Author: Tom Hays
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Stadiums, hotels on alert amid terror probe
NEW YORK — The government expanded a terrorism warning from transit systems to U.S. stadiums, hotels and entertainment complexes as investigators searched for more suspects Tuesday in a possible al-Qaida plot to set off hydrogen-peroxide bombs hidden in backpacks. Police bolstered their presence at high-profile locations. Extra officers with bulletproof vests, rifles and dogs were…
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NYPD might have inadvertently tipped off Denver terror suspect
NEW YORK — If Najibullah Zazi had any doubts he was a prime suspect in a terror investigation, authorities say, they were quickly erased by a local imam. “They came to ask me about your characters,” the Queens imam, Ahmad Wais Afzali, told Zazi in a Sept. 11 phone conversation, according to a secret recording.…
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AP Source: 10 others to be charged in Madoff probe
NEW YORK – Authorities are pursuing charges against 10 more people in the Bernard Madoff financial scandal after the mastermind of one of the biggest financial frauds in history was sentenced to spend the rest of his days behind bars, The Associated Press has learned. A person familiar with the investigation, speaking on condition of…
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Video: Man charged with impersonating dead mother
NEW YORK – Irene Prusik has been dead for six years. But in April, someone showed up at the Department of Motor Vehicles in Brooklyn to renew her driver’s license. The explanation given by prosecutors rivals the Hitchcock classic “Psycho”: It was her son, in drag. Thomas Parkin, 49, was charged Wednesday in the bizarre…
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A ‘sorry and ashamed’ Bernard Madoff pleads guilty
NEW YORK – Saying he was “deeply sorry and ashamed,” Bernard Madoff pleaded guilty Thursday to pulling off perhaps the biggest swindle in Wall Street history and was immediately led off to jail in handcuffs to the delight of his seething victims.U.S. District Judge Denny Chin denied bail for Madoff, 70, and ordered him to…
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Company owners arrested on suspicion of fraud
NEW YORK • The owners of a company that managed hundreds of millions of dollars for universities and charities were arrested Wednesday on charges of looting their investment funds for over a decade to buy horses, collectibles and other personal items. Paul Greenwood, 61, of North Salem, N.Y., and Stephen Walsh, 64, of Sands Point,…
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First criminal cases to emerge from the subprime market mess
NEW YORK – Two former Bear Stearns hedge fund managers were arrested Thursday and charged with lying to investors about the collapse of the subprime mortgage market, perhaps signaling the start of a wave of prosecutions arising from the housing meltdown.Ralph Cioffi and Matthew Tannin were accused of encouraging investors to stay in their hedge…