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Govt: $4.2B recovered in probing health care fraud

The government says it recovered almost $8 for each dollar it spent investigating health care fraud over the past three years, including a record $4.2 billion last year.


Spain's ruling party to probe alleged corruption

Spain's governing Popular Party announced Saturday that it will investigate the financial activities of a former treasurer whom a court said had amassed an unexplained €22 million ($29 million) in Swiss bank accounts.


Hillary Clinton faints, has concussion

Hillary Clinton

U.S. Secretary of State Hillary Clinton sustained a concussion after becoming dehydrated and fainting, and will no longer testify Thursday before the House Foreign Affairs Committee on the deadly attack on the U.S. consulate in Benghazi, Libya.


AP source: HSBC to pay $1.9B to settle probe

HSBC, the British banking giant, will pay $1.9 billion to settle a money-laundering probe by federal and state authorities in the United States, a law enforcement official said Monday.


U.S. intelligence committees open Benghazi attack probe

U.S. intelligence and State Department officials testified behind closed doors on Capitol Hill on Thursday about the attack on the U.S. diplomatic mission in Benghazi, Libya, that has turned into a contentious issue between Republicans and the administration of President Barack Obama.


State probing GOP-hired voter registration firm

GOP Voter Registration Probe

The Florida Department of Law Enforcement is conducting an investigating of alleged fraud involving a company hired to register voters by the state's Republican Party.


Source: NY probing equity firms, including Bain

Bain Capital

The official spoke on the condition of anonymity because of the sensitivity of the probe. It is examining whether the firms used a tax strategy to avoid paying hundreds of millions of dollars in taxes. The practice involved converting some fees collected for managing accounts into fund investments, resulting in a lower tax rate.


Chu, Republicans square off on Solyndra loan

Chu, Republicans square off on Solyndra loan

Republicans probing how a now-bankrupt solar panel company received a $535 million federal loan guarantee excoriated Energy Secretary Steven Chu on Thursday for his decisions on Solyndra at a hearing packed with media and spectators.


California reportedly subpoenas BofA over toxic securities

California is trying to determine whether BofA and its Countrywide Financial subsidiary sold investments backed by risky mortgages to investors in California under false pretenses, a source says. Investigators with the state attorney general's office have subpoenaed Bank of America Corp. in connection with the sale and marketing of troubled mortgage-backed securities to California investors, according to a person familiar with the probe.

Senh: Citigroup already got nailed. It's time for Bank of America and other banks. This is just wrong - peddling investment products to their clients while betting against them.


EU regulators raid banks in interest-rate probe: report

EU regulators raid banks in interest-rate probe: report

The European Commission seized documents from several major banks on Tuesday, marking the intensification of a world-wide law-enforcement probe into how key interest rates are set, the Wall Street Journal said, citing people familiar with the situation.


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