Gautam Adani and his associates were accused of paying more than $250 million in bribes to obtain lucrative solar energy contracts.
Category: Securities and Commodities Violations
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F.B.I. Searches Home of Shayne Coplan, Polymarket Founder
The search involving Shayne Coplan, the founder of Polymarket, known for its presidential election odds, was part of a criminal investigation, three people said.
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Veterans Dept. Investigating Acadia Healthcare for Insurance Fraud
Several federal agencies are investigating whether the large chain of psychiatric hospitals held patients without medical justification.
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Officials Cast Doubt on a Dementia Drug, but Human Trials Continue
The S.E.C. alleged shortcomings in research said to support the drug, and its developer agreed to a $40 million settlement. Some experts wonder why clinical trials have not been stopped.
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Acadia Healthcare Says It Faces New Federal Investigations
Shares of the company, one of the largest chains of for-profit psychiatric hospitals, were down 25 percent at one point.
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Strange Cellmates in a Brooklyn Jail: Sean Combs and Sam Bankman-Fried
Mr. Combs is sleeping in the same dormitory-style room as Mr. Bankman-Fried, the crypto mogul who was convicted of fraud.
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Criminal Charge Against Andrew Left of Citron Research Unsettles Short Sellers
Andrew Left is fighting a range of criminal and civil charges related to his trading practices, and other investors who make money by betting on a decline in stock prices are watching closely.
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Carl Icahn, Activist Investor, Faces Intense Scrutiny From Wall Street
The 88-year-old activist investor’s stake in his own company has fallen by nearly $20 billion. Mr. Icahn said that he was “absolutely not selling.”
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Andrew Left, Prominent Short Seller, Accused of Fraud in Multiyear Scheme
Federal authorities filed charges against Andrew Left, founder of Citron Research, who they said made at least $16 million from a multiyear scheme to manipulate market prices.
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Executives Depart Cassava, Maker of Disputed Alzheimer’s Drug
The chief executive and a lead scientist stepped down weeks after a federal grand jury filed fraud charges against a research collaborator.
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Herbert Hoelter, Prison Consultant to the Rich and Infamous, Dies at 73
He helped Martha Stewart, Leona Helmsley, Michael Milken and other white-collar criminals win lighter sentences, and prepared them for life in prison.
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Carlos Watson, Ozy Media Founder, Is Found Guilty of Fraud
Mr. Watson, who denied lying to investors and lenders, faces up to 37 years in prison.