Credit Suisse Group AG and BNP Paribas SA are at risk of being criminally charged by U.S. and state prosecutors, a person familiar with the matter said, signaling that authorities are taking a tougher approach as they seek to resolve probes of major banks.
When most people get a bad bottle of wine, they send it back. When billionaire collector William Koch concluded the vintage wines he bought at auction were counterfeit, he made a federal case out of it.
Reverend Steven Jamison recalls the February day 13 years ago when he was digging ditches to replace culverts at his Maranatha Faith Center in Columbus, Mississippi. As he switched from a shovel to an excavator, an oily black substance began to fill the trench. It smelled like turpentine, and the deeper he dug, the more he saw, Bloomberg Markets magazine reports in its June issue.
Billionaire collector William Koch, after waging a $17 million legal battle over 24 bottles of counterfeit Bordeaux, was awarded $12 million in punitive damages by jurors, some of whom shook his hand after court.