November 29, 2020

US Justice Dept Official: Rosenstein to step down by mid-March

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By Jason Devaney From Newsmax Deputy Attorney General Rod Rosenstein will leave the Department of Justice by the middle of March, according to a new report. Fox News reported Monday night that Rosenstein, who was already expected to depart in the wake of Attorney General William Barr being confirmed last week, is leaving to give Barr the […]

US: Rod Rosenstein to leave DOJ after Barr confirmation

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By Jeffrey Rodack From Newsmax Deputy Attorney General Rod Rosenstein is expected to leave the Department of Justice in the coming weeks, according to reports. ABC News attributed the information to unnamed “multiple sources” in a report posted Wednesday. It also said that Rosenstein has notified President Donald Trump of his intentions. His departure is planned to […]

US Justice Dept. signs off on Disney’s $71B Fox deal

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By: Jason Aycock From Seeking Alpha The Justice Dept. made its sign-off official on Disney’s $71.3B acquisition of media assets from Twenty-First Century Fox. That comes via a civil antitrust suit filed by the DOJ’s antitrust division today, along with a simultaneous settlement that resolves alleged competitive harm by requiring the divestment of 22 Fox […]

Indonesia to release impounded yacht sought over 1MDB case-police

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By Agustinus Beo Da Costa From Reuters JAKARTA (Reuters) – An Indonesian court ruled on Tuesday that a luxury yacht linked to a corruption scandal at a Malaysian state fund was wrongfully impounded in Bali at the request of U.S. authorities and ordered the vessel to be released, police said. The Cayman Islands-flagged Equanimity was […]

DOJ will indict Toyota and Lexus executives on new allegations of conspiracy to defraud consumers, misrepresentation and bait and switch?

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By Sherri Jefferson From WN DOJ will indict Toyota and Lexus executives on new allegations of conspiracy to defraud consumers, misrepresentation and bait and switch? by Sherri Jefferson For the last decade, Toyota and Lexus have been plagued by criminal and civil liability for knowingly, intentionally, wantonly and maliciously placing defective automobiles into the stream […]

Caribbean cruise line ordered to pay US$40 million for illegal dumping

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CMC From Nation News Barbados MIAMI – The United States Department of Justice (DOJ) says a Caribbean cruise line has been ordered to pay a US$40 million penalty – the largest-ever for crimes involving deliberate vessel pollution – related to illegal dumping overboard of oil contaminated waste and falsification of official logs in order to […]

American jailed for sophisticated international cellphone fraud scheme linked to the Caribbean

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From Antigua Observer MIAMI, Dec 24, CMC –A United States national has been sentenced to 48 months in prison for his role in a sophisticated global cell phone fraud scheme linked to the Caribbean. The Department of Justice (DOJ) said that the scheme involved compromising cellphone customers’ accounts and “cloning” their phones to make fraudulent international […]

Feds give up trying to hold Bank Of America accountable for Countrywide’s “Hustle” mortgage scam

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By Chris Morran From Consumerist A nasty four-year legal battle between the Justice Department and Bank of America over a massive mortgage-related scam run by Countrywide Financial has come to a whimpering conclusion, with the DOJ opting to not appeal its most recent defeat in the case. Let’s take a quick spin back a decade […]

History is repeating itself and America may not survive

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By Richard Lawless From Caribbean News Now In 2006 a financial crisis of unprecedented magnitude hit America. Wall Street, with at least complicit support from our legislators, the DOJ and regulatory agencies began to create new financial instruments to sell to the American people. Unfortunately, these new investments consisted of pools of troubled mortgages. It […]

TOO BIG TO JAIL: George Osborne helped HSBC avoid US criminal charges for money laundering

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By Oscar Williams-Gru From Business Insider Britain’s Chancellor George Osborne and the UK’s former financial watchdog “hampered” the 2012 US investigation into HSBC’s money laundering and contributed to a watering down of the banks eventual punishment, according to a damning US congressional report. The Chancellor and the Financial Services Authority (FSA) warned that a possible […]