Virtual Currency Liberty Reserve Busted for Money Laundering
Digital currencies have gained more legitimacy recently, but there are reasons for concern: Witness Tuesday's indictment against Liberty Reserve as a massive criminal scheme.
Preet Bharara
Rengan Rajaratnam, Brother of Hedge Fund Founder, Indicted
The brother of jailed one-time billionaire hedge fund boss Raj Rajaratnam has been charged with conspiring with his brother to cheat on Wall Street through insider trading.
U.S. Sues Bank of America for $1 Billion for Mortgage Fraud
The top federal prosecutor in Manhattan says he's suing Bank of America for $1 billion for mortgage fraud against Fannie Mae and Freddie Mac. U.S. Attorney Preet Bharara says Countrywide had procedures designed to process loans at high speed and generated thousands of fraudulent loans.