Infineon Execs Plead Guilty
30080
NEW YORK - With four of its executives pleading guilty to price-fixing charges today, Infineon will have a hard time arguing that it didn&#39;t fix prices in its ongoing litigation with Rambus.
11803
Former execs had been charged with fraudulent wire communications, identity theft and conspiracy.
150864
Four senior executives of German chipmaker Infineon agreed to jail time and steep fines for their role in a scheme to fix prices in the memory chip market, the US Department of Justice said Thursday.
530794
A former senior executive at Marsh &amp; McLennan Cos. Inc. and two American International Group Inc. employees pleaded guilty yesterday to criminal charges in New York's probe of bid rigging and price fixing in the insurance industry.
13209
German microchip giant Infineon Technologies agreed to plead guilty and to pay a 160 million dollar fine for participating in &quot;an international conspiracy to fix prices,&quot; US officials said.
741957
Thomas Hall, one of four former midlevel Qwest executives charged with fraud in a 2001 equipment sale, will plead guilty to a misdemeanor, his attorney, Jeffrey Springer, said Friday.
81633
An executive with the U.S. unit of Samsung agreed to plead guilty for taking part in the price fixing of computer memory chips.
507378
BERLIN Infineon Technologies said Thursday that it had set aside enough funds to settle additional antitrust probes and civil suits after agreeing to plead guilty in the US to fixing prices for memory chips.
211916
NEW YORK, December 6  - The US Department of Justice has imposed steep fines and announced jail terms for four senior executives of Infineon Technologies (IFX.
186089
Two executives at Zurich Financial Services AG, the third-biggest US commercial insurer, pleaded guilty to charges they helped rig bids to help an insurance broker give business to favored clients.
40042
Memory was little help to Munich, Germanyâs Infineon Technologies AG in its now closed fiscal Q4. The company reported Q4 revenues of $2.
250756
A former Microsoft Corp. worker pleaded guilty in federal court Wednesday to participating in a software sales scheme with three others that defrauded the company of more than &#36;32 million.
526264
Infineon Technologies AG has agreed to plead guilty and to pay a $160 million fine for participating in an international conspiracy to fix prices in the DRAM market, the US Department of Justice (DOJ) said today.
586830
(InfoWorld) - Three U.S. men and one man living in France have pleaded guilty to charges related to a stock manipulation scheme that included sending out tens of millions of spam messages to pump up the stock value of 15 companies, the U.S. Department of Justice said Thursday. The four men cost investors more than $20 million in their so-called pump-and-dump scheme, the DOJ said. Michael Saquella, also known as Michael Paloma, 47, of Mesa, Arizona., pleaded guilty in U.S. District Court for the Eastern District of Virginia in Alexandria on Aug. 20. Lawrence J. Kaplan, 63, of Scottsdale, Arizona, pleaded guilty on July 25, in Alexandria to similar charges. Henry "Hank" J. Zemla, 38, of Harris Township, Michigan, also pleaded guilty in federal court in Alexandria on July 20. The three defendants are scheduled to be sentenced between late November and early February. Saquella pleaded guilty to a criminal information charging him with one count of conspiracy to commit securities fraud and one count of electronic mail fraud involving 15 publicly traded companies. Kaplan pleaded guilty to a criminal information charging him with one count of conspiracy to commit securities fraud involving 14 of these companies, and Zemla pleaded guilty to a criminal information charging him with one count of conspiracy to commit securities fraud involving one of the companies. The plea agreements for all three defendants were unsealed Thursday. The scheme involved stocks from companies including eDollars, Xtreme Technologies, and PokerBook Gaming. Justin Medlin, 26, of Paris, also pleaded guilty in federal court in Alexandria on Aug. 20 to a criminal information charging him with one count of electronic mail fraud and one count of conspiracy to commit securities fraud and electronic mail fraud involving seven of the companies. Medlin's plea agreement was unsealed Thursday. He will be sentenced on Nov. 30. The maximum penalties for each of the fraud charges is five years in prison and a $250,000 fine. The stock manipulation schemes generally followed a similar pattern, the DOJ said. The defendants generally solicited small, privately held companies that needed to raise money. One of the defendants would offer to help the company raise significant money through the sale of the company's stock, and then the defendants would list the company's shares on the Pink Sheets, a price quotation system primarily used for trading small companies' stocks. The group of defendants would then gain control of a majority of the stock of the company, the DOJ said. The co-conspirators then engaged in deceptive and manipulative trading practices to boost the price and volume of the company's stock, the DOJ said. In some cases, members of the conspiracy encouraged investors to purchase companies' stock by giving the investors free-trading shares in return for buying blocks of shares at agreed-upon prices, thereby creating the illusion of trading volume and active investor interest. In other instances, members of the conspiracy bought and sold shares of the companies' stock between and among themselves to give the appearance of investor interest, the DOJ said. The co-conspirators also falsely manipulated the price and volume of each company's stock by making materially false and misleading statements in news releases and in spam e-mails distributed by Medlin and other spammers to tens of millions of U.S. e-mail addresses, in an effort to create artificial demand for the companies' stock, the DOJ said. In related actions, the U.S. Securities and Exchange Commission has filed civil charges against Saquella and Kaplan for their part in the schemes to manipulate the price and volume of the companies' securities. Three other defendants, Steven P. Luscko, Gregory A. Neu, and Brian G. Brunette, have pleaded guilty and have been sentenced in federal court in Alexandria for their roles in related stock manipulation schemes. Luscko and Neu were each sentenced to five years in prison and Brunette was sentenced to one year in prison.
269569
The Department of Justice charged Infineon with violating the Sherman Antitrust Act by conspiring with unnamed DRAM manufacturers between July 1999 and June 2002 to fix prices on memory sold to computer and server vendors.
662928
A former Morgan Stanley finance vice president and her husband, a former hedge fund analyst at ING Investment Management, pleaded guilty yesterday to conspiracy and insider trading.
428226
Three former Countrywide  Financial Corp.  executives agreed to plead guilty to  charges they conducted insider trading in the mortgage lender&#39;s  shares in the week leading up to a disappointing earnings  report, federal prosecutors said.