Ecuador rejects Chevron arbitration claim on contamination suit, says it skirts proper venuesQUITO, Ecuador — Ecuador on Thursday rejected as an inappropriate last-ditch effort Chevron Corp.’s attempt to force it into international arbitration so it might share liability in a $27 billion lawsuit over environmental damage in the Amazon rainforest. Chevron files for international arbitration vs Ecuador, seeks shared liability in $27B caseSAN RAMON, Calif. — Chevron Corp. sought Wednesday to force Ecuador into international arbitration for alleged trade violations, an apparent effort to protect itself against a feared negative ruling in a $27 billion lawsuit over environmental damage. ‘Girls Gone Wild’ founder pleads guilty to filing false tax returns, will be sentenced in Nov.LOS ANGELES — “Girls Gone Wild” founder Joe Francis pleaded guilty Wednesday to filing false tax returns and will avoid further jail time in a tax case that spanned two states and several years. Chevron sues Ecuador under trade law to protect against negative ruling in other $27B caseSAN RAMON, Calif. — Chevron Corp. sought Wednesday to force the government of Ecuador into international arbitration for alleged trade violations, an apparent effort to protect itself against a feared negative ruling in a $27 billion lawsuit over environmental damage. NY lawyer: Wealthy fundraiser for top Democrats made legal political contributionsNEW YORK — The lawyer for a wealthy fundraiser for Hillary Rodham Clinton and other top Democrats said Wednesday that his client’s political contributions were legal — despite charges he defrauded banks of hundreds of millions of dollars. UK court approves Trafigura’s toxic waste settlement with Ivory Coast claimantsLONDON — A British court approved Wednesday the settlement of thousands of claims against oil-trading company Trafigura Beheer BV related to the dumping of toxic waste around the Ivory Coast’s main city of Abidjan. BP Exploration pays $1.7 million to settle Alaska spill containment violationsANCHORAGE, Alaska — An oil field review starting with a state inspector questioning the size of spill containment facilities on Alaska’s North Slope has resulted in a hefty civil payment for a subsidiary of BP PLC. Lebanon’s own ‘Madoff’ embarrasses militant Hezbollah group after investments vanishTOURA, Lebanon — A Mideast version of the Bernie Madoff scandal is threatening to tarnish Hezbollah’s reputation in Lebanon for being incorruptible, and the powerful Shiite militant movement faces calls to bail out small investors to keep its position from being undercut. ACORN names former Mass AG Harshbarger to investigate housing programWASHINGTON — The community activist group ACORN said Tuesday it has selected a former Massachusetts attorney general to investigate its housing program and other public service projects after employees were caught on video giving advice to a couple posing as a prostitute and pimp and Congress moved to cut off its federal funding. NY indictment accuses high-profile Democratic fundraiser of $292 Ponzi schemeNEW YORK — Federal prosecutors have charged a wealthy fundraiser for Hillary Rodham Clinton and other top Democrats in an alleged $292 million Ponzi scheme that spanned more than a decade, saying he used some of the proceeds to support election campaigns. Feds: $80M ATM Ponzi scheme was ‘giant cash machine’ for 2 men charged in NYNEW YORK — Two men lured victims into an $80 million Ponzi scheme by convincing them they were investing in thousands of automated teller machines that in fact were never purchased, federal authorities said Monday. Feds: 2 men charged in New York with $80 million ATM Ponzi schemeNEW YORK — Two men are charged in New York with an $80 million Ponzi scheme involving an automated teller machine business, federal authorities said Monday. ACORN grew from local charity to national conglomerate with radio stations, schoolsWASHINGTON — Activist group ACORN started in 1970 to help poor people in Arkansas and by decade’s end went national, expanding into a multimillion-dollar conglomerate with a mission so far-flung that schools now bear its name, two radio stations are affiliates and a man its political arm endorsed is the president. Oh yeah — and it’s the unwilling star of a hot Internet video featuring a couple dressed as a hooker and her pimp. Ex-Morgan Stanley banker sentenced to 7 years in prison in Hong Kong insider trading caseHONG KONG — An ex-Morgan Stanley banker was sentenced Friday to seven years in prison in Hong Kong’s biggest insider trading case. Madoff’s NY beach home fetches more than its $8.75M asking price, buyer not identifiedNEW YORK — It boasts ocean views, an infamous former owner — and now a buyer willing to pay more than $8.75 million. Greenpeace says it has new evidence in Ivory Coast disaster, demands