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Lawsuit Alleges Mets Owner And Partner Made $300 Million Through Madoff Scheme

The owners of the New York Mets are accused of making over $300 million from Bernie Madoff's Ponzi scheme in a lawsuit that was unsealed Friday.

Mets owners scored millions in Madoff scheme: lawsuit

The owners of the New York Mets were accused of reaping $300 million of fictitious profits from Bernard Madoff's record Ponzi scheme, a lawsuit by the trustee seeking money for Madoff's victims said.

Pakistan cricket players charged with cheating, corruption

Pakistan cricketer Salman Butt leaves Kilburn Police Station in London

Three Pakistan cricket team players and an agent will face corruption charges, according to Britain’s the Crown Prosecution Service

CBI arrests ex-telecoms minister Andimuthu Raja

The Central Bureau of Investigation (CBI) on Wednesday arrested former telecoms minister Andimuthu Raja over a massive graft scam, officials said, a huge blow for Prime Minister Manmohan Singh and efforts to pass bills in the parliamentary budget session.

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Alcatel-Lucent, subsidiaries settle corruption charges with DOJ for $92 mln

Paris-based telecoms equipment giant Alcatel-Lucent SA and three of its subsidiaries have agreed to pay a combined $92 million penalty to settle a Foreign Corrupt Practices Act (FCPA) investigation into the global sales practice of Alcatel S.A. prior to its 2006 merger with Lucent Technologies Inc.

U.S. Representative Charles Rangel (D-NY) answers a question during a news conference after the U.S. House of Representatives censured him for ethics violations, on Capitol Hill in Washington, December 2, 2010

Defiant Rangel censured by House for ethics violation

Disgraced Rep. Charles Bernard Rangel (D-N.Y.) has been censured by the U.S. House of Representatives for ethics violation but narrowly escaped expulsion.

India's Prime Minister Manmohan Singh attends the Indian labor conference in New Delhi November 23, 2010

Indian PM not guilty of inaction in 2G scam, Atty. Gen. tells apex court

Indian Prime Minister Manmohan Singh is not guilty of inaction but was misguided by the Law Ministry and the bureaucrats and hence delayed in filing replies to the complaints of an opposition lawmaker who sought sanction to prosecute 2G spectrum scam accused Andimuthu Raja, the Attorney General of India has submitted before the Supreme Court.

U.S. Representative Charles Rangel (D-NY) talks on his mobile phone as he waits for the panel to return from a break in his ethics hearing before the House Adjudicatory subcommittee at Capitol Hill in Washington, November 18, 2010

U.S. House will decide Rangel's fate next week

Rep. Charles Rangel (D-N.Y.), who has been found guilty of ethics violations, could become the congressman to be censured since 1983 if the full House of Representatives approves the punishment recommended by the congressional ethics committee.