federal investigation news stories on Newser

Obama Demands Probe Into Secret Service Scandal

Mark Russell — Mon, 16 Apr 2012 04:05:00 CDT

The Summit of the Americas is over, but the prostitution scandal involving Secret Service agents keeps on going, overshadowing what was supposed to be a chance to showcase Colombia to the international community, reports Reuters . "From nearly failed state to emerging global player—in less than a decade" is what...

FBI Investigating MF Global's Missing Cash

Kevin Spak — Wed, 02 Nov 2011 08:46:51 CDT

For some mysterious reason (hint, it’s the missing $700 million ), the FBI and the Commodity Futures Trading Commission are taking a keen interest in MF Global’s collapse. The Bureau is investigating to see if client funds are intact, sources tell the Wall Street Journal , and the CFTC has voted...

Federal Investigation Could Redefine 'Insider Trading'

Matt Cantor — Wed, 24 Nov 2010 06:39:47 CST

Insider trading just isn’t what it used to be. As the feds mount a massive probe into the practice, its definition is becoming murkier: Where insider-traders of old simply whispered secret tips over the phone, today a wide range of data-gathering practices may be legally questionable, the AP reports. The...

ACLU Clamoring for Criminal Probe of Bush

Matt Cantor — Fri, 12 Nov 2010 06:19:47 CST

The ACLU and some US officials are calling for a criminal investigation of George W. Bush after he acknowledged directly authorizing the use of waterboarding ("damn right") in Decision Points and throughout his book tour, the Huffington Post reports. “The admission cannot be ignored,” wrote the ACLU in a letter...

Morgan Stanley Hit With Criminal Investigation

Kevin Spak — Wed, 12 May 2010 08:40:00 CDT

Looks like Goldman Sachs might have some company. Federal prosecutors have launched a criminal investigation into some of Morgan Stanley's mortgage derivative deals, the Wall Street Journal reports. Morgan Stanley created several mortgage-backed CDOs that it then bet against. Some it marketed itself, while others were sold by Citigroup and...

Ex-Blackwater Prez Hit With Federal Weapons Charges

Fri, 16 Apr 2010 15:44:09 CDT

The former president of Blackwater Worldwide and four other former officials at the embattled security firm were indicted today on federal weapons charges, partially the result of a raid 2 years ago by agents that rounded up 22 weapons, including AK-47s. The indictment charges Gary Jackson, who left the company...

Jihad Jane Pleads Not Guilty, Cooperates With Feds

Thu, 18 Mar 2010 19:01:07 CDT

The Philadelphia-area woman who authorities say dubbed herself "Jihad Jane" online pleaded not guilty today in federal court to a four-count indictment charging her in an overseas terrorist plot. Colleen LaRose, 46, appeared in court wearing a green jumpsuit and corn rows in her blond hair. A May 3 trial...

Feds Swarm Facebook for Leads, Under Cover

Harry Kimball — Tue, 16 Mar 2010 13:34:22 CDT

Your next Facebook friend might well be a federal agent trying to bust you. That’s the gist of a Justice Department document obtained via the Freedom of Information Act by a privacy group. It reveals that FBI agents are mining social networks for info on suspects, ranging from alibi confirmation...

Feds Investigate Whether Hedge Funds Sank Euro

Harry Kimball — Wed, 03 Mar 2010 11:20:55 CST

The Justice Department has begun an investigation into a group of hedge funds that may have colluded to short-sell the euro, driving down its value and driving up their profits. Justice sent a letter to SAC, Greenlight, and Soros—among others—the same day the Wall Street Journal reported that...