federal prosecutors

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JPMorgan Execs Unscathed in $1.7B Madoff Settlement

Fines will go to pay off victims

(Newser) - JPMorgan has officially signed off on a $1.7 billion settlement laying to rest complaints about its dealings with infamous Ponzi schemer Bernard Madoff. Prosecutors accuse the bank of turning a blind eye to Madoff's frauds—the bank filed a Suspicious Activity Report on Madoff with UK regulators in... More »

Va.'s McDonnell to Feds: Can You Indict Me Next Month?

US Attorney was ready to charge sitting governor

(Newser) - This was almost the week that, for the first time in state history, a sitting Virginia governor was indicted. US Attorney Dana Boente told Bob McDonnell last week that they were about to file charges against him and his wife related to the ongoing gifts scandal surrounding them, but McDonnell'... More »

25 Years for a Minor Hack of a Website?

Feds overreach in Reuters case, as they did with Aaron Swartz

(Newser) - Federal prosecutors threatening Matthew Keys with 25 years in prison for helping hackers write some goofy vandalism on one LA Times story is so over the top that it's clear feds are just using "garbage charges" as a "bludgeon" to get a plea bargain, writes Justin Peters... More »

Feds: 'Psychic' Family Scammed $40M

Claimed they spoke to God, made a fortune

(Newser) - If only they were real psychics, maybe they would have seen this coming. A Florida family has been indicted for running a psychic advice business that scammed clients out of $40 million over two decades, reports the Miami Herald . In "Operation Crystal Ball," federal prosecutors charged 10 people... More »

Johnson & Johnson Charged Over Drug Kickbacks

Firm paid pharmacy tens of millions to push its drugs: feds

(Newser) - Federal prosecutors filed a complaint today against Johnson & Johnson, charging that it paid “tens of millions of dollars in kickbacks” to a major national pharmacy serving nursing homes. In exchange, the government alleges, that pharmacy, Omnicare Inc., would boost the sales of J&J’s drugs, including the... More »

Feds Will Back Off Medical Pot Operations

No more crackdowns on outlets that comply with state law

(Newser) - The Obama administration will stop cracking down on medical marijuana centers operating legally under state law, according to a new policy expected to be released today. The move is a significant departure from the Bush administration, which continued to bust such operations for breaking federal law. Under the new strategy,... More »

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