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SAC's Martoma says U.S. impedes defense in fraud case

May 21, 2013 11:46
(Reuters) - Former SAC Capital Advisors portfolio manager Mathew Martoma said the government is impeding his ability to defend against criminal insider trading charges by trying to link him to an alleged long-running conspiracy for which it has only "vague" details. In papers filed on Monday night in U.S. District Court in Manhattan, Martoma said he was seeking more information about federal prosecutors' case against him.

Jury convicts two aides of New York City mayoral hopeful

May 9, 2013 03:54
By Jonathan Allen NEW YORK (Reuters) - A federal jury on Thursday convicted two former fundraising associates of John Liu, a Democratic candidate for mayor of New York City, a setback in Liu's attempt to emerge from a crowded field to succeed Michael Bloomberg as mayor later this year.

NY state senator charged with stealing funds for failed campaign

May 7, 2013 14:03
By Jessica Dye NEW YORK (Reuters) - A New York state senator from Brooklyn was charged on Monday with stealing proceeds from sales of foreclosed properties to finance a failed run for district attorney, prosecutors said, making him the state's latest politician to face federal criminal charges.

US busts alleged Russian mob gambling ring

April 17, 2013 04:30
US federal prosecutors have charged 34 people allegedly linked to the Russian mob with running a high stakes illegal gambling business catering to multi-millionaires and billionaires. Clients, including Russian oligarchs, wracked up debts worth hundreds of thousands and even millions of dollars, the Justice Department said in a statement Tuesday announcing the bust. Faced with the wrath of the Russian mob, the gamblers paid up, the statement said, citing one client, who lost some $2 million and surrendered his plumbing company as payment.

New York politicians arrested in alleged mayoral race bribe scheme

April 4, 2013 13:04
A high-ranking Democratic New York State senator was arrested on Tuesday and charged with trying to buy a place on the Republican ticket in the city's mayoral race, in what prosecutors said was part of a bribery scandal that reflected pervasive corruption in New York politics.Five other politicians, three Republicans and two Democrats, were also arrested and charged with collectively accepting more than $100,000 in bribes in meetings that often took place in parked cars, hotel rooms and state offices, according to court papers.Authorities described the scheme -- potentially o

New York mayor race corruption probe snares pols

April 2, 2013 14:15
A senior New York State politician was arrested Tuesday on charges that he tried to bribe his way onto the ballot for the Big Apple's upcoming mayoral election. Malcolm Smith, a veteran Democratic senator in the state assembly in Albany, was among six people, including several local officials, charged in the alleged scheme. Prosecutors say that Smith, 56, tried to bribe Republicans to put him on their party's ticket for the November election to replace billionaire Mayor Michael Bloomberg, who is stepping down.

U.S. authorities charge three over 'Gozi' computer virus

January 23, 2013 18:15
(Adds details on charges, quotes from U.S. Attorney in Manhattan, FBI official) By Bernard Vaughan NEW YORK, Jan 23 (Reuters) - Three foreign nationals have been charged with creating and distributing a computer virus that infected more than a million computers around the world, including some operated by the U.S. space agency, U.S. prosecutors said on Wednesday.
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