Tom Hanks has a knack for playing the roles that define American generations. In “Saving Private Ryan,” he embodied the courage of the men who landed on the Normandy beaches under heavy fire. In “Apollo 13,” he conveyed calm and ingenuity under intense pressure: “Houston, we have a problem.” And Forrest Gump revealed much about America before, during and after the Vietnam War.
HSBC Holdings Plc’s Mexican branches had become so well-known to drug traffickers as the place to launder proceeds from illicit sales that cartels began using special boxes to speed transactions, U.S. prosecutors said.
John Edwards committed the perfect crime. He began an affair with campaign videographer Rielle Hunter on the night she waited outside his New York hotel and told him he was “hot” and later produced a child with her. Yet he didn’t suffer for it at the polls. He lost his bid for the White House in 2008 simply because voters, who knew nothing of his dalliance, concluded that he wasn’t presidential timber. Nor was he denied access to his children, as men in his situation so often are. Instead, he won them in an existential custody fight that his wife lost by dying.
In October 2007, Todd Farha and his company were thriving. The chief executive officer of WellCare Health Plans Inc. had sold $57 million of his stock over three years as the share price rose seven-fold. Starting in 2002 with seed money from a George Soros fund, he had built WellCare into the largest insurer in Florida’s Medicaid program.
Lee Farkas , the former chairman of Taylor, Bean & Whitaker Mortgage Corp., was accused by the U.S. of helping run a more than $1.9 billion fraud scheme that unsuccessfully attempted to steal money from the government’s Troubled Asset Relief Program.
Nov. 15 (Bloomberg) -- U.S. Attorney General Eric Holder, Associate Attorney General Tony West, Assistant Attorney General Lanny Breuer of the Justice Department's Criminal Division, and Robert Khuzami, director of the Securities and Exchange Commission's Division of Enforcement, speak at a news conference about the settlement reached with BP Plc in the wake of the 2010 Deepwater Horizon oil rig explosion in the Gulf of Mexico that resulted in the worst U.S. offshore oil spill. Holder also speaks about the investigation that led to the resignation of CIA Director David Petraeus. (Source: Bloomberg)
Lanny Breuer, the U.S. Justice Department’s outgoing criminal division chief, said prosecutors have a new paradigm for corporate crime investigations, with wiretaps and insider witnesses becoming core components in the search for fraud convictions.