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The White House announced it would close two gun sale loopholes through executive authority by subjecting gun purchases by corporations and trusts to background checks, banning almost all re-imports of military surplus firearms to private entities.

David Ross, a former Wellington advisor from New Zealand, pleaded guilty to five charges of false accounting and theft in running a $300 million Ponzi scheme, the country's largest in its history.

Shellie Zimmerman, the wife of the former neighborhood watch captain acquitted in the February 2012 shooting death of Florida teenager Trayvon Martin, pleaded guilty on Wednesday morning to a misdemeanor charge of perjury in a plea deal. She was sentenced to serve one year of probation under the deal, which was set up so that she would avoid any sort of a felony conviction