(frankieleon)

Feds Charge 18 People With Ringing Up $200 Million In Fraudulent Credit Card Charges

Credit card fraud is nothing new — identity theft is common enough — but managing to make up enough identities to steal $200 million from credit card companies? That’s a staggering feat, and yet 18 people managed to pull it off. At least, until the U.S. Department of Justice managed to crack the case. [More]

Justice Department Investigates Standard & Poor's
Mortgage Security Ratings

Justice Department Investigates Standard & Poor's Mortgage Security Ratings

Standard & Poor’s may be have a downgrade of sorts in store for itself, now that the credit ratings agency is the target of a Justice Department investigation into its ratings of mortgage companies before the financial crisis. [More]

Justice Department Says North Carolina Fails At Caring For Mentally Ill

Justice Department Says North Carolina Fails At Caring For Mentally Ill

According to gripes from the U.S. Department of Justice, the state of North Carolina is mishandling mental health patients, violating the Americans With Disabilities Act by failing to provide adequate housing. The DOJ may sue the state and force 1,200 mental health patients out of adult care homes — inadequate facilities which it says are operating as mental health care facilities. [More]

College Football Bowl System Apparently Warrants DOJ's Attention

College Football Bowl System Apparently Warrants DOJ's Attention

Because antitrust investigators at the Justice Department made such quick work of their investigations into the United/Continental and NBC/Universal mergers, they apparently have plenty of free time to wonder why there are no playoffs in the Bowl Championship Series. [More]

Worst Company Winner BP Commits Up To $1 Billion To Speed Up Gulf Restoration

Worst Company Winner BP Commits Up To $1 Billion To Speed Up Gulf Restoration

A day after the one-year anniversary of the Deepwater Horizon disaster, which killed 11 offshore rig workers, released millions of barrels of crude oil into the Gulf of Mexico, and earned BP the title of Worst Company In America, the Golden Poo winners announced that it has reached an agreement to pony up another $1 billion toward Gulf restoration efforts. [More]

U.S. Investigating Morgan Stanley Subsidiary For Unlawfully Foreclosing On Military Families

U.S. Investigating Morgan Stanley Subsidiary For Unlawfully Foreclosing On Military Families

A Morgan Stanley unit is under investigation by the Justice Department for foreclosing on nearly two dozen military families without a court hearing, a violation of Federal law meant to protect active duty service members. [More]

21 Airlines Fined $1.7 Billion In Price-Fixing Scheme

21 Airlines Fined $1.7 Billion In Price-Fixing Scheme

The Justice Department has fined 21 airlines in a massive global price-fixing scheme. British Airways, Air France-KLM and Virgin Atlantic were among the airlines indicted. Even four executives have gone to jail. What did they do? The JD charges that the airlines colluded to artificially inflate fuel surcharges for passengers industry-wide, as well as cargo surcharges. The case probably wouldn’t have been broken if Luthansa and Virgin Atlantic hadn’t come forward and confessed under the Justice Department’s amnesty program that provides leniency for finking. In an interesting turn, the scheme was so codified that various airlines had entire committees and sub-committees devoted to managing it. [More]

Justice Dept. Goes After Blue Cross Blue Shield Of Michigan

Justice Dept. Goes After Blue Cross Blue Shield Of Michigan

Crimefighters at the Justice Department put on their antitrust capes today, filing a lawsuit against Blue Cross Blue Shield of Michigan. The DOJ alleges the insurance company violated antitrust laws by asking hospitals to sign contracts that precluded other insurers from offering a better discount. [More]

Amex Slapped With Antitrust Suit, Visa & Mastercard Settle

Amex Slapped With Antitrust Suit, Visa & Mastercard Settle

The Justice Department sued Amex today, saying that the restrictions it places on merchants were anti-competitive. According to the complaint, the rules “impede merchants from promoting or encouraging the use of a competing credit or charge card with lower card acceptance fees.” [More]

Fee For Paying With Plastic? Decision Nears

Fee For Paying With Plastic? Decision Nears

The US Justice Department is said to be close to a decision on whether credit card companies can continue to forbid merchants from charging extra to customers who use credit cards to cover the cost of the credit card processing fees (usually 1-5% of the price). [More]

Government Investigating Apple On Music Practices

Government Investigating Apple On Music Practices

The U.S. Department of Justice is reportedly investigating Apple, to determine whether the company used its position as the nation’s largest music retailer to unfairly influence music labels. Apple allegedly told labels not to offer exclusives to Amazon.com, and punished those that didn’t comply by dropping marketing support on iTunes. [More]

Should Google Be Broken Apart?

Should Google Be Broken Apart?

The consumer group Consumer Watchdog is planning to ask the Justice Department to “launch an antitrust action against the search giant and seek remedies including a possible break up,” reports the San Francisco Chronicle. The group will host a press conference in Washington, D.C. tomorrow where it will argue that there’s enough evidence to warrant antitrust action from the feds. [More]

Justice Department Takes Aim At Mean Commenters

Justice Department Takes Aim At Mean Commenters

Attention mean commenters: watch what you say or the Justice Department will hunt you down. Seriously! The U.S. Attorney in Nevada subpoenaed the Las Vegas Review-Journal to reveal the identities of two anonymous commenters whose statements could be read as mildly threatening to jurors involved in a tax case, if you’ve never read internet comments before.

Ticketmaster Is Evil And Must Die

Ticketmaster Is Evil And Must Die

Ticketmaster is an evil monopoly that steals cash from defenseless consumers. They are infinitely more evil than their hated 30% surcharge would suggest, and they must be destroyed.

Wachovia Now Being Investigated For Drug Money Laundering

Wachovia Now Being Investigated For Drug Money Laundering

Wachovia, you old rascal! As soon as you wrap up one unsavory scandal, a new possible scandal comes to light. U.S. justice authorities are investigating the bank for possible money laundering through Mexican and Colombian money-transfer businesses. The Wall Street Journal reported on Saturday that “the bank is possibly facing a deferred-prosecution agreement with the US Department of Justice that would subject it to ‘extensive federal oversight,’” but Wachovia denies that any such discussion has taken place.

FBI Said To Be Investigating Countrywide

FBI Said To Be Investigating Countrywide

The FBI has opened an investigation into Countrywide for suspected securities fraud, reports the New York Times. The Justice Department and FBI “are looking at whether officials at Countrywide, the nation’s largest mortgage lender, misrepresented its financial condition and the soundness of its loans in security filings.” So far everything is unofficial because nobody has been authorized to discuss the case, and a Countrywide spokeswoman says, “”We are not aware of any such investigation.”

Corporate-Wrongdoing Rules Eased, Yay!

Corporate-Wrongdoing Rules Eased, Yay!

Remember how Sen. Specter wanted those corporate-wrongdoing rules eased last week? Yesterday, his wish came true. In the wake of the 2003 Worldcom scandals, federal prosecutors received new powers in the form of guidelines written by then deputy attorney general, Larry D. Thompson.

The News Can, and Will, Kill You

The News Can, and Will, Kill You

• 4th worst spammer in the world gets $1 million fine and is stripped of his powers to make your penis bigger. [CT]