'Pharma bro' Martin Shkreli's notoriety slows New York jury selection
Tue, 27 Jun 2017 19:51:41 -0400
Jury selection in the New York trial of former drug company executive Martin Shkreli will enter its third day Wednesday, after some potential jurors said they could not be fair to a man who gained notoriety by raising the price of a life-saving drug more than 5,000 percent. U.S. prosecutors have accused Shkreli, dubbed the "pharma bro," of running a Ponzi-like scheme at his former hedge fund and a drug company he once ran. Shkreli has pleaded not guilty to charges of securities and wire fraud.
Illinois House Democrats push new budget plan to end impasse
Tue, 27 Jun 2017 19:20:11 -0400
Staring down the start of a new fiscal year, Illinois House Democrats offered a budget on Tuesday that would spend less than the Republican governor's plan, but kept their specific revenue-raising proposal under wraps. An impasse between Governor Bruce Rauner and Democrats who control the legislature has left Illinois without complete budgets for an unprecedented two-straight fiscal years. The nearly $36.5 billion general funds budget was the first spending blueprint offered by House Speaker Michael Madigan for the fiscal year that begins Saturday.
Madoff settlements reach $12 billion with new accords
Tue, 27 Jun 2017 18:48:21 -0400
The trustee recouping money for Bernard Madoff's victims on Tuesday announced nearly $371 million of new settlements with two groups of offshore funds that invested with the imprisoned Ponzi schemer, boosting the total recovery to about $12 billion. Irving Picard, the trustee, said Lagoon Investment Ltd agreed to repay $240.7 million from an account through which Hermes International Fund Ltd invested with Madoff, while Thema Fund Ltd and an affiliate agreed to repay $130.1 million. Picard announced the settlements with British Virgin Islands-based Lagoon and Bermuda-based Thema one day after revealing more than $23 million of settlements with the estates of Madoff's late sons Andrew and Mark, and entities affiliated with the Madoff family.
Linde's Lincare settles U.S. whistleblower case for $20 million
Tue, 27 Jun 2017 18:24:25 -0400
The accord, confirmed by the U.S. Attorney's Office in Massachusetts, will resolve a lawsuit filed under the False Claims Act by former employees of the respiratory therapy services provider on behalf of the U.S. government. "The matter was resolved to the satisfaction of all involved parties, with no admission of liability by any party," Lincare said in a statement.
Lockdown lifted at Alabama base after false reports of shooter
Tue, 27 Jun 2017 18:12:26 -0400
No threat was found and an investigation is under way to determine who made the calls from within a building where the shooter was reported to have been, Colonel Thomas Holliday, commander of the Redstone Arsenal, said at a press conference. "We have no evidence of shots actually (being) fired," Holliday said. Neither of those were credible, Holliday said.
Chicago officers charged in alleged cover-up of black teen shooting
Tue, 27 Jun 2017 17:58:34 -0400
Three current and former Chicago police officers were indicted on Tuesday on felony charges for conspiring to cover up the shooting death of a black teenager by a white officer, prosecutors said. The indictments stem from a 2014 incident in which Laquan McDonald, 17, was shot to death. A video of the shooting, released in 2015, sparked days of protests and thrust Chicago into a national debate over the use of excessive force by police against minorities.
Some would-be immigrants left in limbo after Supreme Court travel ban order
Tue, 27 Jun 2017 17:34:32 -0400
Without close family in the United States, Elly and her husband had few options for getting permission to immigrate to America from Iran. "Since last year, we made all the important decisions in our lives because we hoped we would get a visa," Elly said, declining to give her full name because her visa application is still in process. The couple decided to put off having children and purchasing a home until after their move to the United States.
New York mob suspects admit to vendetta arson, robbery
Tue, 27 Jun 2017 17:20:10 -0400
Three men, including the late mobster John Gotti's grandson, admitted on Tuesday that they torched a car because its driver cut off a reputed Bonanno crime family associate in traffic in April 2012, prosecutors said. Prosecutors said Vincent Asaro, 82, who was cleared in November 2015 of involvement in the famed 1978 Lufthansa airport heist that helped inspire the movie "Goodfellas," became enraged when a motorist moved in front of his car at a traffic light. John J. Gotti, Matthew "Fat Matt" Rullan and Asaro, an alleged member of the Bonanno crime family, pleaded guilty in U.S. District Court in Brooklyn to charges related to the arson and robbery under an agreement with federal prosecutors, said John Marzulli, a spokesman for Acting U.S. Attorney Bridget Rohde.
Family sues over fatal police shooting of Louisiana black man
Tue, 27 Jun 2017 17:10:00 -0400
The family of a black man killed last year by police in Baton Rouge, Louisiana, filed a wrongful death lawsuit against the city and police on Tuesday, alleging a history of excessive-force incidents and racism toward African-Americans. The death of Alton Sterling, 37, was among a series of racially charged police killings that inflamed a national debate over treatment of minorities by law enforcement. The lawsuit, filed in state court on behalf of Sterling's five children, seeks unspecified damages from the city, Police Chief Carl Dabadie Jr. and his department, and the two officers involved in the shooting, among others.
Colombian corruption watchdog charged in U.S. for money laundering
Tue, 27 Jun 2017 17:05:24 -0400
Luis Gustavo Moreno Rivera, the national director of anti-corruption in Colombia, and Leonardo Luis Pinilla Gomez, an attorney practicing in the South American country, were charged in a criminal complaint filed in federal court in Miami. Both men were arrested in Colombia, federal prosecutors said. Attorneys for Moreno, 35, and Pinilla, 31, could not be immediately identified.