For anyone who’d like to see the bank executives who led America into the teeth of the financial crisis strung up by the laces of their Prada wingtips, a trip to the Southern District courthouse in Lower Manhattan may be a deflating experience.
The Observer had come to the federal courthouse seeking succor. Late last Read More
So, Deutsche Bank settled a U.S. attorney’s lawsuit for $202.3 million in damages and civil penalties, prosecutors said today, following allegations that a mortgage unit owned by the German lender falsely certified loans as qualifying for federal insurance. Read More
It was a classic set-up: a trusting, elderly woman with a valuable property and a clever con to separate one from the other.
Brooklyn lawyer Ifeanyichukwu Eric Abakporo and Latanya Pierce have been arrested for allegedly scamming an elderly woman out of her multi-million-dollar property in Harlem, then convincing the bank to give them a $1.8 million mortgage loan on the home, according to Manhattan U.S. Attorney Preet Bharara.
Mr. Abakporo, 52, a Nigerian citizen and resident of Queens and Ms. Pierce, 43, of Brooklyn have been charged with wire fraud, bank fraud, wire fraud conspiracy and bank fraud conspiracy. Read More
THE SOUND OF JUSTICE IN YOUR FACE
The U.S. Attorney’s Office for the Southern District of New York just released their press statement on the eleven-year prison sentence handed down to former Galleon Group head Raj Rajaratnam for charges of Insider Trading. They obviously take no pride in this kind of thing. Read More
Manhattan U.S. Attorney Preet Bharara has announced a widespread review of New York restaurants to check their compliance with the Americans with Disabilities Act of 1990. In an effort to appear unbiased in the selection of restaurants to review, Mr. Bharara did what most New Yorkers do: he consulted his trusty Zagat guide. Read More
The jury’s verdict is in, and it has found Raj Rajaratnam guilty on all 14 counts. Preet Bharara is gloating and lead prosecutor Jonathan Streeter has won a formidable battle in his biggest case yet (although the defense will certainly appeal.)
But what, one must wonder, does the verdict mean for the future of Read More
Preet Bharara, the U.S. attorney for the Southern District, recently announced the indictments of 11 individuals connected to three Internet poker companies that allegedly took in or laundered billions of dollars in illegal gambling schemes. The scope of the criminal activity was shocking: The government moved to close down more than 75 bank accounts that Read More
US Attorney Preet Bharara announced he’s promoting one of the lead attorneys who is prosecuting Councilman Larry Seabrook on corruption charges, as well as State Senator Carl Kruger, Assemblyman William Boyland and lobbyist Richard Lipsky in a wide-ranging bribery scheme.
Thirty-three year old Michael Bosworth will now be the deputy chief of the Read More
“No office in the state has pursued public corruption more vigorously, or more successfully, than this office.”
–Preet Bharara, making an unambiguous claim after announcing the arrest of 8 people, including a Democratic state Senator, Democratic Assemblyman and noted lobbyist.
US Attorney Preet Bharara’s case against State Senator Carl Kruger, Assemblyman William Boyland, lobbyist Richard Lipsky and five other defendants today is a run-of-the-mill bribery scheme. Two of them, actually.
In the first, Bharara alleges a friend of Kruger’s set up “a shell company in the name of Olympian [which] wasn’t engaged in anything other Read More
