Results tagged “notguilty”

Today, a federal jury found two Bear Stearns hedge fund managers not guilty of fraud related to subprime mortgages. Portfolio manager Ralph Cioffi and the funds' COO Matthew Tannin were accused of misleading investors—and losing $1.6 billion—were acquitted after a jury took less than a day to deliberate on charges.

While you were busy doing Sudoku at your temp job, industrious 19-year-old computer whiz Adeniyi Adeyemi was using his three month temp job to launch a $1.1 million fraud scheme, according to a 149-count indictment. During his stint in the IT department at Bank of New York Mellon in November 2001, Adeyemi allegedly stole personal identifying information from dozens of employees, using the information from more than 30 bank and brokerage accounts in their names. Over the next eight years he used the stolen identities to set up more than 30 fraudulent bank and brokerage accounts, prosecutors say.

You may recall the sad, stupid saga of (former) maintenance man Robert Lopez, who was arrested in 2007 while sitting on the stoop of his apartment building with some fake sticks of dynamite he found in the trash. Lopez had brought the cartoonish-looking "bomb" home from work with the intention of making a piggy bank out of it, but when a concerned transit worker called the cops, his ridiculous legal nightmare began.

When news broke that alleged Pan Am hijacker Luis Armando Peña Soltren—the FBI's longest wanted fugitive—had turned himself over to authorities yesterday, it seemed probable that Soltren had worked out a plea deal in exchange for surrendering after more than four decades in exile. But today Soltren pleaded not guilty to participating in the 1968 hijacking of a Pan Am flight from New York and rerouting it to Havana, where he has lived ever since.

The six person jury in the trial of Christopher Carter – the stockbroker accused of assaulting an overly vocal spin classmate at Equinox gym – found him not guilty yesterday of a misdemeanor assault charge which could have landed him in jail for a year. Though the victim, hedge fund manager Stuart Sugarman, spent almost two weeks in the hospital undergoing surgery for a herniated disc, the jury remained unconvinced that his injuries resulted from the incident.

Al Sharpton released the locations and schedule of his civil disobedience capaign, which is supposed to take place next week. The purpose is to maximize public inconvenience, and Al Sharpton decided that it would be more effective to have as many people show up as possible, as well as to let the NYPD where they were going to be in advance. NY1 reports "The goal of the protests is to tie up traffic and force police to make arrests.