Filed under: Criminal charges

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Unilever, P&G fined for fixing prices on detergent

Consumer goods giants Unilever and Procter & Gamble were fined $456 million by EU regulators on Wednesday for fixing washing powder prices in eight EU countries. Get the full story »

Illinois ranked No. 8 in bank robberies last year

The state of Illinois might be notorious for its financial troubles, but at least it barely cracked the Top 10 of states with the most bank robberies in 2010, according to newly released statistics from the FBI. Get the full story »

FDA chemist and son charged with insider trading

A U.S. Food and Drug Administration chemist and his son were charged with using inside information about drug approvals to reap more than $3.6 million in profits, in an embarrassing blow to the health industry regulator. Get the full story »

Trustee: Citi shopped Madoff to other banks

Citigroup Inc. tried to pass its exposure to Bernard Madoff to other banks just months before his epic fraud was revealed, the Madoff trustee said in a lawsuit accusing a second major U.S. bank of unsavory dealings with the financier.

Trustee Irving Picard said red flags about Bernard L. Madoff Investment Securities LLC were apparent to Citi as early as 2005, according to court papers unsealed Monday. The lawsuit seeks $425 million from the bank. Get the full story »

Former Disney staffer sentenced in trading scheme

A former Walt Disney Co.  administrative assistant was sentenced to four months home detention Tuesday after admitting to engaging in a scheme last year to sell early access to the entertainment company’s earnings.

Federal prosecutors in Manhattan alleged that Bonnie Hoxie, the former assistant to Disney’s head of communications, gave her then-boyfriend Yonni Sebbag information about Disney’s results before their public announcement last spring. Get the full story »

Regent Realty owners indicted in fraud

The co-owners of a Chicago realty company that managed dozens of condominium properties have been charged with fraud for allegedly stealing more than $2 million in assessment payments, the U.S. attorney’s office in Chicago said Thursday.

Donald Doering of Wilmette and Jay Strauss of Scottsdale, Ariz., were each charged with three counts of wire fraud in a federal indictment returned by a grand jury Wednesday. Get the full story »

Bronfman fined in Vivendi insider trading case

A French court fined Warner Music Group Chairman and CEO Edgar Bronfman Jr. 5 million euro ($6.7 million) on Friday for misleading investors about the Vivendi media conglomerate when he was a top executive there.

The court also convicted former high-flying Vivendi CEO Jean-Marie Messier of misusing company funds and misleading investors and handed him a three-year suspended prison sentence. Get the full story »

Accused iPad hackers deny wrongdoing

An online group implicated in the theft of 100,000 e-mail addresses of Apple iPad users says two of its members arrested Tuesday did nothing wrong.

Daniel Spitler and Andrew Auernheimer face counts of fraud and conspiracy to access a computer without authorization. The counts each carry a five-year maximum prison sentence. Get the full story »

Ex-Chicago fund manager charged in $3.5M fraud

A former Chicago hedge fund manager accused of engaging swindling more than $3.5 million from approximately 48 victims who invested in funds he purported to operate, has turned himself in to federal authorities.

James Brandolino, 42, of Joliet and formerly of Chicago, was charged with mail fraud in a criminal complaint filed in U.S. District Court by U.S. Attorney Patrick Fitzgerald. Prosecutors said he obtained about $4.7 million from 48 high net worth investors since 2003 for purported managed futures trading accounts and a commodity pool investment. He provided about $1.1 million in investor redemptions and allegedly lost roughly half of the total invested funds through trading and misused most of the remaining funds for his own benefit, prosecutors said. Get the full story »

U.S, pursuing criminal charges in iPad data theft

U.S. investigators plan to announce criminal charges concerning the alleged theft of email addresses and other personal information belonging to about 120,000 users of Apple Inc’s iPad tablet computer. Get the full story »

WikiLeaks adds $15K to Manning defense fund

Supporters of U.S. Army Pfc. Bradley Manning, who is suspected in one of the biggest security breaches in U.S. history, said Thursday that Web site WikiLeaks has fulfilled its pledge to aid in his defense by contributing $15,100, the Associated Press reported.

The Bradley Manning Support Network announced the gift. Get the full story »

Ex-Chicago banker pleads guilty in securities fraud

Bloomberg News | Alexei Koval, a former pricing manager at Northern Trust Corp., has pleaded guilty to securities fraud in an insider trading scheme with former UBS banker Igor Poteroba. Poteroba pleaded guilty last month.

3 Chicago ‘entrepreneurs’ accused of $4M fraud

A federal indictment accuses three Chicago residents who allegedly posed as successful entrepreneurs with defrauding more than 50 victims out of approximately $4 million. Get the full story »

U.S. announces new insider trading arrest

A California woman has been arrested on charges of leaking secrets about technology companies to hedge funds, as federal prosecutors expand their probe into insider trading. Get the full story »

Massachusetts man charged in $9.6M fraud

A Massachusetts man is accused defrauding more than 50 investors by  running a Ponzi-style scheme with their $9.6 million.

Randy M. Cho, 39, told investors he was a self-employed securities trader who had a special relationship with Goldman Sachs and could buy discounted shares of well-known companies such as Google, Facebook and Rosetta Stone before their initial public offerings,  according to court documents. Get the full story »