Laws
Last Madoff victim fund payout brings recovery to nearly 94% of Ponzi scheme losses, DOJ says
Financier Bernard Madoff leaves Manhattan Federal court March 10, 2009 in New York City. Madoff attended a hearing regarding the conflicting status of his legal representation in his multi-billion dollar fraud allegations. Chris Hondros | Getty Images The 10th and final distribution from a fund for victims of the late Ponzi scheme king Bernie Madoff […]
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Treasury small business ownership rule on hold as court eyes constitutionality
Key Points Small businesses had been required to report “beneficial ownership information” to the Treasury Department by Jan. 13, 2025, or risk financial penalties. The 5th U.S. Circuit Court of Appeals issued an order late on Dec. 26 that halted enforcement. It comes just days after a previous delay, from Jan. 1. Businesses aren’t required […]
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Trump loses appeal of E. Jean Carroll $5 million defamation verdict
Writer E. Jean Carroll arrives at the 2nd U.S. Circuit Court of Appeals, where former U.S. President Donald Trump will arrive to ask a federal appeals court to overturn a $5 million jury verdict finding him liable for sexually assaulting and defaming her, who accused Trump of raping her nearly three decades ago, in Manhattan, […]
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Treasury delays deadline for small businesses to file new form to avoid risk of fines for noncompliance
Key Points The U.S. Treasury Department delayed a Jan. 1, 2025, deadline to file a new “beneficial ownership information” report by about two weeks, to Jan. 13. It delayed the BOI reporting requirement following recent federal court rulings. The requirement was created by the Corporate Transparency Act, which aims to curb illicit finance. Source
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Singapore Post fires chief executive over handling of whistleblower report
The Singapore Post sign at a post office in Singapore November 2, 2015. Thomas White | Reuters Singapore Post said on Sunday it had dismissed its chief executive and two other senior managers after an internal investigation found they had mishandled whistleblower allegations about misconduct by company employees. The firm’s shares slumped by the most in over […]
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Senate review of Supreme Court ethics finds more luxury trips and urges enforceable code of conduct
A nearly two-year investigation by Democratic senators of Supreme Court ethics details more luxury travel by Justice Clarence Thomas and urges Congress to establish a way to enforce a new code of conduct. Any movement on the issue appears unlikely as Republicans prepare to take control of the Senate in January, underscoring the hurdles in […]
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Father, son plead guilty in $100 million New Jersey deli stock scheme
Peter Coker Sr. and his wife Susan Coker at U.S. District Court in Newark, New Jersey, March 15, 2023. Dan Mangan | CNBC Peter Coker Jr., left, is issued search warrants from police at his villa on the southern resort island of Phuket, Thailand, Jan. 11, 2023. Crime Suppression Division, Royal Thai Police | AP […]
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Luigi Mangione agrees to extradition to New York in UnitedHealthcare CEO murder case
Luigi Mangione, 26, a suspect in the New York City killing of UnitedHealth executive Brian Thompson, is escorted after an extradition hearing at Blair County Court House in Hollidaysburg, Pennsylvania, U.S. December 10, 2024. Eduardo Munoz | Reuters Luigi Mangione has waived his right to contest extradition to New York, where he is charged with […]
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Trump Georgia election case DA Fani Willis disqualified but indictment stands: appeals court
Fulton County District Attorney Fani Willis looks on during a hearing in the case of the State of Georgia v. Donald John Trump at the Fulton County Courthouse on March 1, 2024, in Atlanta, Georgia. Alex Slitz-Pool | Getty Images News | Getty Images A Georgia appeals court on Thursday disqualified Fulton County District Attorney […]
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U.S. Supreme Court agrees to hear challenge to TikTok divestment law
The Supreme Court on Wednesday agreed to hear arguments by TikTok that a law that could lead to a ban of the popular social media app violates free speech protections in the U.S. Constitution. The Supreme Court scheduled oral arguments in the case for Jan. 10, nine days before the law, formally known as the […]
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