The U.S. Centers for Disease Control and Prevention is known for its efforts to combat obesity, or Zika, or the H1N1 flu virus. It now is drawing attention to a hazard that doesn’t sound like a disease at all, “senior financial abuse.” A 2016 survey from the Investor Protection Trust said almost 1 in 5 seniors, some 7 million Americans, report that they have been victims of exploitation.
The federal investigation that sent shock waves through college athletics and the sports apparel industry began in 2014, when a financial adviser to professional athletes in Pittsburgh became an FBI informant. Ten men, including four basketball coaches at major schools and an Adidas executive, were arrested this week.
The U.S. Court of Appeals for the Second Circuit voids the conviction of former New York Senate Majority Leader Dean Skelos in what prosecutors called a scheme to leverage Skelos’ political power for his son’s benefit. Federal prosecutors say they will retry the case.
The FBI says overall reports of violent crime increased by 8.6 percent in 2016, and homicides were up 4.1 percent. One analyst called the increases “ominous,” following similar upticks in 2015. Others point out that crime in the U.S. is still at modern historical lows. “What’s going on?” asked another expert. “No one really knows.”
Rod Rosenstein suggests the U.S. Justice Department will make changes to an Obama-era policy that aimed to increase prosecutions of individuals responsible for criminal acts committed during work for corporations.
Convicted former Illinois Gov. Rod Blagojevich is speaking out for the first time since beginning his 14-year sentence on corruption charges. He spoke of the “bad sounds and bad smells” in a federal prison in Colorado.
Federal prosecutors accuse Sen. Bob Menendez (D-NJ) of accepting lavish gifts in exchange for using his political influence to help a friend. a Florida eye doctor. A new Supreme Court ruling will make it difficult for the prosecution.
The jailed Wall Street financier has been a poster symbol for the corruption and fraud that many believe led to the 2008 financial meltdown. But a new book by sociologist Colleen Eren argues that the real problem is the economic culture that allowed him to flourish.