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Federal authorities announced fraud charges against a debt settlement company on Tuesday, in the first criminal case based on work by the new Consumer Financial Protection Bureau.A newly unsealed indictment filed in District Court in Manhattan charged Mission Settlement Agency and four individuals with mail and wire fraud over a scheme that prosecutors said victimized more than 1,200 people across the United States.Manhattan Attorney Preet Bharara suggested the case would not be the only one arising out of ongoing investigations related to the debt settlement industry. Based on the results so far, "our concern is that predatory practices pervade the industry," he said.Prosecutors called the case the first criminal referral from the CFPB, an agency established after passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010.Richard Cordray, the agency's director, said at a news conference in New York that there are other instances of the CFPB referring cases to fed...
The founder and managing director of Prim Capital Corporation has been charged with attempting to defraud the National Basketball Association players' union out of $...
NEW YORK, April 25 (Reuters) - The founder and managing director of Prim Capital Corporation has been charged with attempting to defraud the National Basketball Asso...
The Justice Department has promptly capitalized on a court victory to bolster a case before another federal judge, citing a ruling on Wednesday that endorsed the age...
A federal judge said Wednesday the U.S. government can proceed with a lawsuit accusing Bank of New York Mellon Corp of overcharging clients for trading currencies, a...
Federal prosecutors late Tuesday accused Novartis Pharmaceuticals Corp. of bribing pharmacies to switch kidney patients from generic drugs to the company's own produ...
Federal prosecutors accused Novartis Pharmaceuticals Corp. of paying kickbacks to get pharmacies to switch kidney-transplant patients from generic drugs to the compa...
Novartis AG was sued on Tuesday by the United States, which accused the Swiss drug maker of using kickbacks to induce pharmacies to steer thousands of patients to it...
A judge on Friday confirmed a liquidation plan for MF Global Holdings Ltd. (MFGLQ), both a milestone and a beginning to an end of one of the more notable brokerage c...
MF Global Holdings on Friday will seek court approval of a plan to liquidate its assets and repay creditors, signaling the final stages of its large and politically-...
The United States on Thursday sued a New York mortgage company it said defrauded the federal government into insuring poor quality home loans, costing taxpayers mill...
The United States on Thursday sued a New York mortgage company it said defrauded the federal government into insuring poor quality home loans, costing taxpayers mill...
The most promising aspect of the ongoing legal drama surrounding Steven A. Cohen and his mega SAC Capital Advisors hedge fund isn't that the walls seem to be closing...
Former Diamondback Capital Management portfolio manager Todd Newman was sentenced to 4-1/2 years in prison on Thursday for insider trading in the stock of Dell Inc a...
A former Goldman Sachs Group Inc computer programmer failed to win the dismissal of charges by Manhattan's district attorney of stealing secret trading code, despite...
A Manhattan judge indicated Monday he was "troubled" by how the U.S. government applied a rarely used law in a suit against Bank of America Corp over the sale of tox...
U.S. federal prosecutors filed a lawsuit against Novartis Pharmaceuticals, accusing the company of paying kickbacks to doctors in an effort to encourage prescription...
Federal prosecutors accused Novartis Pharmaceuticals Corp. of paying kickbacks and providing lavish dinners to doctors to encourage them to prescribe the company's b...
The U.S. government on Friday announced its second civil fraud lawsuit against Novartis AG in four days, accusing a unit of the Swiss drugmaker of paying multi-milli...
The government on Friday announced its second civil fraud lawsuit against Novartis AG in four days, accusing a unit of the Swiss drugmaker of paying multi-million do...
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