Jay Fung, 42 admitted to commit securities fraud. Prosecutors reported, he received a tip from a former Morgan Stanley broker regarding the acquisition plans of Gilead Sciences Inc. to Pharmasset Inc. The said broker received kickbacks from Fung for it.
Joseph Chait, 38, a senior auction administrator of the I.M. Chait Asian art gallery and auction house admitted on smuggling products made from Endangered Species such as rhinoceros horn, elephant ivory and coral. Chait falisified document to smuggled the items bought by foreign clients.
Members of FBI Rescue team are investigated after local investigators found out that they have failed to report that they have shot Robert "LaVoy" Finicum in January. However, Oregon authorites justified the troopers in killing the oregon occupier.
Argentina reaches additional settlements of $190 million with seven holdout creditors to close litigation over its faulted bonds.
