Fraud, New York | featured news

New York State Sen. Malcolm Smith and five other politicians pleaded not guilty Tuesday to corruption charges in connection with an alleged plot to buy a line on New York City's mayoral ballot. The allegations revived public concerns about a documented culture of exploitation in Albany that has prompted officials to seek legal recourse to induce change.

A former New York woman has been charged with faking terminal leukemia in order to rake in donations for a dream wedding and honeymoon.

Waiters allegedly skimmed customer data and passed it to associates who made counterfeit cards to buy luxury merchandise and sell it.

A wealthy Manhattan investment banker and former top Democratic fundraiser was sentenced Thursday to 12 years in prison for defrauding banks of $292 million, some of which he donated to politicians including Barack Obama, Hillary Rodham Clinton and Al Gore.

The Securities and Exchange Commission on Monday accused a New York firm that helped manage complex mortgage securities of defrauding investors as the housing market collapsed.

Federal authorities say they've arrested 32 people, including doctors, in Medicare fraud busts in Houston, New York, Louisiana and Boston.

Marc S. Dreier, a prominent New York lawyer, was sentenced on Monday in an elaborate scheme in which investors lost more than $400 million.