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JPMorgan is investigating employees who may have been involved in the misuse of federal funds meant to help small businesses and other customers hurt by COVID-19 shutdowns, according to an internal memo seen by Reuters. The bank said it had found cases of customers “misusing Paycheck Protection Program loans, unemployment benefits and other government programs,” …
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Malaysian prosecutors on Friday withdrew criminal charges against three Goldman Sachs units accused of misleading investors over $6.5 billion in bond sales they helped organize for a state fund, the Bernama state news agency reported. The move comes after Goldman Sachs agreed to pay $3.9 billion to Malaysia to settle a probe into its alleged …
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The Justice Department is reportedly planning to bring antitrust charges against Google in the coming weeks after Attorney General William Barr decided to move forward over the objections of DOJ lawyers who say they need more preparation time to prosecute the massive technology company. The DOJ’s antitrust division opened its probe into Google last summer …
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The founder of a New York hedge fund was criminally charged Thursday over an alleged scheme to pressure a rival not to bid for assets related to Neiman Marcus’ bankruptcy so he could buy them at a lower price, the US Department of Justice said. Daniel Kamensky, principal of Marble Ridge Capital, which has more …
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Distressed investment firm Marble Ridge Capital plans to wind down its funds after a government report called into question the actions of its managing partner, Dan Kamensky, during the Neiman Marcus Group bankruptcy, the firm said. “After much consideration, and in light of the operating environment, we have made the difficult decision to commence an …
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Attorney General William Barr praised “Operation Legend” after a murder charge was announced for the alleged killer of 4-year-old LeGend Taliferro, whose death sparked the Department of Justice operation. “Today’s arrest of LeGend Taliferro’s suspected murderer marks a significant step forward in his case and illustrates the potential of Operation Legend more broadly. The arrest …
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A two-year long Justice Department investigation has found that Yale University illegally discriminated against Asian American and white applicants in violation of federal civil rights law. In a letter to the college’s attorneys Thursday, the department said that Yale “rejects scores of Asian American and white applicants each year based on their race, whom it …
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Shares of struggling cinema chains jumped on Friday after the Department of Justice scrapped 72-year-old rules severely limiting Hollywood’s ability to buy movie theaters. Friday’s ruling paves the way for film studio giants like Disney and Netflix to look beyond one-off purchases of small theaters and set their sights on buying larger swaths of cinemas. …
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The Supreme Court ruled early Tuesday morning that the Justice Department can resume its first federal executions in 17 years this week, hours after a D.C. judge issued an order temporarily halting the lethal injections. The unsigned, 5-4 opinion issued around 2 a.m. will allow four scheduled federal executions to proceed as planned and came …
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A group of A-list celebrities is calling on the Department of Justice to investigate the tragic death of an unarmed black Pace University junior who was fatally shot by a white Westchester cop in 2010. The letter, sent Monday to US Attorney General William Barr, urges the Justice Department to reopen the case of Danroy …
JPMorgan is investigating employees who may have been involved in the misuse of federal funds meant to help small businesses and other customers hurt by COVID-19 shutdowns, according to an internal memo seen by Reuters. The bank said it had found cases of customers “misusing Paycheck Protection Program loans, unemployment benefits and other government programs,” …
