WASHINGTON – Kexue Huang, a Chinese national and a former resident of Carmel, Ind., was sentenced today to 87 months in prison and three years of supervised release on charges of economic espionage to benefit components of the Chinese government and theft of trade secrets.
The Department of Justice today filed its largest residential fair lending settlement in history to resolve allegations that Countrywide Financial Corporation and its subsidiaries engaged in a widespread pattern or practice of discrimination against qualified African-American and Hispanic borrowers in their mortgage lending from 2004 through 2008.
WASHINGTON – Kaman Precision Products Inc., an Orlando, Fla., defense contractor, will pay the United States $4.75 million to resolve allegations that the company submitted false claims for non-conforming fuses sold to the U.S. Army for use in “bunkerbuster†bombs, the Justice Department announced today. In addition, the settlement requires Kaman to adhere to a […]
WASHINGTON– A nuclear-armed Iran is “unacceptable†to the United States and no option to prevent that from happening is off the table, Defense Secretary Leon E. Panetta told CBS News.