The US Federal Bureau of Investigation (FBI) has released its digest of the weeks top news stories – two of which are financially related.  From the release:

4. San Diego: Indictment Charges Civilian Navy Employees and Contractors with Fraud and Bribery

A 25-count indictment was unsealed on 07/07/09, charging six individuals with corruption and fraud charges related to defense contracting at Space and Naval Warfare Systems Command (SPAWAR), a government organization based in San Diego that is responsible for the development of technology to collect, process, display and manage information essential to successful military operations. Full Story

…

7. New York: Six Charged in $140 Million Investment Fraud and Stock Manipulation Scheme

Ross H. Mandell, Stephen Shea, Adam Harrington, a/k/a “Adam Rukdeschel”, Arn Wilson, Robert Grabowski, and Michael Passaro have been charged in a two-count Indictment with conspiracy to commit securities, wire and mail fraud; and with securities fraud. The defendants surrendered to agents of the FBI. Full Story

To read the whole release and for more click here.

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