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 from DOJ · clear filters
- Nevada Man Pleads Guilty to Rigging Bids for Healthcare-Related and Other Air Force Projects
Former employee of a shelving and storage distributor pleaded guilty to two felonies for conspiring to rig bids and defraud the Department of War in sales of shelving products to Air Force healthcare and operations facilities.
- Justice Department Intervenes in Support of Law Enforcement Challenge to Colorado Law
The U.S. Department of Justice filed an intervention supporting a lawsuit by local law enforcement officials challenging Colorado’s HB21-1060, arguing the law disrupts the process allowing crime victims to remain temporarily in the country to aid prosecution.
- Member of Drug Trafficking Organization Sentenced to 19 ½ Years in Prison for Fentanyl Analogue Distribution and Money Laundering
The Department of Justice reports that a man from Essex County, New Jersey, was sentenced to 234 months in prison and five years of supervised release for distributing hundreds of kilograms of fentanyl analogues and for money-laundering offenses.
- Aspiration Partners Co-Founder Sentenced to Prison for $248M Scheme to Defraud Investors and Lenders
A California co-founder and former board member of Aspiration Partners, Inc. was sentenced to 14 years in prison for a five-year scheme that allegedly defrauded lenders and investors of at least $248 million.
- Final Defendant Sentenced to Prison in Multimillion Dollar Tax Refund Fraud Scheme
A fourth family member was sentenced to 90 months in prison on May 28 after a jury trial convicted four men in a multimillion-dollar tax-refund fraud scheme, according to the Department of Justice.
- Nurse Practitioner Convicted for Illegal Distribution of Controlled Substances
A federal jury in the Middle District of Tennessee convicted a Tennessee nurse practitioner of illegally distributing controlled substances, according to the Department of Justice.
- Activist Short Seller Convicted for $21M Stock Market Manipulation Scheme
A federal jury in Los Angeles convicted an activist short seller of securities fraud, finding involvement in a market manipulation scheme that generated over $21 million in profits.
- Justice Department Secures Motion to Allow Continued Construction of Idaho Gold Mine Critical to National Defense
The U.S. District Court for Idaho denied a preliminary injunction, permitting continued construction of the Stibnite Gold Project, which aims to supply domestic antimony for defense applications, reducing reliance on foreign, primarily Chinese, sources.
- Justice Department Leads Counter-Timber Trafficking Workshop in Gabon
The U.S. Justice Department’s Environment and Natural Resources Division, the U.S. Forest Service and Gabon’s Ministry of Water, Forests and Environment held a workshop in Gabon with participants from Cameroon and Vietnam to combat illegal timber trade and support commerce.
- Justice Department Statement on Lighthiser Case in Montana
The Court of Appeals for the Ninth Circuit affirmed a district court’s dismissal of Lighthiser et al. v. Donald J. Trump et al., a lawsuit challenging the president’s executive orders to unleash American energy and declare a national energy emergency.
- Laboratory Executives, Marketers, and Physician to Pay Over $2M to Settle Allegations of Illegal Kickbacks to Doctors
Former laboratory CEO Susan Hertzberg and former sales executive Matthew Theiler agreed to pay $1.2 million to settle False Claims Act allegations that they made illegal kickbacks to physicians for laboratory referrals, violating the Anti-Kickback Statute.
- Former Correctional Officer Sentenced to 33 Months in Prison for Conspiracy, Obstruction of Justice Charges Related to Unlawful Beating of Inmate
Former correctional officer Jermaine Sturgis, 41, a former lieutenant at Eastern Correctional Institution in Westover, Maryland, was sentenced in Baltimore federal court to 33 months in prison and one year supervised release for conspiracy to obstruct an inmate assault investigation.
- Brooklyn Man Charged with Threatening to Assault and Murder ICE Officer and His Family
The Department of Justice announced that a Brooklyn man was charged with threatening to assault and murder a U.S. Customs and Immigration Enforcement officer and the officer’s family outside an ICE detention facility.
- Man Sentenced for Kidnapping Victim at Gunpoint and Seeking Ransom for Drug Debt
A North Dakota man was sentenced to 30 years in prison for kidnapping, beating and transporting a victim across state lines to Minnesota at gunpoint to collect an unpaid drug debt, according to the DOJ.
