USA v. Kaiser et al. | Case No. 1:04cr733, US District Court for the Southern District of New York |
12/7/2011
Preet Bharara, the United States Attorney for the Southern District of New York, announced that Mark P. Kaiser, a former executive of U.S. Foodservice, Inc. (“USF”), then a subsidiary of the Dutch food conglomerate Royal Ahold, N.V. (“Ahold”), has been sentenced in Manhattan federal court to 46 months in prison for his participation in a scheme to inflate USF’s reported results of operations during the years 2000 through 2003. More...
SEC v. Magyar Telekom Plc. and Deutsche Telekom AG/SEC v. Straub, et al. | SEC Litigation Release No. 22213, SEC No. 2011-279 Case No. 11 civ 9646 (S.D.N.Y.)/Case No. 11 civ 9645 (S.D.N.Y.) |
12/29/2011
The Securities and Exchange Commission has charged the largest telecommunications provider in Hungary and three of its former top executives with bribing government and political party officials in Macedonia and Montenegro to win business and shut out competition in the telecommunications industry. More...
SEC v. Uriel Sharef, et al. | SEC No. 2011-263, SEC Litigation Release No. 22190, Civil Action No. 11 civ 9073 (S.D.N.Y.), DOJ No. 11-1626 |
12/13/2011
The Securities and Exchange Commission and the Department of Justice have charged seven former Siemens executives with violating the Foreign Corrupt Practices Act (FCPA) for their involvement in the company's decade-long bribery scheme to retain a $1 billion government contract to produce national identity cards for Argentine citizens. More...
SEC v. Management Solutions, Inc. | SEC No. 2011-266, Case No. 2:11cv01165, U.S. District Court for the District of Utah |
12/15/2011
The Securities and Exchange Commission has charged a father and son in Utah with securities fraud for selling purported investments in their real estate business that turned out to be nothing more than a wide-scale $220 million Ponzi scheme. More...
SEC v. Richard F. Syron, et al./SEC v. Daniel H. Mudd | Case Nos. 11cv9201-2, U.S. District Court for the Southern District of New York |
12/16/2011
The Securities and Exchange Commission has charged six former top executives of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) with securities fraud, alleging they knew and approved of misleading statements claiming the companies had minimal holdings of higher-risk mortgage loans, including subprime loans. More...
SEC v. Daniel E. Ruettiger, et al. | SEC No. 2011-268, Litigation Release No. 22198, Civil Action No. 2:11-CV-02011 (D. Nev.) |
12/16/2011
The Securities and Exchange Commission has charged Daniel Ruettiger and 12 other participants in a scheme to deceive investors into buying stock in his sports drink company. Ruettiger is widely known for having inspired the 1993 motion picture "Rudy." More...
U.S. v. Stanley Ng | Case No. 1:11mj2096, U.S. District Court for the Southern District of New York |
12/7/2011
Stanley Ng, formerly the Securities and Exchange Commission (SEC) reporting manager at Marvell Technology Group Ltd., has pleaded guilty in connection with his involvement in an insider trading scheme, according to Preet Bharara, U.S. Attorney for the Southern District of New York. More...
U.S. v. Edward J. Lawson | Case No. 8:11cr146, US District Court for the District of Maryland |
12/8/2011
Edward J. Lawson, age 67, of Silver Spring, Maryland has pleaded guilty to wire fraud in connection with a $6.2 million fraudulent investment scheme. More...
In the Matter of Aurelio Rodriguez | SEC No. 2011-277, Release No. 9289, File No. 3-14678 |
12/23/2011
The Securities and Exchange Commission has charged a former securities trader at a San Diego-based brokerage firm with orchestrating an illegal trading scheme. More...
Securities and Exchange Commission v. Alfred S. Teo, Sr., et al. | SEC No. 2011-275, Litigation Release No. 22209, Civil Action No. 04-1815-SDW-MCA (D. N.J.) |
12/22/2011
The Securities and Exchange Commission has announced the successful resolution of its trial against a plastics industry executive charged with lying in SEC filings regarding his ownership of Musicland Stores Corporation stock. More...
