The Perp Walk

The Wall Street Journal: "The Securities and Exchange Commission's investigation into Daniel Zwirn's hedge-fund firm has intensified, with more than a dozen subpoenas going out to investors in recent weeks, according to people with knowledge of the regulatory requests.

Newsday: "Two Brooklyn men were arrested yesterday on federal charges that they used their defunct mortgage company to pull a series of ripoffs, including $44 million involving over 250 home loans funded by Fannie Mae, the federally sponsored pool of home mortgages, officials said."

ABA Journal: "Hundreds and hundreds" of New York lawyers will be implicated in a statewide scheme in which nonemployees have improperly been enrolled in the public pension system, the state attorney general says."

SEC: "The Securities and Exchange Commission has obtained an emergency court order freezing the assets of the alleged perpetrator of an Internet fraud scheme that reaped approximately $72 million from more than 3,000 investors in all 50 states and at least 30 foreign countries."

FBI: "Oklahoma Woman Sentenced for Conspiracy, Embezzlement of Casino Funds."

Tags: crime

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