Guilty Plea in Big U.S. Tax-Evasion Case
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Telecommunications entrepreneur Walter Anderson pleaded guilty in what authorities called the nationÂs largest criminal tax case.
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A former Enron Corp. (ENRNQ.PK: Quote, Profile, Research) assistant treasurer pleaded guilty on Tuesday in US District Court to conspiracy to commit securities fraud for disguising
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NORFOLK - A government contractor pleaded guilty in federal court Wednesday to sabotaging Navy computers that track locations of subs and ships.   Richard F. Sylvestre, 43, of Boylston, Mass., pleaded guilty before a U.S. magistrate to one count of damaging protected computers.
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A former employee of the accounting firm Ernst & Young pleaded guilty to conspiracy to commit tax fraud, a month after similar charges were filed against four current and former employees of the firm.
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A former Homestore vice president and a salesman will plead guilty to charges that they participated in fraudulent transactions to inflate the company&#39;s advertising revenue, federal officials said yesterday.
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The practice of manipulating stock options grants to make them more favorable has come back to haunt yet another round of high-tech executives. A former Monster Worldwide Inc. executive is expected to agree to a plea deal in New York Thursday, just a day after the founder of Take-Two Interactive Software Inc. pleaded guilty to a state felony related to backdating.
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Two midlevel employees of the Zurich American Insurance Company pleaded guilty yesterday to criminal charges related to the rigging of bids that investigators say was organized by the Global Broking unit of Marsh &amp; McLennan.
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Online gaming firm Betonsports pleads guilty in the US to charges of money laundering and racketeering.
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A senior vice president at US insurance firm Marsh & McLellan pleads guilty to criminal charges in connection with a probe into fraud in the industry.
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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.
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(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.
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Three people pleaded guilty on Tuesday and promised to pay hundreds of millions of dollars in restitution in a massive Florida insurance scam that cost investors nearly $1 billion, prosecutors said.
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A U.S. judge may be laying the groundwork for a plea agreement or possible dismissal of a case against 16 former KPMG  partners accused of creating and marketing fraudulent tax shelters, legal experts said.
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A Marsh & McLennan Cos. Inc. insurance  broker, Senior Vice President Robert Stearns, on Thursday  pleaded guilty to criminal charges in connection with an  ongoing probe into fraud and bid-rigging in the insurance  industry, New York Attorney General Eliot Spitzer's office  said.
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WASHINGTON, Aug 25  - A former top Enron official responsible for investor relations pleaded guilty Wednesday to securities fraud as part of a plea agreement, under which he has agreed to cooperate fully with the government&#39;s ongoing criminal
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A former partner in Milberg Weiss & Bershad will plead guilty to helping to pay kickbacks in securities lawsuits.
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Two executives from American International Group Inc.  and one from Marsh & McLennan Cos.  pleaded guilty on Tuesday to fraud charges stemming from New York Attorney General Eliot Spitzer's sweeping investigation into fraud in the industry.