Witness ties ex-P&G board member to NY fund boss By LARRY NEUMEISTER, Associated Press – 2 hours ago NEW YORK (AP) — A former board member for Goldman Sachs and Procter & Gamble on trial on insider trading charges and two men and a woman already criminally convicted were on a list of 10 "important people" who could interrupt a billionaire hedge fund boss just before trading days ended, the trial's first witness testified Tuesday.The revelation of a notebook page containing the list was an early surprise in the 2-day-old trial of Rajat Gupta, a Harvard-educated executive who became a heavyweight in corporate America after a childhood in India that left him an orphaned teenager.It emerged through the testimony of Caryn Eisenberg, a former assistant ... Continue reading →

Goldman CEO cited by NY lawyers in wiretap flap By LARRY NEUMEISTER, Associated Press – 1 hour ago NEW YORK (AP) — Attorneys for a former Goldman Sachs board member accused of insider trading say recent testimony by Goldman's chief executive supports their bid to eliminate the only wiretap recording of their client that relates to claims that he shared secrets with a hedge fund boss.The lawyers say a February deposition by Goldman Sachs chief executive Lloyd Blankfein in a related civil case helps prove that defendant Rajat Gupta was telling hedge fund founder Raj Rajaratnam about already public information rather than divulging illegal secrets in their July 2008 phone conversation. Gupta is a former board member for Goldman Sachs and Procter & Gamble Co.They ... Continue reading →

By TOM HAYS The Associated Press NEW YORK — NYPD badges out, Kelvin Jones and the other armed men turned up out of nowhere at a New Jersey warehouse and began barking orders. This undated photo taken from a photo array provided by the U.S. Attorney’s Office in Newark, N.J. shows Kelvin Jones. Once a New York City police officer in an elite undercover unit, Jones was among a gang who brazenly robbed a Newark, N.J. warehouse of $1 million of Prada, Versace and other fragrances in 2010. (AP Photo/U.S. Attorney’s Office) Election 2012: Across the nation Jones told startled workers that the New York Police Department had sent the team there to inspect for counterfeit goods — even though the wholesale dealer of Prada, ... Continue reading →

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Feds: $56M settlement with NYC construction firm By LARRY NEUMEISTER, Associated Press – 2 hours ago NEW YORK (AP) — A construction company whose projects included the stadium where the New York Mets play and the Sept. 11 Memorial agreed to pay up to $56 million in penalties and restitution after admitting a decade-long fraud that included routinely overcharging customers and ignoring minority hiring mandates, authorities announced Tuesday.A deferred prosecution agreement in U.S. District Court in Brooklyn described the penalty and restitution to be paid by Lend Lease U.S. Construction, a division of an international construction company that employed more than 1,000 workers during the 10-year stretch from 1999 through 2009.FBI Assistant Director-in-Charge Janice K. Fedarcyk said the deal capped a three-year investigation "into a ... Continue reading →

Nike and Reebok settle NY fight over Tebow apparel By LARRY NEUMEISTER, Associated Press – 19 minutes ago NEW YORK (AP) — Running for a loss, Reebok has scrapped its effort to sell New York Jets Tim Tebow apparel, agreeing to rid stores of thousands of jerseys and T-shirts it stamped with the quarterback's name after he was traded from the Denver Broncos to the Jets last month.The terms of a settlement with Nike were disclosed Tuesday in papers filed in U.S. District Court in Manhattan that had been signed a day earlier. It was not clear if any money changed hands.Beaverton, Ore.-based Nike Inc. sued Reebok International Ltd. two weeks ago, saying the rival apparel maker was trying to squeeze the most out of ... Continue reading →

Stabbed NY prison guard wants to see his attacker By LARRY NEUMEISTER, Associated Press – 41 minutes ago NEW YORK (AP) — A federal prison guard maimed when he was stabbed in the eye by a former Osama bin Laden aide returned to court Tuesday hoping to see his attacker at appeals arguments that could lead to a new sentencing hearing for the man, who's serving life in prison."I want to see him one more time," the guard, Louis Pepe, said outside court. "He should be here."Pepe, wearing a U.S. Bureau of Prisons shirt, arrived in a wheelchair at the 2nd U.S. Circuit Court of Appeals, where two judges considered whether Mamdouh Mahmud Salim should be ordered to return to federal court in Manhattan for ... Continue reading →

Associated Press NEW YORK — A New York defense lawyer says the last defendant scheduled for trial in a criminal prosecution that shut down the three largest Internet poker companies in the U.S. has agreed to plead guilty. Defense attorney Frederick Hafetz said Tuesday that former bank executive John Campos will plead guilty to a misdemeanor banking charge Wednesday. He called it an "excellent resolution" to the case brought against Campos. Campos formerly worked at SunFirst Bank in St. George, Utah. The bank processed money for foreign-based online poker sites PokerStars and Full Tilt Poker. Those companies along with Absolute Poker shut down their U.S. operations after charges were filed last year against a dozen people. Campos and a co-defendant were scheduled for trial next ... Continue reading →