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The article discusses promotional contests from the investor Warren Buffett and the Internet services company Yahoo! Inc. which involve a 1 billion dollar award for anyone who can correctly predict the results of the 2014 March Madness college basketball season, reporting that the promotion company SCA Promotions Inc. has filed a lawsuit against Yahoo! for canceling its contest. The processes of insuring and calculating odds for the contests are mentioned.

The article discusses financial jargon that may make it difficult for some people to understand the causes of a U.S. economic crisis in the 2000s, focusing on a civil trial of the former trader Fabrice "Fabulous Fab" Tourre as well as synthetic collateralized debt obligations (CDOs). The judge Katherine Forrest and the radio program "This American Life" are mentioned.

The article discusses the decision of a U.S. federal appeals court to uphold the conviction of the former hedge-fund manager Raj Rajaratnam. Topics include the use of wiretapping for the conviction of white-collar crimes, laws for government investigations of securities fraud, and details of the sentence for Rajaratnam.

The article discusses the federal and state cases against computer programmer Sergey Aleynikov, who left the financial firm Goldman Sachs Group Inc. in 2009 to join the trading startup Teza Technologies, and who was accused of stealing and copying Goldman computer code for his new job. His successful 2011 appeal, New York state prosecutors' charges against him, and stock trading algorithms are discussed, as well as Aleynikov's education in Russia.

The article looks at the prosecution of computer programmer Sergey Aleynikov for allegedly stealing computer code from his former employer, investment bank Goldman Sachs Group Inc., as of May 2013. It notes that his conviction in U.S. federal court for the offense was overturned in 2012, and reports that a New York state judge has ruled the state may prosecute him despite the earlier federal case.

The article U.S. law as of April 2013 regarding the statute of limitations for U.S. Justice Department prosecutors to bring charges after an alleged crime, with information on the trial of the bank Wells Fargo & Co. for alleged financial fraud. Topics include the invocation of the 1948 law called the Wartime Suspension of Limitations Act, limited resources at the Justice Department, and time constraints on legal procedures to address corrupt practices in the banking industry.

The article looks at Switzerland-based bank Wegelin & Co., as of March 2013, focusing on its indictment and guilty plea on U.S. charges of aiding tax evasion by Americans. It reports the bank sold off some of its assets prior to the indictment and that the remaining institution appears to be defunct. It says the case exemplifies the effort of the U.S. government to crack down on tax evasion through the use of secret foreign accounts.

The article discusses an appeal to a panel of the Second U.S. Circuit Court of Appeals by attorneys for Raj Rajaratnam, founder of the Galleon Group hedge-fund firm who was convicted on insider-trading charges. Rajaratnam's lawyers argue that wiretaps prosecutors used to convict him were improperly obtained, and should not have been allowed in court.

The article discusses the case of computer programmer Sergey Aleynikov, whose conviction in a U.S. federal court on charges of having stolen computer code from financial firm Goldman Sachs Group Inc. was reversed on appeal in February, 2012. He has since been indicted on state charges for roughly the same crime by Manhattan District Attorney Cyrus Vance Jr. in New York City. Aleynikov's attorney, Kevin Marino, blames Goldman.

The article discusses a dispute between New York Attorney General Eric Schneiderman and Irving Picard, trustee for victims of Ponzi swindler Bernard Madoff. In June of 2012 Schneiderman won a $410 million settlement from money manager J. Ezra Merkin, who was implicated in the Madoff scandal. Picard contends that Schneiderman lacked authority to make that deal, and that he (Picard) should be able to use the $410 million to reimburse Madoff's victims.

The article reports that on July 25, 2012 research analyst John Kinnucan pleaded guilty to charges of securities fraud related to the dissemination of confidential information to business clients including hedge funds. While being investigated by federal authorities, Kinnucan frequently taunted and criticized them in color terms. He will be sentenced in January, 2013.

The article discusses the decision making process of U.S. juror David Klein concerning his vote to acquit former U.S. financial firm Goldman Sachs Group Inc. director Rajat Gupta on insider trading charges in June 2012. According to the article, Klein took a methodical approach to weighing the evidence of the case against Gupta. The article also discusses the jury deliberations in the case and presents comments from Klein.

The article reports that ING Bank, a U.S. subsidiary of the Netherlands banking industry firm ING Groep NV, has agreed to a penalty of $619 million for assisting clients in Iran and Cuba to access U.S. banking in violation of U.S. economic sanctions on those countries. It is noted ING is the fourth major international banking firm to agree to fines for such activities. INSET: Foreign Funnel.

The article describes testimony given by U.S. financial firm Goldman Sachs Group Inc. chief executive Lloyd Blankfein during the the June 2012 insider-trading trial of former Goldman director Rajat Gupta. According to the article, Blankfein asserted that proceedings of the Goldman board of directors were secret. The article states that Gupta stood accused of providing corporate information to hedge-fund manager Raj Rajaratnam.

