conspiracy News

Feds: Florida Officials Bilked FEMA Out of Hurricane Money

TALLAHASSEE, Fla. — Two former officials of a Florida city are charged with conspiring with two businesses to bilk the federal government out of $5 million in Hurricane Michael cleanup money, the U.S. attorney’s office announced Tuesday. U.S. Attorney Lawrence …

Operator of ‘Booter’ Service for Cyber Attacks Sentenced to 13 Months

An Illinois man who has been hacking since he was a teenager was sentenced last week to 13 months in prison and ordered to forfeit $542,925 for operating a service that charged subscription fees to hackers who launched millions of …

JPMorgan Inherited ‘Spoof’ Method From Bear Stearns, U.S. Says

When JPMorgan Chase & Co. took over Bear Stearns more than a decade ago, it got two traders with a new trick. Their strategy: Use multiple fake orders to manipulate the prices of precious metals futures. The maneuver, adopted by …

Suit: Generic Drug Makers Used Code to Fix Price Increases

BOSTON — Representatives of some of the nation’s largest generic drug manufacturers used code words to collude with competitors to divvy up market share and coordinate price increases according to a federal lawsuit. The code words were used in internal …

Cult Economist Jailed for Hiding Rare Coins Says They’re His Now

The 58 rare coins at the center of two federal lawsuits are exceptionally valuable. Now a bankrupt company’s receiver wants them. And an antique dealer wants them. And so does Martin Armstrong, a self-taught economist with a cult following who …

Teva Is at Center of Drug Price-Fixing Case Filed by States

Teva Pharmaceutical Industries Ltd. helped mastermind a sweeping conspiracy among generic-drug makers to raise the price of medicines, according to a new antitrust lawsuit filed by states that stems from a five-year investigation of the companies. Teva’s stock fell. More …

Oregon Owner Paid Pair to Set Mobile Home Fire

Police say an Aloha, Ore., mobile home owner is at the center of an arson-for-hire conspiracy in which she agreed to pay two people $3,000 each from an insurance settlement to set her home on fire. Police say the pair …