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A revised indictment, handed up last October, accused the 19 of "devising, marketing and implementing fraudulent tax shelters" as well as preparing "false and fraudulent" income tax returns containing the shelter losses, and with hiding all of this from the government. The case is the largest criminal tax case ever filed by the government.
Read MoreThe federal government has sent nearly 600 auditors and investigators to the Gulf Coast region to monitor $8.3 billion in contracts awarded to help victims of last year's hurricanes, according to year-end figures released by the Department of Homeland Security.
Read MoreAttorneys argued in federal court on Thursday over whether homeowners whose property fell victim to an oil spill from Hurricane Katrina can band together and sue Murphy Oil Corp in a class-action lawsuit.
Read MoreThe Maryland legislature passed a law Thursday that would require Wal-Mart Stores to increase spending on employee health insurance, a measure that is expected to be a model for other states.
Read MoreA Pennsylvania judge granted class-action status yesterday to a lawsuit contending that Wal-Mart employees had been pressed to work through breaks and after hours.
Read MoreThe Army is expected to cancel a Lockheed Martin Corp. contract to build a new spy plane, according to industry and Pentagon officials, despite efforts by the defense contractor to solve problems that include lightening the plane's weight.
Read MoreIn one instance, investigators found that mathematical errors contributed to $3 million in overbilling by a private contractor providing food and lodging at base camps across Louisiana.
Read MoreMichael D. Eisner, former chief executive of the Walt Disney Company, received $10.1 million in compensation last year, including a $9.1 million cash bonus, according to the company's annual proxy statement filed Wednesday.
Read MoreWhen United States negotiators fly into Thailand to thrash out a bilateral free trade deal next week, they will be greeted with jeers rather than this country's famed smile of welcome.
Read MoreThe debate over the Fair Share Health Care Fund Act, commonly known as the Wal-Mart bill, has dominated politics in the run-up to the General Assembly, with the retailer arguing that Democrats have unfairly singled out one company and union leaders arguing that workers deserve better treatment.
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