Investigations - Page 76

December 20, 2015

GAO report finds thousands of government workers on paid leave, costing taxpayers millions

Thousands of federal workers who have been put on administrative leave for more than a month have been allowed to collect a paycheck, and accrue vacation days and pension benefits, while taxpayers were forced to foot the multi-million-dollar bill, according to a new report from the Government Accountability Office.

December 20, 2015

Federal workers abuse purchase cards at public expense

Federal employees are running amok with government credit cards, making thousands of personal purchases at the public’s expense.

December 20, 2015

Company wins $80M helicopter contract from Army despite federal probe

The Army has awarded $80 million in helicopter contracts to Wall Street executive Lynn Tilton even as the Justice Department is investigating whether she played by the rules to win earlier military work.

December 20, 2015

Justice Department to reportedly charge banks, individuals over currency manipulation

The Justice Department is planning to investigate and charge several of the world's largest banks with crimes connected to the manipulation of currency exchanges, according to a published report. 

December 20, 2015

Holder calls for increased whistleblower rewards

The Justice Department expects to bring criminal charges in the coming months in investigations involving financial institutions, Attorney General Eric Holder said Wednesday as he called for better incentives for Wall Street whistleblowers who report crime.

December 20, 2015

850 days of ‘the grossest incompetence:’ How the IRS botched a case of identity theft

Jason Dinesen smiled politely and shook his head when asked about a new bill in the U.S. Senate that aims to improve how the IRS handles cases of identity theft by assigning one agent to deal with each individual case.

December 20, 2015

Bank of America reportedly nears settlement to end probe of mortgage-backed securities sales

Bank of America is nearing a $16 billion to $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, a person directly familiar with the matter said Wednesday.

December 20, 2015

Justice Department reportedly nears settlement with BNP Paribas over sanctions violations

U.S. prosecutors and BNP Paribas have reached an agreement on the general outline of a deal that would require France's largest lender to pay between $8 billion and $9 billion in fines for allegedly covering up $30 billion in transactions that violate U.S. sanctions, according to a published report.

December 20, 2015

France says mooted $10B fine of BNP Paribas is 'unreasonable'

France's foreign minister has criticized the U.S. after it was reported that France's largest lender, BNP Paribas, could face a fine of at least $10 billion as a result of allegations that the bank violated U.S. sanctions. 

December 20, 2015

Officials say no evidence criminal charges warranted so far in IRS targeting probe

Officials told the Wall Street Journal that thus far, investigators have found no evidence of the type of “enemy hunting” that would warrant federal criminal charges being filed.