White Collar
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The operators of purported luxury development Sanctuary Belize will have to pay more than $120 million in addition to facing bans from certain business sectors after a Maryland federal judge ruled Friday that they had run a real estate scam that swindled American consumers… Read this piece in its entirety at Law360.
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Autonomy’s former chief financial officer lost a bid at the Ninth Circuit on Wednesday to nix a securities fraud conviction for lying about the British software company’s financials before Hewlett-Packard Co.’s $11.7 billion acquisition in 2011… Read this piece in its entirety at Law360.
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A Los Angeles fashion company under-invoiced imported clothes as a way of avoiding customs tariffs and laundering money, federal prosecutors said Wednesday as they announced Ambiance Apparel and its owner had agreed to plead guilty to the scheme and pay $118 million… Read this piece in its entirety at Law360.
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An explosion at a commercial property in downtown Los Angeles that injured a dozen firefighters earlier this year has sparked criminal charges against the building’s owners and managers, the city attorney’s office announced Friday… Read this piece in its entirety at Law360.
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An insurance executive was sentenced to more than seven years in prison on Wednesday while the former chair of the North Carolina Republican Party got probation in a case alleging they conspired to bribe the state’s insurance commissioner to nix a troublesome investigation, the Charlotte Observer and other outlets reported… Read this piece in its
Mike LaSusa 