The article discusses testimony on May 22, 2012 in the insider-trading trial of former Goldman Sachs Group Inc. director Rajat Gupta. An assistant to former hedge-fund manager Raj Rajaratnam, Caryn Eisenberg, testified that Rajaratnam quickly bought shares in Goldman in September, 2008 after receiving inside information about the firm in a phone call that prosecutors allege came from Gupta.

The article discusses U.S. Attorney's office attorney Reed Brodsky's role in the prosecution of former U.S. financial firm Goldman Sachs Group Inc. director Rajat Gupta. According to the article, Gupta stood accused of insider trading as of May 21, 2012. The article profiles Brodsky's career as an attorney, particularly his role in the conviction of insider trader Raj Rajaratnam, and the nickname of "Napoleon" that jurors applied to Brodsky during the case.

The article examines a pretrial motion by lawyers defending Rajat Gupta, a former director of the investment bank Goldman Sachs Group Inc., to prevent U.S. prosecutors from introducing wiretaps of Gupta's telephone conversations as evidence of illegal insider trading in securities. The role of wiretaps as evidence in complex criminal prosecutions is discussed.

The article reports that National Football League (NFL) commissioner Roger Goodell has severely penalized the New Orleans Saints team for maintaining a system where defensive players were paid cash bonuses for injuring opposing players. The penalties include a suspension of head coach Sean Payton for the 2012 season, an indefinite suspension of former assistant coach Gregg Williams, and the loss of draft choices.

The article examines the settlement of a civil action by Fred Wilpon and Saul Katz, owners of the New York Mets baseball team and Irving Picard, bankruptcy trustee representing creditors of convicted swindler Bernard Madoff. Picard had sued the two men seeking recovery of $300 million allegedly resulting from participation in Madoff's Ponzi scheme. The settlement is reported to be for $162 million. The impact of the litigation and settlement on the Mets' finances is discussed.

The article examines a U.S. civil action filed by Irving Picard, the trustee for creditors of convicted swindler Bernard Madoff against Fred Wilpon and Saul Katz, owners of the New York Mets baseball team. Picard is seeking the $300 million the two men invested with Madoff and subsequently withdrew, alleging it represents profits from the Ponzi scheme operated by Madoff. It is noted former baseball pitcher Sandy Koufax is a scheduled defense witness in the case.

The article reports that the U.S. has expanded a criminal investigation into doping by athletes in professional cycling. The investigation, which is being conducted by the Food & Drug Administration (FDA) is in discussions with several cyclists to receive their cooperation following the 2010 Tour de France bicycle race. The investigation is reportedly aimed at cycling team managers rather than cyclists who may have taken performance-enhancing drugs.

The article discusses a lawsuit filed by social network Facebook Inc. and its Chief Executive Mark Zuckerberg against attorneys for enabling a lawsuit over an allegedly fraudulent case of ownership for Facebook Inc. shares between Paul Ceglia and Zuckerberg.

The article discusses the decision of U.S. Judge Robert L. Wilkins to allow a civil lawsuit filed by the Justice Department against bicyclist Lance Armstrong for allegedly defrauding the government by accepting sponsorship money from the U.S. Postal Service while taking steroid drugs to proceed.

The article reports that the U.S. Supreme Court announced it would not review the settlement of a consumer protection class action against social media company Facebook Inc.

The article reports that on September 26, 2013 accountant Paul Konigsberg was arrested by the U.S. Federal Bureau of Investigation and charged with having kept fraudulent accounting records for confessed Ponzi swindler Bernard Madoff.

The article discusses recommendations from a task force co-chaired by New York state county district attorneys Frank Sedita and Daniel Alonso that call for tougher punishments for those convicted of stealing computer code, with information presented about the case of Sergey Aleynikov, who faces charges of having pilfered code from investment bank Goldman Sachs Group Inc.

News briefs on finance are presented including a U.S. investigation of accountant Paul Konigsberg for possible participation in the fraud of swindler Bernard Madoff, a decline in profits in the third quarter of 2013 by the investment bank Jefferies Group and actions taken against 23 companies and pension trusts by the U.S. Securities & Exchange Commission (SEC) for improper short selling.

The article announces that professional cyclist Lance Armstrong has settled his 2012 legal dispute with the British newspaper the Sunday Times regarding a 2004 article on Armstrong's alleged use of banned substances.

The article reports that New York state Attorney General Eric Schneiderman has filed a civil complaint against the Internet banking firm Western Sky Financial LLC charging its interest rates on loans are higher than state law affords, noting the legal issues related to the company's ties to tribes of Indians of North America.

