Last month, the city of Hartford gave a series of documents to a federal grand jury looking into the business dealings of troubled insurance broker Earl O’Garro. Now, the city has released those documents publicly.
The line of people who want their money from Earl O'Garro continues to grow.
O'Garro is the man at the center of a federal grand jury investigation looking into $670,000 in missing taxpayer money. The city of Hartford paid him to pay its insurance bills, and he apparently never did.
Former chemist Annie Dookhan began serving a 3-to-5 year sentence in a Massachusetts prison on Friday after pleading guilty to falsifying tests of drug evidence and helping to create one of the nation's largest drug lab scandals.
Massachusetts Attorney General Martha Coakley says the state is taking steps to improve forensic testing:
"It is certainly lessons learned," she says. "We hope that we've made changes in the system that will mean this unique case will not happen again in Massachusetts."
State and federal regulators have hailed Tuesday's $13 billion settlement with JPMorgan Chase & Co. over faulty mortgage assets it sold in the years leading up to the financial crisis as a big victory for the judicial system.
But like other big settlements to emerge from the financial crisis, the deal leaves unclear just what the bank did wrong.
Hartford city auditors have said that Treasurer Adam Cloud had an apparent conflict of interest when it came to his family's business relationship with a city insurance broker. But this isn't Cloud's first run-in with the ethics code.
We’re less than a year away from the 2014 midterm election, but we’re still wrapping up a major story from the last congressional election. One of the key figures in the Chris Donovan scandal involving illegal campaign contributions was sentenced on Monday.
Another chapter in the political scandal that derailed former House Speaker Chris Donovan’s congressional campaign has come to a close as one of the key figures in the case was sentenced earlier this week. Our weekly political news roundtable The Wheelhouse will discuss this and what the Obamacare delay means for Connecticut. And will Foxwoods get a casino in Massachusetts?
In a settlement deal, JPMorgan Chase has agreed to pay some $13 billion in fines and other payments related to mortgages and mortgage securities that helped cause the financial crisis that began in 2007.
Originally published on Tue November 19, 2013 5:38 pm
In an agreement settling many U.S. claims over its sale of troubled mortgages, JPMorgan Chase will pay a record $13 billion, in a deal announced by the Justice Department Tuesday. The plan includes a $4 billion payment for consumer relief, along with a payment to investors of more than $6 billion and a large fine.
The latest updates on this story are at the bottom of this post. We've also added a few key points to the main post.
Originally published on Mon November 18, 2013 8:45 pm
JPMorgan Chase & Co. will pay $4 billion to consumers who were hurt by faulty mortgage underwriting, part of a larger $13 billion deal to settle the bank's liability in the collapse of toxic securities during the housing crisis.
Hartford continues to buzz with questions about insurance broker Earl O'Garro, city treasurer Adam Cloud, and nearly $700,000 of missing taxpayer money. Now there are unanswered questions about a 2012 trip to New York City.