Read full articleBy Luc Cohen and Jody GodoyNEW YORK(Reuters) -Former Goldman Sachs banker Roger Ng was convicted by a U.S. jury on Friday of corruption charges related to his role in helping loot hundreds of millions of dollars from Malaysia's 1MDB development fund.The charges stemmed from one of the biggest financial scandals in history. Prosecutors charged Ng, Goldman's former top investment banker for Malaysia, for conspiring to violate an anti-corruption law and launder money.They said he helped his former boss Tim Leissner embezzle money from the fund, launder the proceeds and bribe...…Read full articleBy Luc Cohen and Jody GodoyNEW YORK(Reuters) -Former Goldman Sachs banker Roger Ng was convicted by a U.S. jury on Friday of corruption charges related to his role in helping loot hundreds of millions of dollars from Malaysia's 1MDB development fund.The charges stemmed from one of the biggest financial scandals in history. Prosecutors charged Ng, Goldman's former top investment banker for Malaysia, for conspiring to violate an anti-corruption law and launder money.They said he helped his former boss Tim Leissner embezzle money from the fund, launder the proceeds and bribe...WW…

By A federal judge in Tampa on Thursday denied a bid by local adult-oriented businesses to access pandemic relief funds, saying federal law prevents judges from constraining the agency that oversees the program.U.S. District Judge William Jung wrote that the lawsuit seeking to block the U.S. Small Business Administration from excluding strip clubs and adult bookstores from the Paycheck Protection Program was barred by an anti-injunction clause in the Small Business Act.To read the full story on Westlaw Today, click here: Our Standards:…By A federal judge in Tampa on Thursday denied a bid by local adult-oriented businesses to access pandemic relief funds, saying federal law prevents judges from constraining the agency that oversees the program.U.S. District Judge William Jung wrote that the lawsuit seeking to block the U.S. Small Business Administration from excluding strip clubs and adult bookstores from the Paycheck Protection Program was barred by an anti-injunction clause in the Small Business Act.To read the full story on Westlaw Today, click here: Our Standards:WW…

By , J&F is paying only half of the $256.5 million fines levied due to settlements made with Brazilian authorities three years ago. Then, J&F paid a record-setting 10.3 billion-real ($1.85 billion) fine in Brazil for its role in corruption scandals that severely weakened then-president Michel Temer.In Brazil, its top executives have admitted to bribing more than 1,900 politicians to advance their business interests - especially JBS’s expansion - and secure low-cost financing from state-run banks.Shares of JBS rose more than 9% in late Sao Paulo trading following announcement of the...…By , J&F is paying only half of the $256.5 million fines levied due to settlements made with Brazilian authorities three years ago. Then, J&F paid a record-setting 10.3 billion-real ($1.85 billion) fine in Brazil for its role in corruption scandals that severely weakened then-president Michel Temer.In Brazil, its top executives have admitted to bribing more than 1,900 politicians to advance their business interests - especially JBS’s expansion - and secure low-cost financing from state-run banks.Shares of JBS rose more than 9% in late Sao Paulo trading following announcement of the...WW…

By A former bank CEO accused of bribing President Donald Trump’s former campaign chairman Paul Manafort on Monday urged a Manhattan federal judge to press forward with his December trial despite prosecutors’ concerns over the need to quarantine out of state witnesses.Lawyers for Stephen Calk, 55, the former CEO of Federal Savings Bank in Chicago who has been accused of approving $16 million in high-risk loans to Manafort in exchange for help getting a position in the Trump administration, told U.S. District Judge Lorna Schofield that their client hopes to go to trial Dec. 2 as scheduled.To...…By A former bank CEO accused of bribing President Donald Trump’s former campaign chairman Paul Manafort on Monday urged a Manhattan federal judge to press forward with his December trial despite prosecutors’ concerns over the need to quarantine out of state witnesses.Lawyers for Stephen Calk, 55, the former CEO of Federal Savings Bank in Chicago who has been accused of approving $16 million in high-risk loans to Manafort in exchange for help getting a position in the Trump administration, told U.S. District Judge Lorna Schofield that their client hopes to go to trial Dec. 2 as scheduled.To...WW…