Financial news
The newsroom
Headlines from the Federal Reserve, ECB, Bank of Japan, Bank of England, SEC EDGAR, the White House and the DOJ. Context notes are neutral and information-only, Kresmion publishes no buy or sell recommendations.
Public RSS feeds · refreshed every 30 minutes
256 items · enforcement · clear filters
- EagleBank Agrees to Pay More than $9.7 Million to Resolve Bank Secrecy Act Investigation
EagleBank and its parent Eagle Bancorp Inc. entered a non-prosecution agreement with the Justice Department, agreeing to pay more than $9.7 million to resolve a Bank Secrecy Act investigation.
- Telemedicine Company Owner and Author of Health Care Compliance Books Sentenced for $136M Medicare Fraud Scheme
The DOJ reported that the owner of two telemedicine firms was sentenced to 120 months in prison and ordered to pay $66 million restitution for a $136 million Medicare fraud scheme involving unnecessary durable medical equipment and prescription drugs.
- Chinese National Pleads Guilty to Narcotics Trafficking, Money Laundering, and Material Support to Terrorism in Homeland Security Task Force Investigation
A Honduras-based Chinese national, extradited from Guatemala, pleaded guilty to conspiring to import cocaine into the United States, laundering drug-derived money, and providing material support to the designated terrorist group Cártel de Jalisco Nueva Generación.
- Upstate New York Woman Arrested, Charged with Attempting to Provide Material Support to the Palestine Islamic Jihad
The Justice Department announced that Catherine Beth Washburn, 37, of Irondequoit, New York, was arrested and charged with attempting to provide material support, including currency, to the designated foreign terrorist organization Palestine Islamic Jihad (PIJ), also known as Al-Quds Brigades.
- Three Illegal Alien MS-13 Members Convicted of Nine Murders, Kidnapping, and Racketeering Charges Following Homeland Security Task Force Effort
A federal jury in Nevada convicted three men, Jose Luis Reynaldo Reyes-Castillo, 30, David Arturo Perez-Manchame, 27, and Joel Vargas-Escobar, 30, of conspiracy to participate in a racketeering enterprise involving murder, attempted murder, kidnapping and related gun offenses.
- The Department of Justice Files Complaints Against Massachusetts and Rhode Island Challenging State Laws that Provide In-State Tuition to Illegal Aliens
The U.S. Department of Justice's Civil Division filed complaints against Massachusetts and Rhode Island, challenging state laws that provide in-state tuition and financial assistance to illegal aliens, alleging they discriminate against U.S. citizens without comparable benefits.
- Member of Vast International Alien Smuggling Organization Pleads Guilty
A Mexican man extradited from Mexico pleaded guilty to conspiring to smuggle thousands of individuals from multiple countries into the United States for financial gain, according to the Department of Justice.
- Justice Department to Rename Division as Energy and Natural Resources Division
The U.S. Department of Justice announced it will rename its current division to the Energy and Natural Resources Division, as disclosed by Principal Deputy Assistant Attorney General Adam Gustafson in a Wall Street Journal op-ed.
- Justice Department Sues States for Failing to Provide SNAP Data to the U.S. Department of Agriculture
The Justice Department filed lawsuits against Kentucky, Pennsylvania, Michigan and Minnesota, seeking court orders that require their SNAP agencies to provide the USDA with five years of applicant data after the states declined to do so.
- President Trump’s Religious Liberty Commission Delivers Historic Report Draft
The Religious Liberty Commission, created by President Trump in May, has delivered a draft historic report outlining emerging threats to religious liberty and recommendations for upholding federal protections.
- Alabama Man Sentenced to 10 Years in Prison on Federal Dog Fighting and Firearms Charges; 78 Dogs Rescued and “Destructive Device” Recovered
Carlton Lenard Adams of Bessemer and Adger, Alabama, was sentenced to 120 months in prison for four counts of dog-fighting possession and two counts of firearm possession, and ordered to pay $548,449 restitution for 78 rescued dogs, the second-largest rescue.
- Extradited Canadian American Man Pleads Guilty for Role in Deadly Alien Smuggling Conspiracy
A dual Canadian-American citizen extradited from Canada pleaded guilty to participating in a human-smuggling conspiracy that led to the deaths of a family, including two children under three, in the St. Lawrence River.
- Arizona Woman Pleads Guilty to $7.7 Million Tax Refund Fraud Scheme
An Arizona woman pleaded guilty to a scheme that sought to obtain more than $7.7 million in government funds by filing false tax returns with the IRS.
- Two Men Sentenced to a Total of Over 21 Years in Prison for Roles in Carjacking and Robbery
A federal judge sentenced Marterrio Armstrong, 21, of Memphis, Tennessee, to 8.5 years and Jacam’Ron McIntosh, 21, of Oxford, Mississippi, to 13 years in prison for a gunpoint carjacking and robbery.
