A former hedge fund portfolio manager was arrested Tuesday on charges that he helped deliver what a prosecutor said "what might be the most lucrative inside tip of all time," enabling investment advisers and their hedge funds to make more than $276 million in illegal profits.
Unlike most people their age, New York City's federal judges prefer to strike one topic from the record: retirement. Few plan to drop the gavel on their careers.
Hundreds of Long Island Rail Road employees may have cheated their way to big pensions through a $1 billion fraud by paying off doctors to say they were unable to work, authorities said Thursday as they revealed that some supposedly disabled retirees were spotted regularly playing tennis and golf, shoveling...