September 20, 2014
by Alison Sacriponte
A report by Rights and Resources on Wednesday warned of the growing pressure for land and resources that threatens communities dependent on tropical forests. The report will be presented at the World Conference on Indigenous Peoples. There has been longstanding demand from indigenous peoples for ...[read more]
September 4, 2014
by Addison Morris
A Saudi Arabian court on Wednesday sentenced 24 individuals to prison for conspiring to attack Saudi Arabia. Of the group, one is an US national and one is Yemeni, and the rest are Saudi. While details of their arrest were not disclosed, the men were charged with creating a terrorist cell and ...[read more]
August 30, 2014
by Nicholas Tomsho
US National Security Council spokesperson Caitlin Hayden announced on Friday that the White House is placing new sanctions on over 30 organizations and individuals with ties to Iran. The sanctions come as the US continues to negotiate with Iran regarding the future of the country's controversial ...[read more]
August 21, 2014
by William Hibbitts
The US Department of Justice (DOJ) on Thursday announced a $16.65 billion settlement with Bank of America (BOA) to settle claims that it sold precarious mortgage-backed securities to investors. Of the $16.65 billion, $9.65 billion will be split among federal and state entities while the remaining ...[read more]
July 31, 2014
by Nicholas Tomsho
A federal judge on Wednesday imposed a $1.27 billion penalty on Bank of America after a jury found them liable for mortgage fraud. Judge Jed Rakoff for the US District Court for the Southern District of New York ruled after a jury found that Bank of America, the second largest bank in the US, had ...[read more]
July 15, 2014
by Taylor Gillan
Citigroup, Inc. on Monday agreed to pay $7 billion to settle a federal inquiry into mortgage-backed securities sold by the bank prior to the country's financial crisis. The deal, which involves one of the largest cash penalties ever paid to settle such allegations, includes a $4 billion civil ...[read more]
June 23, 2014
by Jaclyn Belczyk
The US Supreme Court ruled Monday in Loughrin v. United States that prosecution under the federal government's anti-bank fraud statute does not require proof that a defendant intended to defraud a financial institution. Kevin Loughrin used stolen checks to steal just over $1,000 from a local ...[read more]
June 19, 2014
by Jaclyn Belczyk
The US Supreme Court ruled unanimously Thursday in United States v. Clarke that a taxpayer can only question Internal Revenue Service (IRS) officials about their reasons for issuing a summons when he can "point to specific facts or circumstances plausibly raising an inference of bad faith." The ...[read more]
May 28, 2014
by Addison Morris
Authorities in Ecuador on Tuesday announced, via Twitter, the issuance of an arrest warrant for former president Jamil Mahuad on the grounds that he allegedly misappropriated public funds during the late 1990s. Interior Minister Jose Serrano stated that a "red notice" had been issued by Interpol ... ...[read more]
May 20, 2014
by Peter Snyder
Swiss bank Credit Suisse pleaded guilty Monday to a criminal charge for its role in helping Americans avoid taxes, according to a speech from US Attorney General Eric Holder. Credit Suisse will pay a $2.5 billion financial penalty to the Department of Justice (DOJ), the Internal Revenue Service ( ...[read more]

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