Justice Department

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Execs Cashed Out as Subprime Giant Staggered

Irregular trades by execs at doomed subprime firm raise questions

(Newser) - Bosses at one of the country's biggest subprime lenders made some suspicious stock sales as the firm's mortgages soured, a Los Angeles Times investigation reveals. Records show that executives at now-bankrupt New Century Financial sold nearly $20 million in company shares shortly after setting up new trading plans, often within...

NYPD Clashes With Justice on Surveillance

Cops say feds blunt anti-terror efforts; AG testy in series of letters

(Newser) - The Department of Justice has firmly rejected efforts by the New York Police Department to relax restrictions on eavesdropping, triggering a war of words between the agencies’ heads, the New York Times reports. The NYPD wants broader latitude for electronic surveillance, and less red tape for its requests, but Justice...

Holder Is 'Sept. 10' Pick for AG
 Holder Is 'Sept. 10' Pick for AG 
OPINION
Nov 19, 2008 4:03 PM CST

Holder Is 'Sept. 10' Pick for AG

Conservative mag urges GOP to vote against Obama's Justice nominee

(Newser) - Eric Holder is “a conventional, check-the-boxes creature of the Left,” the editors of the National Review write of Barack Obama’s reported choice for Attorney General, and his selection reveals a “September 10 mentality” and a “lack of seriousness about the terrorist threat.” They add,...

Proof Mounts of Impropriety by Feds in Siegelman Case

US Attorney continued to guide case after recusing herself over GOP ties

(Newser) - New court documents call further into question the actions of Justice Department officials in their prosecution of former Alabama governor Don Siegelman on corruption charges, Time reports. With the Democrat’s appeal scheduled for next month, the House Judiciary Committee disclosed violations by the Bush-appointed US Attorney, Leura Canary, who...

Justice Dept. Math: Subtract Politics, Add Confidence

Obama needs to tread careful bipartisan line in cleaning up after Bush

(Newser) - Repairing a Justice Department heavily politicized by the Bush administration’s ideologically motivated hiring practices and controversial counterterrorism measures will be one of Barack Obama’s most daunting challenges, Carrie Johnson writes in the Washington Post. One key area is the secretive Office of Legal Counsel, which advises the government...

Feds Indict UBS Exec on Tax Evasion Charges

Raoul Weil has headed wealth management division since 2002

(Newser) - The US Department of Justice indicted UBS’ head of global wealth management for enabling the Swiss bank’s American clients to avoid taxes, the Financial Times reports. Although authorities are only specifically pursuing Raoul Weil at this time, they hold that several senior UBS executives are “unindicted co-conspirators.”...

Google Scraps Partnership With Yahoo

Search giant proves unwilling to fight antitrust regulators over deal

(Newser) - Google canceled its search-advertising partnership with Yahoo rather than fight a Department of Justice lawsuit over antitrust concerns, CNET reports. The company gave up on the deal after Justice said it was not satisfied with the companies’ revisions to the deal and would sue to block it.

FBI Corruption Probe Clears Nevada Gov.

No charges after investigation into defense contractor ties

(Newser) - No charges will be filed against Nevada's governor after an 18-month FBI investigation into his ties with defense contractors, reports the Washington Post. Jim Gibbons, a former Vietnam fighter pilot, was suspected of helping to engineer federal contracts for defense firms in exchange for gifts while he was a member...

Judge Demands White House Turn Over Wiretap Memos

He'll determine if their public release would jeopardize national security

(Newser) - A federal judge has ordered the Justice Department to turn over legal memos related to the government's policy allowing warrantless wiretapping, reports the Los Angeles Times. The memos must be turned over by Nov. 17 for review by US District Judge Henry Kennedy, who will determine if releasing them would...

US Appeals Ruling to Free Chinese From Gitmo

US appeal of ruling strands 17, held since 2001 without charge

(Newser) - 17 Chinese prisoners held at Guantanamo Bay will stay there indefinitely pending an appeal of a judge’s decision that they be released, the Guardian reports. “They were on freedom's doorstep," their frustrated lawyer said. “The plane was at Gitmo.” Refugee and religious organizations in the...

