There’s nothing sweeter than seeing true love go viral on YouTube. The story of Frank’s proposal to Kasey in Central Park brought a tear to the eye over at Glamour.
Of course, “Frank’s Marriage Proposal In Central Park” turned out to be just another YouTube hoax, created to promote the Read More
Legal Matters, Firsts
Two of the city’s biggest general contractors have lied about their hiring of women-and-minority-owned subcontractors for some of New York’s biggest project, including the Fulton Stree Transit Center downtown and the Croton Water Treatment Plant in the Bronx, both multi-billion dollar undertakings.
According to The Times, prosecutors from Brooklyn are approaching a $20 Read More
The first-ever guilty plea to theft charges related to the Troubled Asset Relief Program is in. Reuters reports that Ex-Park Avenue Bank president Charles Antonucci today said he had taken $6.5 million from his employer and invested it for himself.
According to prosecutors, Antonucci also lied in his bank’s application for $11.2 million Read More
Money, Snitches Get Riches
The Manhattan U.S. Attorney’s office has charged several longshoremen with enticing investors to buy stocks via Facebook and Twitter in a classic “pump and dump” fraud scheme.
This was apparently a side business that the dock workers engaged in when they weren’t busy trafficking 1.3 tons of cocaine worth $34 million Read More
An increase in payouts to informants from the Securities and Exchange Commission is yielding a higher number of people coming forward with tips about potential wrongdoing, The Wall Street Journal reports.
A tip with original information could net a snitch as much as 30 percent of the money the SEC collects from a Read More
The Securities and Exchange Commission today announced that it has dropped a fraud case agenst ratings agency Moody’s “because of uncertainty regarding a jurisdictional nexus between the United States and the relevant ratings conduct” related to the recent passage of the Dodd-Frank financial reform bill.
Turns out Dodd-Frank limits the SEC’s ability to Read More