Wal-Mart Stores Inc. may spend hundreds of millions of dollars investigating $24 million in alleged Mexican bribes as the U.S. government weighs whether the company or executives also broke the law by covering up an internal probe, former federal prosecutors said.
The U.S. Consumer Financial Protection Bureau is seeking comment on the use of clauses that require consumers to resolve disputes with companies through arbitration rather than through the court system.
R. Allen Stanford’s jury, after finding the Texas financier guilty of leading a $7 billion international fraud, is now deliberating whether he should forfeit $330 million in assets sought by federal prosecutors.
R. Allen Stanford’s jury, a day after finding the Texas financier guilty of leading a $7 billion international fraud, heard evidence on federal prosecutors’ request that he forfeit $330 million in assets.
Aiming to stay a step ahead of “the next Madoff,” the Securities and Exchange Commission is set to hire University of Texas professor Henry Hu to oversee risk analysis and seek out market areas where abuses may emerge, Joshua Gallu, Jesse Westbrook and David Scheer report.
R. Allen Stanford , the indicted financier, sued U.S. prosecutors and agents of the FBI and Securities and Exchange Commission, accusing them of “abusive law enforcement” and seeking $7.2 billion in damages.