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U.S. to seek life term for Ebbers, ex-CEO of WorldCom
From Wire ReportsNEW YORK - Federal prosecutors want former WorldCom boss Bernard J. Ebbers to go to prison for the rest of his life, and have urged a federal judge to brush off his pleas for leniency. In court papers made public yesterday, the government encouraged U.S....Tags: Prosecution, History, Fraud, Bankruptcy, Punishment
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WorldCom ex-CEO sentenced for fraud
Los Angeles TimesNEW YORK - From humble roots as a milkman and motel owner, Bernard J. Ebbers built a small telecommunications company into an industry giant - becoming a symbol of what a brash entrepreneur could do in the technology boom of the late 1990s. Yesterday,...Tags: Prosecution, Verizon Communications, Bankruptcy, Fraud, Punishment
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A softer approach in Wall St. probes
Los Angeles Times Staff WriterIn this season of white-collar scandal, the government has pursued corporate rogues with an unalloyed zeal, subjecting alleged wrongdoers to humiliating "perp walks" and rushing out criminal charges that could put them in prison. But when it comes to the...Tags: Fines, Court Preliminary, Punishment, Fraud, U.S. Department of Justice
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The Enron collapse: A year later
The Associated PressA year after Enron Corp.'s facade as a thriving global energy behemoth began to crumble publicly, only remnants remain of the heady days in the 50-story headquarters where the rich and powerful once ruled. No one uses former chairman Kenneth L. Lay's...Tags: Houston Astros, Corporate Officers, Lawyers, Companies and Corporations, Employees
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WorldCom heads toward bankruptcy amid outrage
From Staff And Wire ReportsWorldCom Inc. teetered yesterday toward what would be the largest bankruptcy in U.S. history after shocking Wall Street -- and the White House -- with yet another corporate scandal: $3.8 billion in expenses hidden from investors. U.S. stocks plunged --...Tags: U.S. House of Representatives, Fraud, Tom Daschle, Ciena Corporation, Corporate Officers
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Bush says U.S. to investigate WorldCom
Associated PressPresident Bush on Wednesday called reports that WorldCom Inc. disguised $3.9 billion in expenses "outrageous" and said the government "will fully investigate and hold people accountable." Bush said he feared a pending bankruptcy would hurt "not only...Tags: AT&T Corp., Stock Market, U.S. Department of Justice, Stock Broking, Companies and Corporations
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Ex-ImClone CEO pleads guilty
The Associated PressSamuel D. Waksal, the jet-setting scientist and entrepreneur who founded ImClone Systems Inc., pleaded guilty Tuesday to bank and securities fraud in a mushrooming scandal that also threatens his friend and investor, Martha Stewart. Waksal, 55, became...Tags: Court Preliminary, Fraud, Punishment, Martha Stewart, U.S. Department of Justice
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Reaction to Bush's calls for stiffer laws mixed
Times Staff WriterPresident Bush's corporate reform initiatives will do little to restore confidence in America's battered business culture, whether by shoring up investor trust or discouraging genuinely fraudulent behavior in the executive suite, according to business...Tags: Fraud, Punishment, Corporate Officers, Eliot Spitzer, Lawyers
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AMR hedge fund creditors organize to study merger
Reuters* Holders of over $700 mln unsecured bond debt join forces-sources * Group yet to form view on proposed AMR merger-sources * Group includes York Capital, King Street Capital * Labor union says US Air only realistic merger partner for AMR By Soyoung...Tags: JetBlue Airways, Delta Air Lines, Wilmington Trust Company, Personal Finance, AMR Corp.
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Raj Rajaratnam gets 11 years, not 24; illness revealed in court
Money & CompanyHedge fund magnate Raj Rajaratnam was sentenced to 11 years in prison -- the longest sentence ever for an insider-trading case, prosecutors said.... -
Madoff headed to hellish jail, SEC still in doghouse
The SwampDisgraced financier Bernard Madoff enters a federal court in New York City on March 12, 2009. (Photo by Mario Tama/Getty Images) by Frank James Physicians get to bury their mistakes, it's said. And federal regulators get to see theirs......Tags: Analysts' Comments, Investments, Upper East Side, Punishment, Fraud
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Bernard Madoff Becomes Prisoner 61727-054
He is now prisoner number 61727-054.
Disgraced financier Bernard Madoff has arrived at a federal prison in Butner, North Carolina, to start serving a 150-year sentence.
Federal Bureau of Prisons spokeswoman Linda Thomas says Madoff arrived at the Butner...Tags: Bernard Madoff, Hospitals and Clinics, Raleigh, Fraud, Punishment
Jun 29, 2005
|Story| Baltimore Sun
Jul 14, 2005
|Story| Baltimore Sun
Oct 14, 2002
|Story| Los Angeles Times
Oct 14, 2002
|Story| Associated Press
Jun 27, 2002
|Story| Baltimore Sun
Jun 26, 2002
|Story| Associated Press
Oct 15, 2002
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Jul 10, 2002
|Story| Los Angeles Times
May 24, 2012
|Story| Reuters
Oct 13, 2011
| Los Angeles Times
Mar 12, 2009
|Blog| Chicago Tribune
Jul 14, 2009
|Story| Associated Press
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