Fraud

Herbalife shares rise above price when Ackman made allegations

2013-05-07 00:00:00

Herbalife Ltd. shares gained 4% and traded part of Monday above the price they were when hedge fund manager Bill Ackman first accused the Los Angeles nutritional products company of operating a long-running pyramid scheme. The company's stock price...

Herbalife says KPMG's resignation hindered stock buybacks

2013-05-01 00:00:00

Herbalife Ltd. said it had to scale back plans to repurchase its shares after KPMG resigned in early April as its auditor and withdrew its review of the company's annual financial statements for the last three years. The Los Angeles nutritional products...

Herbalife posts record results

2013-04-29 19:20:00

Herbalife Ltd. has now notched 17 consecutive quarters in which its profits sailed past Wall Street projections. The Los Angeles nutritional products company told investors Monday that earnings during the first three months of the year climbed nearly...

Herbalife raises estimate of legal costs amid pyramid allegations

2013-05-03 17:29:00

Herbalife Ltd. said its feud with billionaire hedge fund manager Bill Ackman has been more costly than it anticipated, prompting speculation that the company is bracing for potential government investigations. The Los Angeles nutritional products...

Herbalife effort to replace KPMG 'nearing completion,' CFO says

2013-04-30 10:24:00

Herbalife Ltd. is making progress in its search for a new accounting firm, executives said during a conference call with analysts Tuesday. The Los Angeles nutritional products company was forced to hire a new accounting firm after KPMG resigned...

Herbalife posts better-than-expected earnings, again

2013-04-29 13:44:00

Los Angeles nutritional products company Herbalife Ltd. reported $1.1 billion in first-quarter sales and profit that soundly beat analysts' expectations and its own guidance. The company reported earnings of $118.8 million, or $1.10 a share, up from...

Herbalife investors meet -- briefly

2013-04-26 00:00:00

Herbalife would seem to have a lot to talk about with its investors, but you'd never know it from Thursday's annual shareholder meeting in Beverly Hills. It lasted less than 15 minutes. Executives didn't address claims raised by hedge fund manager...

Herbalife to reassure investors

2013-04-25 05:00:00

Herbalife Ltd., battling a billionaire investor's bet that its stock will tank, is expected to reassure shareholders at the company's annual meeting Thursday that the Los Angeles nutritional products maker is a strong, healthy, legitimate operation. The...

Phony funeral lands ex-mortician in prison

2013-04-23 20:44:00

When the casket that was supposed to hold the earthly remains of “Jim Davis” was finally lowered into the ground, the only thing missing was the late Mr. Davis. The coffin had been weighed down to simulate the approximate heft of a corpse....

Mortician's lies exposed as she gets 18 months in burial scams

2013-04-24 11:21:00

Jean Crump made up fabulous fictional deaths. She wasn’t a best-selling author or a fabled storyteller, but a mastermind of an elaborate life insurance scam, federal prosecutors say. For the fictional "Jim Davis," Crump created a bogus death...

Mortician sentenced in burial plots

2013-04-23 23:40:00

When the casket that was supposed to hold the earthly remains of Jim Davis was finally lowered into the ground, the only thing missing was the late Mr. Davis. The coffin had been weighed down to simulate the approximate heft of a corpse. And Jim Davis...

Laguna Niguel man pleads guilty in 'cookie stuffing' scam against EBay

2013-04-19 11:49:00

A Laguna Niguel man admitted defrauding online auction giant EBay Inc. out of potentially millions of dollars in a scheme of “cookie stuffing,” which is a lot less savory than it sounds. Brian Andrew Dunning, 47, pleaded guilty to wire fraud...

" In 2006 and 2007, the construction company wins projects for constructing two gazebos and a project renovation of a gym floor. The city had received two bids for the gym floor renovation: one for $847 and another for $28,475 proposed by the undercover agents.

2012-11-29 15:14:00

Gallagher is charged with wire fraud by depriving citizens of her honest services, extortion under color of official right and bribery in connection with a program receiving more than $10,000 in federal money; Gallagher is accused of receiving $12,500.

2012-10-18 08:35:00

Gallagher is charged with wire fraud by depriving citizens of her honest services, extortion under color of official right and bribery in connection with a program receiving more than $10,000 in federal money; Gallagher is accused of receiving $12,500.

2012-10-18 08:35:00