Justice Department

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Feds, BofA Strike $17B Settlement

Justice announces largest deal it's ever reached

(Newser) - The Justice Department has announced a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the 2008 financial crisis. The deal announced today calls for the bank, the second-largest in the US, to pay a $5 billion cash...

BofA, Feds Near Biggest Settlement in US History

Justice Dept. deal would cost bank $16B-$17B for foreclosure mess

(Newser) - Bank of America is headed toward the biggest settlement to arise from the 2008 financial crash, a deal with the Justice Department reportedly worth $16 billion to $17 billion over its role in the sale of mortgage-backed securities, a source directly familiar with the matter tells the AP . The tentative...

FedEx Accused of Drug Trafficking

Feds indict over online pharmacies; company says it did nothing wrong

(Newser) - Is FedEx a drug trafficker? Federal prosecutors think so; yesterday they slapped the shipping company with a 15-count indictment, alleging that it knowingly shipped drugs for illegal online pharmacies, the Wall Street Journal reports. According to the indictment, FedEx even set up a special "Online Pharmacy Credit Policy" to...

Citi to Pay $7B Fine Shaped by ... Benghazi Arrest?

Justice Department delayed lawsuit for publicity reasons

(Newser) - Citigroup today agreed to shell out $7 billion to settle allegations stemming from its role in the mortgage crisis. The deal will consist of $4.5 billion in cash and $2.5 billion in consumer relief, the Wall Street Journal reports. The penalty is notably lower than the $13 billion...

Menendez: Cuba Hatched Bogus Hooker Sex Story

NJ senator wants DOJ to look into alleged smear campaign

(Newser) - Robert Menendez thinks the Cuban government planted evidence that he partied with underage prostitutes, and the New Jersey senator is asking the Justice Department to look into his claims, reports the Washington Post . Menendez, known as a vocal Castro critic, alleges that plot was timed to put a wrench in...

'Tour de Fraud' Earns Bank Record Fine

BNP Paribas fined almost $9B for bypassing sanctions

(Newser) - Federal prosecutors at last made good on their promise to get a guilty plea out of a major bank yesterday, as BNP Paribas agreed to a record fine of almost $9 billion for violating US sanctions. The bank, the biggest in France, "perpetrated what was truly a Tour de...

DOJ Plan: Cut 20K Inmates' Jail Time by 23 Months

Holder-endorsed proposal would reduce nonviolent offenders' sentences

(Newser) - Some 9% of the federal prison population could see their sentences reduced by an average of 23 months thanks to a new Justice Department proposal endorsed by Eric Holder. The US Sentencing Commission voted in April to reduce drug sentences for nonviolent offenders in the future; this proposal, presented to...

Indiana: We Can't Afford to Reduce Prison Rape

State decides it's better off losing federal grants

(Newser) - Indiana's governor says the state will not be implementing federal guidelines for reducing prison rape because the cost is too high and it has other spending priorities. State officials say complying with the Prison Rape Elimination Act passed in 2003 and signed into law by George W. Bush would...

US Charges Swiss Bank in Tax Evasion Case
Swiss Bank: Yep, We Helped Americans Duck Taxes
updated
May 19, 2014 5:15 PM CDT

Swiss Bank: Yep, We Helped Americans Duck Taxes

Credit Suisse pleads guilty in Justice Department case

(Newser) - Credit Suisse AG has pleaded guilty to helping wealthy Americans avoid paying their taxes through offshore accounts, CNN Money reports. A person familiar with the matter said the European bank has agreed to pay about $2.6 billion in penalties, which will apparently be paid to the Justice Department and...

US Charges 5 in China's Military With Cyber Spying

It's the first such charge against a state actor

(Newser) - The US government has filed criminal charges against five Chinese military officers, accusing them of spying on American businesses, NBC News and USA Today report. It's the first time the US has leveled such charges against a state actor. The Justice Department is alleging that the officers used military...

