Fraud

The ongoing litigation between Chevron Corp.

In a lawsuit that could lead to a wave of other similar filings, the Illinois Attorney General has sued Standard & Poor's for its allegedly fraudulent role in assigning its highest ratings to risky mortgage-backed investments in the years leading up to the housing market crash. 

Richard Cordray, the newly appointed Director of the Consumer Financial Protection Bureau, took his first important step shortly after the recess appointment was made public: writing a blog post for the Bureau – that was cross-posted on the The Huffington Post. 

In New York, the premium for workers' compensation insurance is calculated by multiplying the remuneration paid by an employer by a rate, or series of rates, set by the New York Compensation Insurance Rating Board. Because an insurance company cannot know how much an insured will pay in remuneration in the future, at the beginning of a policy period, the premium is estimated based on information supplied by the insured on its application for insurance.

Yesterday, when last we left Sam Eshaghoff, the Long Island SAT Test Scammer, we talked about his upcoming interview this Sunday with 60 Minutes, where he says he was saving the lives of the students who paid him to take the SAT and ACT college admissions exams, and that the

In his first interview about the criminal fraud that made him thousands of dollars, Sam Eshaghoff says he was saving the lives of the students who paid him to take the SAT and ACT college admissions exams. He says the high marks he scored for them helped weaker students get into choice colleges, altering the course of their careers and their lives.

This is not something you see all the time: Fraud charges have been brought against four individuals for their participation in an alleged scheme to manufacture, distribute, and sell stem cells and stem cell procedures that were not approved by the Food and Drug Administration. 

This is not a story appropriate for the holidays. At least not yet. 

David Rubin was indicted on October 29, 2009 for crimes arising out of an alleged conspiracy to illegally rig bids, fix prices and manipulate the market for investment instruments known as municipal derivatives. After extensive discovery (the functional equivalent of 125,000,000 pages), a superseding indictment, and an adjournment or two, trial is set to begin right after New Year’s – on January 3, 2012.
 
Nothing really unusual, nothing especially newsworthy. Except for one thing:

Federal law, which many see as forever encroaching on the states, preempts inconsistent state law or state law that attempts to regulate the same subject governed by the federal law. Now, however, New York’s highest court has rejected claims that federal law preempts an action by the New York State Attorney General alleging fraud and violations of real estate appraisal independence rules.

It has been nearly eight years since American pharmaceutical giant Merck, Sharp & Dohme withdrew its drug Vioxx from the marketplace.