Scandal | featured news

Accused Wall Street swindler Bernard Madoff has agreed to a permanent freeze on his assets without admitting or denying fraud charges in a civil case against him, a U.S. regulator said on Monday.

Satyam Computer Services Ltd., the Indian tech giant at the center of a $1 billion executive fraud and a World Bank ethics scandal, is involved in yet another kind of debacle - this time at the World Health Organization.

It wasn't long after the Illinois state Senate voted unanimously to remove Democratic Gov. Rod Blagojevich from office that Lt. Gov. Patrick Quinn put his hand on a Bible and took the oath of office to replace him.

The scandal-hit governor of the US state of Illinois tells his impeachment trial he has done nothing wrong.

Secret recordings of Illinois Gov. Rod Blagojevich (D) -- in which the governor discussed dealing with gambling legislation and an alleged interest in a corresponding campaign donation -- were played in public for the first time during his impeachment trial today.

Gov. Blagojevich's media blitz might make him feel better about his case, but all those recent high-profile interviews are likely to come back to bite him in a big way, experienced defense lawyers say.

Impeachment proceedings against Illinois Gov. Rod Blagojevich begin today in the state Senate, but the embattled governor is skipping the trial and instead appearing on TV. On ABC's "Good Morning America," Blagojevich said he considered Oprah Winfrey for President Obama's Senate replacement.

About 400 supporters gathered Friday night outside City Hall to urge Portland's mayor to stay on the job despite an intensifying political storm over his sexual relationship with a legislative intern nearly four years ago.

New York's attorney general issued subpoenas to former GMAC Financial Services Chairman J. Ezra Merkin, three of his funds and 15 nonprofits in his probe of alleged frauds on charities in the Bernard Madoff scandal.

The new Illinois House has voted 117-1 to impeach Gov. Rod Blagojevich with his sister-in-law as the lone "no" vote. Rep. Deborah Mell voted Wednesday not to impeach the two-term governor. Her sister is married to Blagojevich. Wednesday's House action reaffirms the previous impeachment vote. Illinois House Speaker spokesman Steve Brown says the second impeachment vote was needed because of the upcoming Senate trial on whether to remove Blagojevich from office.