Feds OK Delta-Northwest Deal
 Feds OK Delta-Northwest Deal 
Oct 29, 2008 2:49 PM CDT

Feds OK Delta-Northwest Deal

Merger would create world's largest airline

(Newser) - Delta’s $2.6 billion offer to buy Northwest Airlines has passed the scrutiny of federal antitrust regulators. Ensuing labor issues aside, official say the merger—which creates the world’s most patronized airline—would not "substantially lessen competition" and will benefit customers, Reuters reports.

Subprime Crime Wave Floods FBI Casebook

(Newser) - A short-staffed FBI is laboring to keep up with white collar crime linked to the nation's financial crisis, the New York Times reports. FBI officials predicted millions of dollars' in mortgage fraud years ago, but the Justice Department wanted agents focused on counter-terror. When the FBI warned of a fraud...

Google, Yahoo in Talks to Avoid Antitrust Case

Online ad deal may be capped to avoid further scrutiny

(Newser) - Google and Yahoo are working to settle any antitrust issues arising from their proposed joint online ad venture, the Wall Street Journal reports. Google has offered a cap on the volume of ads it sells Yahoo, which may be willing to continue selling search ads to avoid lengthy legal battles...

Judge Orders 17 Gitmo Inmates Freed

Major blow to White House as judge refers to nation's 'founding principle'

(Newser) - In a huge blow to the Bush administration a federal judge has ordered the immediate release of 17 Chinese Muslims who have been imprisoned at Guantanamo Bay for seven years, reports the Washington Post. He said the men must be released to volunteer Uighur families by Friday for possible resettlement...

Fraud Case Breaches Venerable Swiss Secrecy

Nation's tradition of bank secrecy imperiled by UBS investigation

(Newser) - Swiss authorities are cooperating with an American investigation into a tax fraud scandal, dealing a major blow to the nation's tradition of banking secrecy. Swiss bank UBS is alleged to have helped up to 20,000 American clients evade taxes by stashing their fortunes—collectively worth $20 billion—in undeclared...

Stevens Denied Mistrial
 Stevens Denied Mistrial 
Sep 29, 2008 10:31 AM CDT

Stevens Denied Mistrial

Justice Dept. under suspicion of trying to bury evidence that may help senator

(Newser) - A federal judge denied Ted Stevens’ request for a mistrial today, but not before lashing the Department of Justice for withholding a key witness from the defense, the AP reports. “The government is treading in some shallow water here,” Emmet Sullivan declared. Stevens’ lawyers moved for a mistrial...

Senate OKs Civil Rights-Era Cold-Case Unit

Bill would give Justice Department $10M a year to examine killings

(Newser) - The US Senate unanimously passed a bill that would open a Justice Department unit to re-examine civil-rights era killings that have gone unpunished, the Jackson (Miss.) Clarion-Ledger reports. The Emmett Till Act, named after the Chicago teen whose murderers confessed publicly, has also passed the House and will be...

Feds Dig Into Price-Fixing by Egg, Tomato Processors

New inquiries add to list of investigations

(Newser) - The Justice Department is investigating allegations of price-fixing by tomato and egg processors, the Wall Street Journal reports today. California processor SK Foods is facing allegations it bribed buyers at six companies to pay inflated prices for tomato paste and chili peppers. Tomato prices have surged 16% over the past...

FBI Raids Suspected Palin Hacker

Tennessee student's home raided

(Newser) - A 20-year-old student suspected of hacking into Sarah Palin's Yahoo email account found himself on the wrong end of an FBI search warrant while throwing a party Saturday night, reports NBC affiliate WBIR-TV in Knoxville. David Kernell, a student at the University of Tennessee, is the son of a prominent...

FDA Bans Indian-Made Drugs
 FDA Bans
Indian-Made Drugs 
Sep 17, 2008 1:57 AM CDT

FDA Bans Indian-Made Drugs

28 medications included in import ban

(Newser) - The FDA has banned imports of 28 products made in India by one of the world's biggest generic drug makers, Ranbaxy. The drugs include antibiotics and antiviral medication, as well as medicines for high cholesterol, diabetes, high blood pressure, allergies and acne, reports the Washington Post. There is no danger...

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