The article presents corporate news briefs as of August 2013 on topics such as a lawsuit filed by the Harbinger Capital Partners LLC firm against several Global Positioning System (GPS) manufacturers, automobile tire maker Bridgestone Corp.'s net profits, and GPS maker Garmin International Inc.

The article reports on a June 2013 decision by a U.S. Court of Appeals in New York to prohibit financier Bernard Madoff's trustee Irving Picard from suing financial institutions such as J.P. Morgan Chase, UBS AG, and HSBC Holdings PLC in order to recoup losses of victims of Madoff's Ponzi scheme.

The article presents financial news briefs for June 6, 2013 on topics involving an insider-trading trial of the former trader Mathew Martoma and the potential regulation of Libor interest rates in Europe.

The article offers finance news briefs as of June 5, 2013, on topics including civil fraud charges against former securities trader Fabrice Tourre of investment bank Goldman Sachs Group Inc., a patent lawsuit against financial services company J.P. Morgan Chase & Co. brought by patent-holding company Intellectual Ventures Management LLC, and planned U.S. government regulation of insurance company American International Group Inc.

The article reports that attorneys for Rengan Rajaratnam, the brother of convicted inside-trader Raj Rajaratnam, are in plea negotiations with U.S. prosecutors over insider-trading charges that have been filed against Rengan.

The article discusses Libor interest rate manipulation lawsuits involving banks such as Barclays PLC and the Royal Bank of Scotland Group, focusing on the attempts of lawyers to have the lawsuits dismissed and the response of the U.S. District Judge Naomi Reice Buchwald.

The article reports that the U.S. District Judge Paul G. Gardephe ruled in favor of allowing the former hedge fund manager Mathew Martoma and his legal team an extension of three months to prepare for a trial involving allegations of insider trading.

The article reports that the Swiss bank Wegelin & Co. has pled guilty in the U.S. to criminal conspiracy charges as of March 2013, which has resulted in a criminal fine.

The article reports on the U.S. Justice Department's decision to join the whistleblower lawsuit on February 22, 2013 against the former cyclist Lance Armstrong over his putative defrauding of the U.S. Postal Service.

The article discusses a lawsuit against former professional cyclist Lance Armstrong by prize-insurance company SCA Promotions Inc., the company which awarded prize money to Armstrong for his wins of the Tour de France race which were revoked when he admitted to using performance-enhancing drugs.

The article discusses the December 20, 2-12 sentencing to ten years in prison by U.S. District Judge Laura Taylor Swain of Peter Madoff, the brother of confessed Ponzi swindler Bernard L. Madoff who served as the compliance officer at Bernard L. Madoff Investment Securities.

The article discusses a court memorandum filed by John R. Wing, the attorney for Peter Madoff who is awaiting sentencing for his role in a Ponzi scheme operated by his brother Bernard L. Madoff, which included letters from friends and supporters.

The article presents sports news briefs as of December 11, 2012, reporting that the U.S. Justice Department is considering joining a lawsuit filed against cyclist Lance Armstrong by former teammate Floyd Landis over doping allegations and a study on the size difference of football linemen since 1950.

The article reports on the October 26, 2012 arrest of Paul Ceglia on U.S. federal fraud charges for his lawsuit claiming a 50 percent share of the online social networking company Facebook, noting allegations that Ceglia faked evidence of a contract with Facebook founder Mark Zuckerberg.

The article reports that Rajiv Goel, a former employee of semiconductor maker Intel Corp. who aided the government in its insider-trading case against hedge-fund mogul Raj Rajaratnam, was fined, sentenced to probation, and ordered to forfeit over $266,000 for his own insider-trading activities.

The article reports that analyst John Kinnucan of research firm Broadband Research LLC is expected to plead guilty to U.S. federal charges of securities fraud and wire fraud on July 25, 2012.

The article presents news briefs related U.S. sports and health care industries as of July 10, 2012, including a dismissal of the lawsuit by athlete Lance Armstrong against the U.S. Anti-Doping Agency and a statement by Governor Rick Perry of Texas that the state will not expand Medicaid.

The article presents finance-related news briefs on several topics including juror deliberations in the insider-trading trial of former Goldman Sachs Group Inc. director Rajat Gupta, a proposed initial public offering (IPO) for the British soccer team Manchester United, and a vigorous IPO climate in Malaysia.

The article discusses character witness testimony for former U.S. financial firm Goldman Sachs Group Inc. director Rajat Gupta during Gupta's insider trading trial in New York City on June 11, 2012.

The article states that former U.S. financial firm Goldman Sachs Group Inc. director Rajat Gupta would not testify in his defense during his insider-trading trial as of June 11, 2012.

The article discusses U.S. federal judge Jed Rakoff's decision to remove Benjamin M. Cardozo law student Benula Bensam from proceedings in the insider trading trial of former U.S. financial firm Goldman Sachs Group inc. director Rajat Gupta in June 2012.