October 15, 2010 | Daily Report Online
Insider trading is illegal-unless you're in CongressYour senator learns that a much-maligned weapons system now has enough votes for funding. Before the news gets to a reporter, he buys shares in the arms manufacturer for a quick, handsome profit. What's wrong with this picture Nothing, according to the law. Nor would it be illegal for him to tip someone else, say, his largest campaign contributor.
By Ann Woolner
5 minute read
March 15, 2011 | Daily Report Online
Hedge-fund billionaire bores jury to plant doubtsBilled as a knock-down, drag-out courtroom battle, the Raj Rajaratnam insider trading trial opened in Manhattan last week with so many onlookers jockeying for seats that it took two overflow rooms with closed-circuit TV to accommodate them. The high-stakes prosecution of a hedge-fund billionaire began with all the anticipated drama.
By Ann Woolner
5 minute read
September 17, 2004 | Daily Report Online
Sentencing is still the Luck of the Draw even for the rich and famousAnn Woolner Two federal juries in New York City, sitting in unrelated cases, convict two white-collar defendants of obstructing justice. One defendant, Martha Stewart, lied in two meetings with the Federal Bureau of Investigation, the Securities and Exchange Commission and the U.S. attorney's office investigating her activities, the jury found.
By Ann Woolner
5 minute read
July 29, 2010 | Daily Report Online
For now, WikiLeaks is in the clearWith his prematurely white hair and his Australia-tinged English, 39-year-old Julian Assange has become the face and voice of what is surely the most massive leak of U.S. classified documents in history.His online organization, WikiLeaks, devotes itself to government and corporate whistle-blowers and the documents they offer.
By Ann Woolner
5 minute read
January 27, 2011 | Daily Report Online
Hedge-fund founder won't back downBy Ann Woolner
5 minute read
July 19, 2005 | Daily Report Online
How Ebbers Lucked Out With a 25-Year SentenceBy Ann Woolner
5 minute read
June 22, 2010 | Daily Report Online
Fund creation hardly a BP shakedownThe numbers already astound. As much as 60,000 barrels of oil gush from the Gulf of Mexico's floor each day. Some 1,300 miles of shoreline are threatened, more if currents carry runaway oil around Florida's tip and up the Atlantic coast. The livelihoods of shrimpers, fishermen, restaurateurs, hoteliers and small businesses are on hold for who knows how long.
By Ann Woolner
4 minute read
August 02, 2005 | Daily Report Online
Why Roberts' Nomination Has the President SmilingPresident Bush must be slapping his thigh and laughing out loud as he watches Senate Democrats sputter over his nominee to the U.S. Supreme Court. In John Roberts Jr., Bush has a candidate who looks a lot like someone who would move the court rightward on a host of issues, and there's not a darn thing Democrats can do about it.
By Ann Woolner
5 minute read
March 19, 2010 | Daily Report Online
Jail time for executives might stop their crimesIf a surgeon cuts open your chest and implants a device meant to shock your heart into beating regularly, you are counting on the thing not short-circuiting. You assume every aspect of its manufacture, each change in the process, has been reviewed and approved by proper authorities. If malfunctions turn up, surely the company will so report.
By Ann Woolner
5 minute read
December 15, 2009 | Daily Report Online
For feds, Indians' woes are too small to matterBy Ann Woolner
5 minute read
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