Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.
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 »
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 »
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. 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 »
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 »
Conrad Black enters a Chicago court room in 2007. (Tribune file)
Will former media mogul Conrad Black eventually head back to prison? Or will the flamboyant, 66-year-old’s long-running legal saga end with a judge setting him free for good? A status hearing Thursday in Chicago isn’t likely to answer those questions definitively, though it could provide clues about what U.S. District Judge Amy St. Eve is inclined to do.
Two years into a 6 1/2-year sentence, Black was released last year from a Florida prison while he appealed his conviction for defrauding Hollinger International Inc. investors. Black, whose media empire once included the Chicago Sun-Times, The Daily Telegraph of London and community papers in the U.S. and Canada, was expected to attend Thursday’s hearing. Get the full story »
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.
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 »
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 »
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 »
An Illinois couple convicted of defrauding Best Buy out of more than $32.8 million and failing to pay taxes on their fraudulent gains has been sentenced.
Prosecutors alleged that Russell and Abby Cole of Deerfield systematically overbilled the Richfield-based electronics retailer for four years through an online auction program. Get the full story »
Conrad Black has lost an appeal of his remaining convictions on fraud and obstruction of justice.
The federal appeals court in Chicago said Friday that it has rejected a request by the former media tycoon for a full-court review of his case.
Get the full story »
Three employees at public companies and an executive of an expert-networking firm on Thursday became the latest to be charged in a wide-ranging Wall Street insider trading probe.
James Fleishman, 41, of Santa Clara, Calif., the networking executive, was charged with wire fraud and conspiracy for providing confidential information to the firm’s clients, including hedge funds, U.S. Attorney Preet Bharara said. Get the full story »
A British judge granted bail to WikiLeaks founder Julian Assange Tuesday, saying he must abide by strict conditions as he fights extradition to Sweden in a sex-crimes investigation.
The 39-year-old Australian has been in a London prison for a week after surrendering to Scotland Yard due to a Swedish arrest warrant. Get the full story »
A former Decatur man who pleaded guilty to stealing more than $15 million from about 300 people in central Illinois through a Ponzi scheme is scheduled for sentencing Friday in federal court in Peoria.
William Huber of La Jolla, Calif., pleaded guilty Aug. 10 to mail fraud, money laundering and other charges. The 61-year-old faces up to 50 years in prison and a maximum fine of $1 million. Get the full story »
