Fraud, Prison | featured news

US businessman Tom Petters is sentenced by a federal judge to 50 years in prison for his role in a $3.7bn fraud.

The parliament speaker says a commission found no evidence of sexual assault.

A day after vowing to investigate allegations that election protesters were sexually abused in Iran's prisons, the parliament speaker dismissed the charges as false.

Arch swindler Bernard Madoff will not appeal the 150-year prison sentence he received for masterminding a global multibillion-dollar investment fraud, his main lawyer said on Thursday.

A federal appeals court ruled that Madoff, who faces up to 150 years in prison, must remain in jail until his sentencing.

The lawyers of disgraced US financier Bernard Madoff contest a judge's decision to revoke his bail and send him to jail.