A six-count indictment was unsealed on July 8 against a former New York attorney in federal court in New York. Joseph Scali was charged with structuring cash transactions, mail fraud, tax evasion, obstructing the IRS, perjury and obstruction of justice. U.S. Attorney for the Southern District of New York, Preet Bharara announced the charges and…

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…