Ian Thomas is a business journalist based in New York.
Security at U.S. college entrance examinations will be tightened this fall after widespread cheating was disclosed last year, testing officials and the Nassau County, New York, district attorney’s office said.
Ex-Galleon Group LLC trader David Slaine, who helped lead U.S. authorities to investigate the hedge fund firm’s co-founder, Raj Rajaratnam, was sentenced to three years probation for securities fraud.
Mario Batali, the celebrity TV chef and New York restaurant owner, is often seen with actress Gwyneth Paltrow, taste-testing the culinary delights of Spain in their public television series “On the Road Again.”
A California man pleaded guilty to taking part in a scheme to illegally export millions of dollars’ worth of computers to Iran through Dubai, U.S. prosecutors said.
Adam Klein, one of five Columbia University students arrested in December 2010 and charged with selling drugs on the New York City campus, was sentenced to five years’ probation after pleading guilty in January to attempted criminal possession of a controlled substance.
The jury weighing criminal charges against Pedro Espada Jr., the former Democratic majority leader of the New York state Senate, told the judge that it couldn’t reach a verdict.
Pedro Espada Jr., the former New York state Senate Democratic majority leader, didn’t steal from nonprofit health-care clinics he and his son run, his lawyer told the jury at the end of their criminal trial.
Pedro Espada Jr., the former New York state senate Democratic majority leader, was found guilty of stealing from nonprofit health-care clinics he runs in the Bronx.
Kenneth Heller, a disbarred New York maritime lawyer, was sentenced to 45 days in jail for using an offshore UBS AG account to hide income from U.S. tax authorities.
Brian Kim, founder and operator of the hedge fund Liquid Capital Management LLC, pleaded guilty to grand larceny after being accused by Manhattan prosecutors of running a $6 million Ponzi scheme.
McDermott Will & Emery LLP will open an office in Seoul as a trade deal allowing U.S. law firms to practice in South Korea increases demand for international representation by Korean clients, the firm said.
While conduct that contributed to the 2008 market collapse was “morally reprehensible,” it wasn’t necessarily criminal, said U.S. Attorney General Eric Holder.