Citigroup Inc. says it's been told by the Securities and Exchange Commission that the agency has completed its investigation of the bank's conduct regarding mortgage bonds and won't bring further enforcement action.
By Barbara Goldberg NEW YORK (Reuters) - A former New York City police sergeant who admitted duping investors in a $4.7 million real estate scheme was sentenced on Friday to nearly five years in prison, a federal prosecutor said. When James Monahan met with people who were considering investing in the Panam Management Group, he repeatedly touted his prior service with the NYPD as proof of his trustworthiness, Preet Bharara, U.S. Attorney for the Southern District of New York, said in a news release. Monahan and his co-conspirator, attorney Edward Adams, told investors their money would be placed in an escrow account to which neither Monahan and Adams had access, the federal prosecutor said.
CONWAY, N.H. (AP) — In her first public comments, the New Hampshire teenager who returned home nine months after she vanished on the way home from school told her local newspaper that she's "feeling a lot better every day."