A former high school teacher at the Bronx High School of Science pleaded guilty to receiving child pornography in Manhattan federal court on September 23. The charge carries a mandatory five-year prison sentence with a maximum of 20 years. Jon Cruz, 33, paid minors to send him sexually explicit images between July 2014 and December…

Three men were arrested on fraud charges brought by U.S. Attorney Preet Bharara in Manhattan over $12 million that investors were told would be used to produce major films. Gerald Seppala, Steven Brown and James David Williams face conspiracy, money laundering and wire fraud charges. If convicted, they could face decades in prison. Prosecutors claim…

Andrew Caspersen, a former Wall Street executive, pleaded guilty to federal charges that he defrauded investors of nearly $40 million. Caspersen, accompanied by his attorney, pleaded guilty in a Manhattan federal courtroom to one charge of wire fraud and one charge of securities fraud, each of which carries a maximum penalty of 20 years in…

A Manhattan judge sentenced a hedge fund manager to probation rather than prison for securities fraud, saying that the defendant had taken responsibility for his crimes quickly. U.S. District Judge Robert Sweet sentenced Owen Li, the founder of Canarsie Capital LLC, to probation. The judge earlier indicated that he was likely to give Li a…