A Manhattan federal judge has refused to let Jes Staley, former chief executive of JPMorgan Chase NA's investment bank, escape third-party claims brought by the bank in two lawsuits alleging he was a close friend of financier Jeffrey Epstein and knew Epstein was a sex trafficker yet allowed him to remain a client.
Two former executives of hedge fund Platinum Partners were cleared of a wire fraud conspiracy count by a Brooklyn federal judge on Wednesday in light of a recent U.S. Supreme Court decision that invalidated an underlying legal theory.
A Brooklyn federal jury on Tuesday returned guilty verdicts in the first U.S. criminal trial over China's "Operation Fox Hunt," an alleged global effort by the Chinese government to return certain former residents through the use of stalking and harassment.
Brooklyn federal prosecutors said Wednesday they will drop charges against a British former HSBC trader who was accused of defrauding a Scottish energy firm in connection with a "massive" forex scheme, citing failed attempts to extradite him and a recent U.S. Supreme Court ruling reining in fraud prosecutions.
A Pennsylvania boxing promoter who pled guilty to his role in a Ponzi scheme involving an ex-reality TV star after failing to appear at his trial requested a five-year prison sentence Tuesday, saying his erratic behavior was a result of a painkiller addiction he developed after his father's death.