WASHINGTON, D.C. - SunExpress, an airline based in Antalya, Turkey, is using financing from the Export-Import Bank of the United States (Ex-Im Bank) for the purchase of several Boeing 737-800 aircraft with engines manufactured by CFM International Inc. Ex-Im Bank…

$5 Million Fine Imposed Earlier today, at the federal courthouse in Brooklyn, United States District Judge Jack B. Weinstein sentenced Eric Butler, a former Credit Suisse broker, to five years imprisonment, three years of supervised release, $5 million fine, and…

The Federal Reserve Board on Tuesday approved a final rule amending Regulation Z (Truth in Lending) to protect consumers who use credit cards from a number of costly practices. Credit card issuers must comply with most aspects of the rule…

SAN FRANCISCOPatricia Morgen pleaded guilty in federal court in San Francisco yesterday to wire fraud, mail fraud and money laundering. In pleading guilty, Morgen admitted that the company she founded and controlled, Chicago Development and Planning, engaged in two fraudulent…

PORTLAND, ORA Federal Grand Jury has indicted a Portland mortgage broker for bank fraud related to the sale of his parents home in 2006. Alex Z. Biscocho, 42, of Portland, is accused of devising a scheme to defraud First Franklin…

Lucette Montane, a fugitive since June 2008, was arraigned on a 2008 indictment in federal court today before Magistrate Judge Jan Adler. Montane surrendered to Customs and Border Protection officials yesterday at the San Ysidro Port of Entry. Agents from…

Hugh Zuber, a lawyer formerly employed by the Office of the Corporation Counsel for the City of New York, has plead guilty to two counts of mail fraud arising from his participation in schemes to defraud two former clients. Zuber…

James Nicholson, the President, Senior Portfolio Manager, and sole managing member of investment firm Westgate Capital Management L.L.C., pleaded guilty today in Manhattan federal court before United States District Judge Richard J. Sullivan to three felony charges, including securities fraud,…

Stock brokers Anthony Martin and Alain Lustig were sentenced today to 57 months and 28 months in prison, respectively, on securities fraud charges arising from a scheme to manipulate the stock of Smart Online. Ruben Serrano received a sentence of…

Las Vegas, NV Nevada Attorney General Catherine Cortez Masto has filed a lawsuit alleging Service Corporation Internationals (SCI) proposed purchase of Palm Mortuary, Inc. violates federal and state antitrust laws and reduces competition in the market for cemetery services in…

Washington, DC The U.S. Commodity Futures Trading Commission (CFTC) has obtained a default judgment order requiring Robert J. Sucarato to pay $800,000 in restitution and a $1.2 million civil monetary penalty for fraudulently soliciting commodity pool participants to trade futures…

By Lora Shinn Bankrate.com With hundreds of thousands of homes in foreclosure or on short sale lists, theres never been a better time to score a sweet deal. But discount-priced foreclosures and short sales can come with a raft of…