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Law & Crime Breaking News: U.S. Judge Limits Ex-Goldman Sachs Exec's Defense in Fraud Case


A federal judge limited the extent to which former Goldman Sachs Group Inc vice president Fabrice Tourre can argue that he was acting on the advice of company lawyers in his defense against charges that he misled investors.

FBI Director Robert Mueller has revealed that more than a dozen FBI agents are assigned to the criminal investigation into the Internal Revenue Service's added scrutiny of conservative political groups seeking tax-exempt status. "It's a high-priority investigation and it needs to be handled with care, but it also needs to be pushed aggressively because it's a very important case," Mueller told the Senate Judiciary Committee at a hearing.

Fashion designers Domenico Dolce and Stefano Gabbana were given a suspended jail sentence of one year and 8 months Wednesday after being found guilty of hiding $1.3 billion in income from tax authorities.The men were convicted by a court in Milan but given a suspended sentence, which means they will avoid prison as long as they commit no other crimes for five years.