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Larry Neumeister

Hedge Fund exec gets 11 years for insider trading

Last updated Thursday, October 13, 2011 - 10:30pm

NEW YORK — Raj Rajaratnam, the hedge fund billionaire at the center of the biggest insider-trading case in U.S. history, was sentenced Thursday to 11 years behind bars — the stiffest punishment ever handed out for the crime.

Business, Crime, Insider Trading Read more Comments

Las Vegas man pleads not guilty to bank fraud conspiracy charges

Larry Neumeister, The Associated Press

Last updated Tuesday, April 19, 2011 - 10:29pm

NEW YORK -- The lawyer for a Las Vegas man arrested in a prosecution aimed at shutting down the three largest Internet poker companies operating in the United States contested bank fraud conspiracy charges Tuesday by saying his client never lied to a bank.

Attorney William Cowden made the comment outside court after client Chad Elie pleaded not guilty and was released on $250,000 bail.

He said Elie intends to "aggressively defend" charges that he and 10 others conspired to persuade banks to process billions of dollars in illegal Internet revenues.

Fraud, Internet, News, Poker, Utah Read more Comments

Russian arms suspect to appear in NYC court

Larry Neumeister, The Associated Press

Last updated Wednesday, November 17, 2010 - 11:32am

NEW YORK -- A Russian labeled the "Merchant of Death" by those who claim he fueled some of the world's deadly Third World conflicts over the last decade with powerful weapons is in U.S. custody where he belongs, a prosecutor said Wednesday.

"The so-called Merchant of Death is now a federal inmate," U.S. Attorney Preet Bharara said of Viktor Bout, who was flown from Thailand to a suburban New York airport Tuesday. "No one is beyond the reach of the law."

Bout, 43, a former Soviet military officer and air cargo executive, faces charges he supported terrorists trying to overthrow the government of Colombia and shared their hatred for Americans. He awaited an appearance in Manhattan federal court later Wednesday.

Courts, Weapons, International Read more Comments

Osama bin Laden evidence readied at detainee trial

Larry Neumeister, The Associated Press

Last updated Wednesday, September 29, 2010 - 2:57pm

NEW YORK -- Prosecutors plan to give Osama bin Laden a starring role in the terrorism trial of the first Guantanamo Bay detainee to be tried in civilian courts, a test case in the debate over whether suspects scooped up in the war against terrorism can be prosecuted like everyone else.

Courts, News, Terrorism, National Read more Comments

(The Associated Press) In this undated file photo from the social networking site Orkut.com, a man who was identified by neighbors in Connecticut as Faisal Shahzad, is shown. Shahzad was arrested at a New York airport on charges that he drove a bomb-laden SUV meant to cause a fireball in Times Square, federal authorities said.

Times Square bomb suspect still no-show in court

Larry Neumeister, Tom Hays The Associated Press

Last updated Monday, May 10, 2010 - 8:37pm

NEW YORK -- Where is Faisal Shahzad?

The public knew the answer to that question at midnight on May 3, when federal agents pulled the suspected Times Square bomber off a Dubai-bound plane at Kennedy Airport. Since then, Shahzad has disappeared from sight, going a week without appearing in court on weapons of mass destruction and terror charges. Nothing was scheduled for Monday.

Crime, National Read more Comments