- Justice Department Secures Ruling to Allow Montana Vegetation Management Project to Proceed
The U.S. District Court for Montana upheld the Forest Service’s Mud Creek Project in the Bitterroot National Forest, permitting prescribed burns, fuel-reduction treatments and up to 13,700 acres of commercial timber harvest, with state and local agencies defending the project.
- Justice Department Office of Legal Counsel Concludes Immigrant Welfare Eligibility Rules Apply to FCC Lifeline Program
The Department of Justice Office of Legal Counsel issued an opinion stating that non-citizens must meet the Personal Responsibility and Work Opportunity Reconciliation Act eligibility and verification requirements to qualify for the FCC’s Lifeline telephone and broadband discount program.
- Member of the Fully Blooded Felons Gang Sentenced to 12 Years in Prison for RICO, Drug, and Firearm Offenses
Jeffrey Lee, 25, a member of the Fully Blooded Felons gang, was sentenced to 12 years in prison after pleading guilty to RICO conspiracy, fentanyl distribution, and firearm possession during a drug-trafficking offense.
- County Housing Official Sentenced for His Role in Multimillion-Dollar Scheme to Receive Bribes From Hawaii Businessman and Attorneys
Former Hawaii County Housing Specialist Alan Scott Rudo, 59, was sentenced to 46 months in prison for conspiracy to receive bribes from a Hawaii businessman and attorneys in exchange for official actions.
- Florida Man Sentenced to 18 Months in Prison for Biofuel Fraud Conspiracy
The DOJ sentenced a Florida owner to 18 months in prison, two years release, $2.86 million restitution and a $150,000 fine for a scheme that produced over $7 million in fraudulent EPA fuel credits and sought over $6 million in…
- California Man Sentenced to 65 Months in Prison for Trafficking At Least 1,700 Animals into the United States from Mexico
A California resident received a 65-month prison sentence after being convicted of smuggling at least 1,700 reptiles into the United States from Mexico, Hong Kong and other locations over a six-year period.
- New Jersey Rioter at Delaney Hall Charged for Kicking and Biting ICE Officers
The Department of Justice announced that a New Jersey man was arrested and charged with assaulting ICE officers, including kicking and biting, causing bodily injury.
- Dual Iranian-Iraqi National Indicted for Providing Material Support to Terrorist Organizations
The U.S. Department of Justice announced the indictment of a dual Iranian-Iraqi national on charges of providing material support to designated terrorist organizations.
- Bank Insider Pleads Guilty to Facilitating Fraud Schemes at Two Financial Institutions
A former TD Bank N.A. employee, Cheungkin “Kelvin” Lam, pleaded guilty to defrauding TD Bank customers and bribing an employee at another financial institution to falsify records, enabling more than $3.4 million in fraud, according to the DOJ.
- Fraudster Who Sold Personal Information of Over 7 Million Elderly Americans to Jamaican Scammers Sentenced to Prison
A North Carolina man received a 121-month prison term, three years of supervised release, and a $5,214,688.48 forfeiture for operating a seven-year scheme that sold personal data of more than 7 million elderly Americans to Jamaican lottery fraud scammers.
- Justice Department Sues States for Denying Undercover License Plates to Federal Law Enforcement
The U.S. Department of Justice filed lawsuits on Wednesday against Maine and another state, alleging they denied federal law-enforcement officers access to undercover license plates required for investigations.
- San Antonio Tow Company to Pay $280,000 for Illegally Auctioning Servicemember-Owned Vehicles
The Justice Department announced that San Antonio tow company Vehicle Management Solutions Inc. will pay $280,000 to settle allegations it illegally sold or scrapped about 93 vehicles owned by U.S. servicemembers, violating the Servicemembers Civil Relief Act.
- Clinic Manager Convicted of $8M Medicare Fraud Scheme
A federal jury in the Eastern District of New York convicted a New York clinic manager for her role in an $8 million Medicare fraud conspiracy.
- Civil Division Moves to Fast-Track Benefits Fraud Enforcement
- Staten Island Man Sentenced for Murder-For-Hire Plot and Stalking a Journalist and Prominent Critic of the Iranian Government
- Justice Department Recovers Over $6M in Additional Funds Linked to 1MDB Scheme