Democratic fundraiser gets 24 years in prison in case that embarrassed Clinton campaignNEW YORK — A federal judge has sentenced former Democratic fundraiser Norman Hsu (shoo) to more than 24 years in prison for violating campaign finance laws. Vietnamese court sends 6 to prison for arranging more than 300 fraudulent foreign adoptionsHANOI, Vietnam — A Vietnamese court official says six people have been sentenced to up to 4 1/2 years in prison for arranging more than 300 fraudulent adoptions. SEC watchdog recommends new system for handling tips, other changes after Madoff failuresWASHINGTON — The watchdog of the Securities and Exchange Commission is recommending a new system for handling the thousands of tips and complaints the agency receives and other changes to prevent another breakdown like the one that allowed Bernard Madoff’s massive fraud to go undetected for years. Bipartisan push under way in Senate to spend more fighting mortgage scamsWASHINGTON — A bipartisan push is under way in the Senate to spend more money to stop mortgage scams. APNewsBreak: CEO of defunct soft drink maker LeNature’s, 4 others charged in $806M fraudPITTSBURGH — The former chief executive and four other employees of defunct soft-drink maker Le-Nature’s Inc. have been indicted in what authorities say is an $806 million fraud. Ex-Democratic fundraiser gets 24 years in prison in case that embarrassed Clinton campaignNEW YORK — Former Democratic fundraiser Norman Hsu was sentenced to more than 24 years in prison Tuesday by a judge who accused him of funding his fraud with a “conniving use of the political process.” Texas financier Stanford to be moved from lockup where he got into fightHOUSTON — Texas financier R. Allen Stanford will be moved from the lockup where he got into a jail fight that resulted in him being hospitalized for a concussion. Former Danielle Steel aide faces prison after admitting stealing at least $400,000 from authorSAN FRANCISCO — A former aide to Danielle Steel is facing time in federal prison after admitting she stole hundreds of thousands of dollars from the romance novelist. NY prosecutors suspect adoption Ponzi scheme that promised babies but didn’t deliverGARDEN CITY, N.Y. — New York prosecutors are investigating a possible “adoption Ponzi scheme” in which clients were defrauded out of fees for babies who didn’t exist. Al-Qaida’s Zawahri calls Obama a ‘fraud’ for failing to stop Israel’s settlementsCAIRO — Al-Qaida’s deputy leader on Monday seized upon President Barack Obama failure to bring about a freeze in Israeli settlement construction in the West Bank and called him a “fraud” in a new audio message. Ex-Dem fundraiser sentenced in NYC to 24 years in case that embarrassed Clinton campaignNEW YORK — Former Democratic fundraiser Norman Hsu was sentenced Tuesday to more than 24 years in prison by a judge who accused him of funding his fraud by manipulating the political process in a way that “strikes at the very core of our democracy.” Colo. brother-in-law of wealthy Democratic fundraiser is charged with bank fraudNEW YORK — A Colorado man faces charges that he helped a wealthy Democratic fundraiser cheat banks out of hundreds of millions of dollars. Former mayor in Mississippi pleads guilty, gets 3 years probation in Katrina fraud caseGULFPORT, Miss. — A former Gulfport mayor was sentenced to probation Friday in a plea deal on charges that he defrauded a program to help Hurricane Katrina victims rebuild their homes, allowing him and his wife to walk out of court with no prison time. NY prosecutors say ex-Democratic fundraiser should serve 30 years to life in prisonNEW YORK — Prosecutors have urged a judge to sentence former Democratic fundraiser Norman Hsu to 30 years to life in prison for violating campaign finance laws. Israel’s former PM Olmert in court in first trial of current or past Israeli leaderJERUSALEM — Ehud Olmert became the first current or past Israeli prime minister ever to go on trial Friday, insisting in a Jerusalem courtroom that he is innocent of corruption allegations that drove him from office. 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. 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. Ex-contractor at Eglin AFB sentenced to probation in fraud case tied to Congressional earmarksPENSACOLA, Fla. — A former defense contractor for Eglin Air Force Base was sentenced to four years’ probation Tuesday for obstructing justice as part of wider fraud scheme by contractors and defense lobbyists with ties to a powerful Pennsylvania congressman. Fraud allegations rise as last 2 candidates face off in UNESCO leadership racePARIS — The U.N.’s cultural agency braced for an unusually suspenseful final round of voting to select its new chief — a race so tight it may come down to a random drawing between a controversial Egyptian and his low-profile Bulgarian rival. 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. Regions Bank to pay $1 million to settle SEC charges stemming from investment fraudMIAMI — Regions Bank has agreed to pay a $1 million penalty to settle a Securities and Exchange Commission complaint that it played a role in a long-term investment fraud that charged huge hidden fees and sales commissions to thousands of unwitting Latin American investors. 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. Afghan fraud investigators to recount only a sample of suspect ballots to speed processKABUL — The U.N.-backed panel investigating fraud in Afghanistan’s presidential vote has agreed to allow a recount of just a sampling of hundreds of thousands of suspect ballots to speed a process some fear could stretch into spring, an official said Monday. Authorities say it appears financier accused in Ponzi scheme committed suicide in CaliforniaNEWPORT BEACH, Calif. — Investigators believe Danny Pang, the international financier who died in Southern California last weekend while facing charges of fraud, committed suicide, a police spokesman said Friday. 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. Suicide car bomber strikes Afghanistan’s capital, killing 6 Italian soldiers, 10 civiliansKABUL — A suicide car bomber killed six Italian soldiers and 10 Afghan civilians Thursday in the heavily guarded capital of Kabul — a grim reminder of the Taliban’s reach amid political uncertainty in Afghanistan. Afghan president defends election’s integrity, but says some officials “were partial” to himKABUL — President Hamid Karzai defended the integrity of Afghanistan’s presidential ballot Thursday against charges of widespread fraud, but stopped short of declaring victory despite a substantial lead in the preliminary count. Blagojevich seizes on friend and fundraiser’s apparent suicide to question prosecutorsCHICAGO — To hear ousted Illinois Gov. Rod Blagojevich tell it, his war with federal prosecutors now has a casualty. Full, uncertified Afghan vote tally: Karzai has 54 percent; fraud probes still pendingKABUL — Afghan officials issued full preliminary results Wednesday showing President Hamid Karzai got 54.6 percent of the vote in last month’s election, a result that could be annulled by mounting fraud allegations. European Union election monitors say fraud is indicated in more than a quarter of the 5.6 million votes counted. |
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