Department of Justice filed its legal brief in the UBS case in the Federal District Court in Miami. The filing came amid speculation that the Justice Department might be looking to settle the case with UBS, as a diplomatic gesture towards the Swiss.
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