- Los Angeles Man Convicted of Sex Trafficking
A federal jury in the Central District of California convicted a Los Angeles man of sex trafficking by force, fraud, or coercion.
- Minnesota Tax Preparer Convicted of Preparing $1M+ in False Tax Returns for Clients
A federal jury convicted a Minnesota tax preparer of filing false tax returns totaling over $1 million for his clients.
- Former U.S. National Security Advisor John R. Bolton, II Pleads Guilty to Violating the Espionage Act
Former U.S. National Security Advisor John R. Bolton II pleaded guilty in federal court to retaining defense information and sending classified material to unauthorized family members via accounts, including an email later compromised by a cyber actor linked to Iran.
- Chicago Man Arrested in Connection with Planned Violent Attack at Ultimate Fighting Championship Event at White House
The Department of Justice announced that a Chicago man was arrested for allegedly planning a violent attack at the Ultimate Fighting Championship event held at the White House earlier this month.
- Two Illegal Aliens Sentenced in International ATM “Jackpotting” Conspiracy with Ties to Tren de Aragua
The U.S. Department of Justice reported that Carlos Javier Padron, a 36-year-old Venezuelan illegal alien, was sentenced to 78 months in prison for participating in an international ATM jackpotting scheme linked to the Tren de Aragua criminal organization.
- United States Seizes Hundreds of Internet Domains Used to Illegally Stream World Cup Matches
The U.S. Department of Justice announced the seizure of approximately 400 internet domains that were used to stream FIFA World Cup Finals matches without authorization, citing violations of U.S. copyright law.
- Memphis Man Sentenced to Over Seven Years in Prison for RICO Conspiracy
Larry Wilson, 36, of Memphis, Tennessee, was sentenced to 87 months in prison after being convicted of RICO conspiracy, according to the Department of Justice.
- Illegal Alien from Honduras Sentenced for $89 Million Off-the-Books Payroll Tax Fraud Scheme Employing Illegal Aliens
The Department of Justice reported a Honduran illegal alien was sentenced to 96 months in prison for operating a cash payroll scheme that employed illegal workers, causing a loss of over $38 million and $89 million in payroll tax fraud.
- Northern California Man Pleads Guilty to Years-Long Securities Fraud Spoofing Scheme
A Northern California man pleaded guilty to more than 3,000 instances of manipulative trading and spoofing in a multi-year securities fraud scheme, according to a Department of Justice announcement.
- California Man Charged with Distributing and Producing Child Sexual Abuse Material
A federal grand jury in the Central District of California indicted Andrew Dominguez, 37, of Los Angeles, on charges of producing and distributing child sexual abuse material.
- Court Clears Way for Energy Development in Gulf of America
District Court of Maryland dismissed a lawsuit challenging Marine Fisheries Service’s biological opinion and incidental take statement for Gulf of America oil and gas activities, ruling case moot and outside its jurisdiction because of an ESA exemption; dismissal effect yesterday.
- North Carolina Man Sentenced to More than Two Years in Prison for Conspiracy Related to Videos Depicting Monkey Torture and Mutilation
A North Carolina man was sentenced to 28 months in prison and three years of supervised release for conspiracy tied to online groups that produced and distributed videos showing extreme violence and sexual abuse of monkeys.
- Homeland Security Task Force Case Sends Sibling Co-Conspirators to Federal Prison for Roles in Transnational Criminal Organization
A Homeland Security Task Force investigation led to a brother receiving a life sentence and his sister receiving a 33-year sentence for participation in a large-scale alien smuggling organization tied to the Cartel De Jalisco Nueva Generación.
- Four Individuals Sentenced to Prison for Insider Trading Scheme
The Department of Justice announced that two individuals were sentenced yesterday for insider trading based on material nonpublic information about a $3.2 billion merger, generating over $600,000 in illicit profits; two additional participants were sentenced on May 4.
- The Department of Justice Reaches a Proposed Consent Decree with Kansas to Enjoin the State from Enforcing its Unconstitutional In-State Tuition and Scholarship Programs for Illegal Aliens
The U.S. Department of Justice filed a complaint and, with Kansas, submitted a proposed consent decree seeking to block the state's in-state tuition and scholarship programs for undocumented immigrants, alleging they violate the Constitution.
- Illegal Alien Sentenced for Production of Child Sexual Abuse Material
The Department of Justice reported that Samuel Flores de Dios, a 36-year-old Mexican national, was sentenced to 30 years in prison and lifetime supervised release for producing child sexual abuse material by recording himself abusing a victim under 13.