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Wednesday, June 26, 2024 | Back issues
Courthouse News Service Courthouse News Service

Financial

Disgraced Chicago tech star gets 7 1/2 years in prison

Jurors last year convicted three former executives of tech startup Outcome Health on multiple fraud charges.

Deepwater Horizon trustees provide update on $8.8 billion restoration settlement

The five gulf states affected by the 2010 oil spill, along with the federal government, have committed more than 60% of the available funding to restoration projects.

Former union president sentenced to 4 years prison for embezzling funds

Brian Burrows allowed local leaders of the electric union to siphon approximately $600,000 from union funds over seven years, while he also used funds for personal expenses, prosecutors said.

IRS delays in resolving identity theft cases are ‘unconscionable,’ an independent watchdog says

The time it takes to resolve self-reported identity theft cases has worsened since the previous report in January, when it was nearly 19 months.

Cali unemployment fraud

SAN FRANCISCO — A federal court in California allows consumers’ long-running, multi-district complaint to continue against Bank of America over rampant theft and fraud of its customers’ unemployment benefits following Covid-19. Theft was so bad, California’s Employment Development Department cancelled a contract with the bank, which had been distributing funds. A series of Electronic Funds Transfer Act claims survive, alleging consumers’ accounts were frozen without explanation while theft was occurring.

California governor to deliver State of the State in prerecorded message

Some Republicans have pushed back on Governor Gavin Newsom's decision to not deliver an in-person address, saying it's disrespectful.

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