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...told, six defendants, nine companies whose securities were allegedly illegally traded and many more than that number of actual trades. And while one alleged instance of illegality conveniently included Chiesi comparing her situation to the most famous insider-trading case in recent memory (though Martha Stewart ultimately went to prison for obstruction of justice and making false statements, not insider trading), many of the other instances could be more open to interpretation. This is a big case, and it will take a long time to untangle it in court...

Author: /time Magazine | Title: Arrests Open a Window on Hedge-Fund Culture | 10/21/2009 | See Source »

...provide sensitive material. He allegedly coughed up a treasure trove of top secret information about U.S. early-warning systems, satellites, communications intelligence and military and defense strategy. If the high-flying scientist was seeking adventure, it ends here: if convicted, he could spend the rest of his life in prison. (See pictures of Earth from space...

Author: /time Magazine | Title: Accused Spy Stewart Nozette | 10/21/2009 | See Source »

...prison at Guantánamo Bay, Cuba, is an ever more embarrassing problem for President Barack Obama. Once a powerful campaign line, the idea of closing the prison is now such a source of heated political debate on Capitol Hill and such a complex legal challenge that the Administration is unlikely to meet its self-imposed deadline of shutting the place down by late January 2010. (See pictures of a jihadist's journey...

Author: /time Magazine | Title: Military Tribunals Make Closing Gitmo a Tough Goal | 10/21/2009 | See Source »

...discredited parts of George W. Bush's war on terrorism, thanks to skepticism in the U.S. courts about their fairness and Obama's campaign promises to do away with them. But on May 15, Obama revived the idea of commissions for an uncertain number of detainees at the controversial prison, pledging to help Congress refashion tribunals into a "fair, legitimate and effective" forum to try alleged terrorists...

Author: /time Magazine | Title: Military Tribunals Make Closing Gitmo a Tough Goal | 10/21/2009 | See Source »

...Wednesday, six of the alleged ringleaders were sentenced to death for murder, assault, extortion and other organized-crime-related charges. The death sentences were part of two cases involving a total of 31 defendants, some of whom have already received sentences ranging from one year to life in prison. Senior party member Liu Guanglei told reporters that 16 top police and judiciary officials were involved in the investigation, including Chongqing's top judicial official, Wen Qiang. He has been accused of protecting businesses in real estate, prostitution, gambling, transportation and illegal loans. Another three cases are still under way. (Read...

Author: /time Magazine | Title: China's Underworld on Trial in Chongqing | 10/21/2009 | See Source »

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