The Justice Department's complaint provides details of a few questionable mortgages sold by Countrywide as examples of the types of transactions that constituted fraudulent claims under the False Claims Act.
If true, this would cast a dim light on the way things were done at the NYSE, where Mr Greenberg used to sit on the board; but it need not constitute "fraudulent" manipulation, the normal standard in prosecutions.Were all this not enough, AIG is still at the heart of another investigation into sleazy sales practices in the insurance industry.
Despite these doubts, Purdue Pharma went full steam ahead in marketing the drug as having a "reduced-risk" for addiction; in the court case, it was found that this constituted fraudulent and deceptive marketing, and in a guilty plea, Purdue Pharma agreed, with the company stating that "[w]e accept responsibility for those past misstatements and regret they were made".
High River also claimed that Realogy was insolvent and the new debt offering constituted a fraudulent conveyance by the company.
Under federal bankruptcy law, a trustee can recover up to six years' worth of transfers if they constitute a "fraudulent conveyance" of the bankrupt firm's assets.
In the course of its bankruptcy, NextWave had argued that the government's sale of the licenses constituted a "fraudulent conveyance" because by the time the government actually conveyed the licenses their value had declined to less than $1 billion.
Others found this research to be fraudulent.
Both techs insist no deception was intended, but Judge Bartle in federal court declared that "the insertion of frames constitutes flagrant, if not fraudulent or criminal, behavior".
"The fraudulent registration of births of foreigners constitutes a serious threat to the national security of our country," Home Affairs Minister Nkosazana Dlamini Zuma said in a statement.
"The grand jury indictment alleges that mass-produced fraudulent signatures on notarized real estate documents constitutes forgery," Mr. Koster said in a statement.
Although the S.E.C. may be able to show the trading involved fraudulent conduct, it is not clear how it constitutes insider trading.
