Here is what we are reading today:
From @CrimeADay : 18 U.S.C. §1159 makes it a federal crime to sell a product by falsely suggesting it was made by an American Indian.
U.S. Seeks Review Of Sweeping Ruling Limiting Insider Cases (Bloomberg) - Federal prosecutors in New York asked an appeals court to reverse a sweeping ruling making it harder for them to win insider-trading cases. The Dec. 10 decision by a three-judge panel overturned the convictions of two former hedge fund managers and may lead to the dismissal of charges against others found guilty in a multiyear insider-trading probe.
Hurricane Sandy Insurance Issues Focus Of Criminal Probe (Bloomberg) - New York’s attorney general has opened a criminal probe into accusations by Hurricane Sandy victims that insurance companies rejected claims for flood damage to their properties based on falsified engineering reports, a person familiar with the matter said.
Telecom Scam Leads To Prison Term For Pair In Chicago (enews) - Two defendants were sentenced yesterday to federal prison terms for an investment fraud scheme in which they swindled more than $30 million from more than 100 investors in a purported voice-over-internet telecommunications business. One defendant, GAIL HOWARD, was sentenced to seven years in prison, while her co-defendant, JAMES JEDYNAK, was sentenced to 6½ years in prison. Together, Howard and Jedynak misappropriated more than $6 million of investors’ funds for their own benefit.
Woman Sentenced To Prison for Credit Union Embezzlement (OC Register) - A Lakewood woman who pleaded guilty to a protracted embezzlement scheme that resulted in the failure of a credit union was sentenced Friday to 21 months in federal prison.
Wendy Wall, 50, was sentenced by United States District Judge James V. Selna in Santa Ana. In addition to the prison term, Selna ordered a four-year term of supervised release, which would include 12 months of home confinement and ordered Wall to pay $480,273 in restitution, the FBI said in a statement.
Freedom Industries Exec Faces New Charges (Salt Lake Tribune) - A former Freedom Industries executive charged in a West Virginia chemical spill is facing a new federal fraud charge stemming from the company's bankruptcy. A federal grand jury in Beckley handed up a superseding indictment on Wednesday against former Freedom President Gary Southern and three other former executives. The indictment charges Southern with a new count of fraud by interstate commercial carrier and restates the original indictment's charges against him and the others.
Three Happy Cows Yogurt Creator Sentenced To 5 Years For Arson (Dallas Morning News) - A Dallas businessman was sentenced Thursday to five years in federal prison for setting his manufacturing plant on fire. Edgar Dalmiro Diaz, 56, also was ordered by U.S. District Judge Jane Boyle to pay $1.5 million in restitution.
Journalist Sentenced To 63 Months For Relationship With Sources Close To Anonymous (BoingBiong) - A court in Dallas has sentenced Barrett Brown to 63 months in federal prison, minus 28 months already served. For count one in the case, he receives 48 months. For count 2, he receives 12 months. And for count 3, he receives 3 months. He is also ordered to pay $890,000 in restitution. The government's charges against the intelligence and security reporter stemmed from his relationship with sources close to the hacker group Anonymous.