Thousands of Drug Offenders Get New Shot at Clemency

White House calls for 'justice, fairness, proportionality'

(Newser) - Thousands of nonviolent drug offenders now serving long sentences in federal prisons could receive clemency from President Obama under a major Department of Justice overhaul. Attorney General Eric Holder announced yesterday that "a larger field of eligible individuals" will be eligible for clemency under new guidelines and the administration...

Feds: Albuquerque Cops Use Excessive Force

Report slams department for violating civil rights

(Newser) - Police in New Mexico's biggest city routinely violate people's constitutional rights with a pattern of excessive and deadly force, a damning Justice Department report finds. The department's civil-rights investigation found that the majority of the police shootings in Albuquerque over the last few years were unjustified and...

Sources: Toyota to Pay $1.2B to End Criminal Probe
 Toyota Pays $1.2B 
 to End Criminal Probe 
UPDATED
Mar 19, 2014 9:15 AM CDT

Toyota Pays $1.2B to End Criminal Probe

It's an unusually large settlement for an automaker

(Newser) - Toyota will write a hefty $1.2 billion check to end a four-year Justice Department investigation into its unintended acceleration scandal , Attorney General Eric Holder announced today. It's the largest criminal penalty against a car company in US history, according to USA Today . "Today we can say for...

American Arrested, Accused of Plot to Join al-Qaeda

Nicholas Teausant planned flight to Syria, officials say

(Newser) - Federal prosecutors say a 20-year-old California man has been arrested near the Canadian border in Washington state and charged with trying to provide support to al-Qaeda's efforts in Syria. The Justice Department said today that Nicholas Teausant, of Acampo, Calif., was planning to travel to Canada before proceeding to...

Feds Open Criminal Inquiry Into GM Auto Recall

Justice Department suspects automaker didn't act quickly enough

(Newser) - General Motors is facing more pressure over its handling of a deadly defect in certain compact cars as word leaked of a criminal investigation and two congressional committees opened inquiries into the matter. The Justice Department is investigating whether GM broke any laws with its slow response to a problem...

CIA Accused of Spying on Senate Staffers

Inspector General looking into clashes over torture report

(Newser) - The CIA's Inspector General is calling for the Justice Department to look into allegations that the agency illegally spied on aides to the Senate Intelligence Committee as they gathered information for a potentially contentious report on the CIA's torture program, McClatchy reports. The CIA had insisted that the...

Eric Holder Hospitalized for Shortness of Breath

AG resting comfortably after dizzy spell

(Newser) - The Justice Department says Attorney General Eric Holder has been taken to the hospital as a precaution after experiencing faintness and shortness of breath at work. A statement says Holder is "resting comfortably and in good condition" at a Washington hospital after feeling the symptoms during a morning meeting...

Lawyers to Obama: You Have 4 Options to Reform NSA

Scrapping phone-snooping program is one of them

(Newser) - President Obama asked White House lawyers last month to come up with ways to reform the National Security Administration's phone-surveillance program and they have delivered four options, insiders tell the Wall Street Journal . One option—and probably the least likely to be adopted—is scrapping the program altogether, while...

Report: Feds Subpoena Mt. Gox

Japan also promises to investigate

(Newser) - Federal prosecutors in New York have sent a subpoena to Mt. Gox, the once-mighty bitcoin exchange that vanished yesterday , the Wall Street Journal reports. Prosecutors demanded that the site preserve certain documents, a source said. Mt. Gox is based out of Tokyo, but if its employees sent emails or financial...

DOJ: Prosecutor Said 'Boys Will Be Boys' About Rape Case

Feds say it's part of a 'disturbing pattern' in Montana's Missoula County

(Newser) - The Justice Department thinks prosecutors in the Missoula County Attorney's Office in Montana take reports of sexual assaults so lightly that it "places the safety of all women in Missoula at risk," reports Mother Jones . It's not the first time DOJ has gotten involved , but the...

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