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Category: Fraud

$5.2B settlement in Stamford co. case

By Alexander Soule The U.S. Department of Justice finalized a $5.2 billion settlement by the former corporate parent of Stamford-based Tronox, which was left saddled with massive liabilities after
Categories: Fraud, Stamford
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Ex-Stamford rep. gets SEC penalty

The Securities and Exchange Commission barred a former member of Stamford’s Board of Representatives from associating with any broker, dealer or other individuals and entities involved in the sale of

Conn. man nabbed on federal charges for bad app.

Apparently, there wasn’t an app. for that. Federal agents say a Middletown man was offering friends a chance to get in on the ground floor of his new tech business, but instead he was just grinding up
Categories: Fraud

Banks pay $7 million for bad behavior in 4,670 Connecticut foreclosures

Remember when the banks faked court documents to speed up the foreclosure process and kept losing the paperwork from desperate people trying to modify mortgages in the heart of the downturn? Well, the

Stamford, Bridgeport, Norwalk and SHU get UBS checks

UBS AG has issued $541,000 in restitution checks to 10 Connecticut bond issuers who were affected by an alleged bid rigging scheme, according to Attorney General George Jepsen. UBS settled the
Categories: Banking, Fraud

Raj Rajaratnam’s little brother charged with insider trading

With his brother Raj Rajaratnam already sitting in a federal penitentiary for insider trading, his little brother Rengan Rajaratnam is now facing similar charges. The U.S. Securities and Exchange

Entrenched in underground economy, man goes to jail

This item from Justice came out Monday. It’s another example of the law unearthing underground economic activity. One of the contributing factors to the decline in the state’s labor force in the last

Car breakdown leads to 41 months in jail for hedge fund CFO

Darrin Foster formerly of the Bronx, spent six years using a Westport hedge fund as his personal piggy bank and two years on the lamb from law enforcement, will head to jail to serve 41 months for

State snatching tax refunds from ‘unemployed’ chiselers

The Connecticut Labor Department said this week a new program aimed at recovering money from people who were cashing unemployment benefits checks while employed has intercepted $2.66 million in

Ridgefield-based hedge fund executives indicted

David B. Fein, United States Attorney for the District of Connecticut, and Kimberly K. Mertz, Special Agent in Charge of the New Haven Division of the Federal Bureau of Investigation, announced
Categories: Fraud, Hedge Funds