Jury finds Bank of America guilty of loan fraud

Jury finds Bank of America guilty of loan fraud

NEW YORK, Oct. 23 (UPI) -- A Manhattan jury found Bank of America guilty of fraud by purchasing Countywide Financial, which, in 2007, rushed to sell loans to national mortgage brokers.

SEC signals it will get tough on accountability

WASHINGTON, June 21 (UPI) -- The head of the U.S. Securities and Exchange Commission said some regulatory settlements in the future will include admissions of guilt by securities violators.

Citigroup win over Terra Firma overturned

NEW YORK, May 31 (UPI) -- An appeals court in New York has overturned Citigroup's 2010 win over private equity firm Terra Firma on what it said was mostly a technicality.

Rajat Gupta given 2-year prison sentence

NEW YORK, Oct. 24 (UPI) -- A federal judge in New York gave former Goldman Sachs board member Rajat Gupta a two-year prison sentence for his role in an insider trading case.

Stoker jury acquits, but not quietly

NEW YORK, Aug. 4 (UPI) -- Jurors in a trial against a Citigroup executive in New York are rallying behind the regulators who did not win the case.
Trusting banks

Trusting banks

With delicious timing and opportunistic understatement, researchers at polling firm Gallup said confidence in banks among U.S. adults had fallen to a new low.
ANTHONY HALL, United Press International

Rajat Gupta trial opens with jury selection

NEW YORK, May 21 (UPI) -- Eight women, four men and four alternates were seated Monday in the insider trading trial of a former director of Goldman Sachs and Procter & Gamble.

Another BofA settlement is challenged

NEW YORK, April 21 (UPI) -- A settlement over a class-action lawsuit between Bank of America and two pension funds is being challenged by lawyers in another case, court papers say.

Watercooler Stories

Town resists billionaire's Zeus temple bid … Judge puts hold on kitty litter ad … Teen sleeps through plane stop … Teen pleads guilty, takes public office … Watercooler stories from UPI.

Judge puts hold on kitty litter ad

NEW YORK, Jan. 5 (UPI) -- A New York judge put a hold on a Clorox Fresh Step TV advertisement after competitor Arm & Hammer took issue with the ad's claims.

Three bankers indicted in tax fraud case

WASHINGTON, Jan. 4 (UPI) -- The U.S. Justice Department said three Swiss bankers have been indicted on charges they conspired to hide more than $1.2 billion in assets from tax officials.
Joe Common Sense

Joe Common Sense

U.S. stocks soared Monday largely on the news that one day at the country's shopping malls, albeit one of the top few days of the year, was deemed a success.
ANTHONY HALL, United Press International

Judge slams SEC for Citigroup settlement

NEW YORK, Nov. 28 (UPI) -- A federal judge has rejected a U.S. Securities and Exchange Commission settlement with Citigroup, saying the agency isn't meeting its legal responsibilities.
Big banks get break in Madoff case

Big banks get break in Madoff case

NEW YORK, July 29 (UPI) -- A federal judge in New York has dramatically limited the options for recovering funds in the Bernard Madoff case.
N.Y. judge rules against anti-smoking ads

N.Y. judge rules against anti-smoking ads

NEW YORK, Dec. 30 (UPI) -- A New York judge has ruled against a city regulation requiring retailers to post "disgusting" anti-smoking ads near their tobacco products or cash registers.
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Jed Saul Rakoff (born August 1, 1943) is a United States District Judge for the Southern District of New York.

Rakoff was born in Philadelphia, Pennsylvania January 1, 1943. Rakoff graduated with honors in English literature from Swarthmore College (B.A. 1964), earned his M. Phil. from Balliol College at Oxford University (1966). He received a J.D.,cum laude, from Harvard Law School (1969), where he was a member of the Harvard Legal Aid Bureau. He has received honorary degrees from Saint Francis University and from Swarthmore.

After serving as law clerk to the late Honorable Abraham Freedman of the U.S. Court of Appeals for the Third Circuit, Rakoff spent two years in private practice at Debevoise & Plimpton before joining the U.S. Attorney's Office for the Southern District of New York. He spent seven years with the Office, the last two as Chief of the Business and Securities Fraud Prosecutions Unit. He then returned to private practice where he was a partner first with Mudge, Rose, Guthrie, Alexander & Ferdon, and then with Fried, Frank, Harris, Shriver & Jacobson. He headed both firms' criminal defense and civil Racketeer Influenced and Corrupt Organizations Act (RICO) sections.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Jed Rakoff."
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