crime

Bernie Kerik Sent to Jail

cityfile · 10/20/09 10:17AM

Former NYC police commissioner Bernie Kerik is on his way to jail this afternoon. A judge revoked bail in his trial on conspiracy and fraud charges today after he concluded that Kerik could not be trusted to honor an order barring him from disclosing confidential information related to the trial. (The judge described him as a "toxic combination of self-minded focus and arrogance," which sounds about right.) Fortunately for Kerik, the trial is taking place in Federal District Court in White Plains, not in Manhattan, so he won't have spend the forseeable future confined to a cell in a building that was once named the Bernard B. Kerik Complex. That could have been a bit awkward. [NYT]

Insider Trading Scandal Rolls On

cityfile · 10/20/09 08:29AM

The biggest insider trading scandal to hit Wall Street in years may be about to get even bigger. Bloomberg reports that as many as 10 more people could be charged in connection with the case as early as next week.