Wire Fraud News
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Alcatel-Lucent SA lost its appeals court bid to revive patent-infringement claims against Overstock.com Inc. and Newegg Inc. over online shopping in an effort to increase its royalties.
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Three men who claimed they had special access to Facebook Inc. shares before its initial public offering last year were charged with defrauding an investor of $6.7 million.
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Citigroup Inc. was accused in a lawsuit by William Salomon of supplying the 99-year-old former Wall Street banker and son of the founder of Salomon Brothers with a personal secretary who was later convicted of stealing from him.
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Three former UBS AG executives convicted of bid-rigging should get prison terms ranging from more than 11 years to almost 20, U.S. prosecutors argued.
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Apple Inc., the maker of the iPad and iPhone, applied for a patent on a battery aimed at using space within a mobile device more efficiently.
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Dow Chemical Co., the largest U.S. chemical maker by sales, said it received $2.19 billion in cash from Petrochemical Industries Co. of Kuwait as compensation for the cancellation of a joint venture more than four years ago.
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The U.S. is accusing Kim Dotcom, the founder of the cloud-storage service Megaupload.com, of crimes that don’t exist under U.S. law, his lawyers said.
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Lorraine Brown, former president of the mortgage document processor DocX LLC, was sentenced to at least 40 months in prison on a racketeering charge in a robo- signing case, Michigan Attorney General Bill Schuette said.
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Pilot Corp. and Chief Executive Officer Jimmy Haslam were sued by a Wisconsin trucking firm over federal allegations that its Pilot Flying J truck-stop business cheated customers on fuel rebates.
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A former General Motors Co. engineer’s husband was sentenced to three years in prison for stealing hybrid technology trade secrets from the carmaker to help develop vehicles in China.
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