prosecution of companyAMSTERDAM — Greenpeace said Thursday it has uncovered new evidence linking a major oil trading company to toxic waste that killed 15 people in Ivory Coast in 2006, and asked Dutch prosecutors to reconsider charging executives with illegal dumping. Judge’s rejection of SEC deal with BofA deals setback to embattled agency and its chairmanWASHINGTON — A judge’s condemnation of the Securities and Exchange Commission in rejecting its $33 million settlement with Bank of America over bonuses at Merrill Lynch dealt a stinging rebuke to an agency seeking to mend its image after its failure to detect Bernard Madoff’s fraud scheme. Former executive at Berkshire Hathaway’s Gen Re sentenced to probation in AIG fraud caseHARTFORD, Conn. — A former executive of Berkshire Hathaway’s General Re was sentenced Tuesday to two years probation for his role in a financial scandal that cost shareholders of insurer American International Group Inc. more than $500 million. Appeals court blocks land swap between BLM and miner Asarco, citing bad environmental analysisPHOENIX — A federal appeals court ruled Monday that a proposed land exchange between the federal Bureau of Land Management and copper miner Asarco LLC violates environmental laws. Court rules against Universal Music Group in suit against online video site VeohLOS ANGELES — A federal judge in Los Angeles has ruled against Universal Music Group in a copyright lawsuit against online video site operator Veoh Networks Inc., although Universal says it will appeal. Bolshoi: Big theater, big scandal as investigators say millions embezzled in reconstructionMOSCOW — Russia’s top investigative body said Monday that millions of dollars have been misspent in the reconstruction of the renowned Bolshoi Theater. Mayor: Fundraiser for ex-Ill. governor told police before he died that he overdosedCHICAGO — A former chief fundraiser for ousted Illinois Gov. Rod Blagojevich told a police officer before he died that he overdosed on a prescription drug, the mayor of the south Chicago suburb of Country Club Hills said Sunday. Officials to autopsy ex-Blagojevich adviser who died a week before prison term was to startCHICAGO — A week before one of ex-Illinois Gov. Rod Blagojevich’s closest advisers was to go to prison for fraud, the commercial roofing contractor died at a Chicago hospital, and the mayor of a town where he was found said the death was being investigated as a suicide. Ousted Ill. Gov. Rod Blagojevich’s former chief fundraiser dies, days before prison term beganCHICAGO — A former chief fundraiser for ousted Illinois Gov. Rod Blagojevich died Saturday, just days before he was to begin serving at least eight years in federal prison for fraud that included using his company’s money to pay gambling debts and claiming it as a business expense. Federal judge: Seinfeld book won’t cook up consumer confusionNEW YORK — A federal judge Thursday tossed out a cookbook author’s claim that comedian Jerry Seinfeld’s wife was a culinary copycat when she came out with her own book explaining how to entice children to eat vegetables. SEC officials pledge to fix problems as Congress probes agency’s Madoff failureWASHINGTON — The Securities and Exchange Commission’s watchdog has recommended “employee-by-employee” action to ensure the agency fixes the breakdowns that allowed Bernard Madoff’s colossal fraud to go undetected for years. 2 former NE Pa. judges charged with racketeering, money laundering in kids-for-cash schemeALLENTOWN, Pa. — Federal prosecutors have ratcheted up their pursuit of two former Pennsylvania judges accused of taking $2.8 million in kickbacks to place youth offenders in private detention centers. Congress reopening inquiry on SEC’s failure in Madoff case; agency watchdog to testifyWASHINGTON — Congress is reopening its inquiry into the Securities and Exchange Commission’s failure to detect the multibillion-dollar fraud conducted for more than a decade by Bernard Madoff, this time seeking answers from the agency watchdog and potential lessons for lawmakers in crafting new financial rules. Investigators scour bank records in continuing hunt for corruption in Iraq’s costly rebuildingWASHINGTON — Federal investigators are searching for suspicious transactions in the personal bank records of a retired Army colonel who ran the contracting office in Baghdad during the early stages of Iraq’s $125 billion reconstruction. NYC man charged in Ponzi scheme that diverted millions to bad real estate deals, porn companyNEW YORK — A small-time money manager who did business out of a shabby storefront in Brooklyn was charged Tuesday with running a $40 million Ponzi scheme that secretly diverted client money to unauthorized ventures, including a mail-order pornography business. |
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