Preet Bharara

Fabio Lobo, the son of a former Honduras president pleaded guilty in a Manhattan federal court for conspiring to import cocaine into the United States, officials said on May 16.

U.S. Attorney for the Southern District of New York, Preet Bharara, asked to speak to journalists who participated in the Panama Papers project. Bharara is already investigating some of the Americans mentioned in the Panama Papers, one of them is president of New York Global Group, Benjamin Wey.

As there is no precise legal definition of insider trading, it is largely up to the courts to decide where to draw the line on what is legal.

“When so many of their leaders can be bought for a few thousand dollars, they should think about getting angry,” said Bharara.

U.S. Attorney Preet Bharara blamed the top echelon of Albany politicians for perpetuating a culture of corruption in New York politics and for the assembly speaker Sheldon Silver’s arrest Thursday.

Assembly Speaker Sheldon Silver’s arrest for corruption throws a wrench into the Albany legislature. Democratic leaders may be vying for his position, but as a political powerhouse, Silver’s shoes will be hard to fill, say experts.

The Moreland Commission that Sheldon Silver negotiated to close down was looking into Silver’s outside income for potential corruption.

Diplomatic immunity has long been a staple of good-faith diplomatic relations between governments in the modern state system. But although the privilege was designed to reduce the incidence of conflict between states, its abuse has often had the opposite effect.

Comptroller John Liu’s former aides were found guilty by a grand jury today at Manhattan’s Southern District federal courthouse.

Governor Andrew Cuomo on Monday said two cases involving multiple state officials presents an opportunity to reform a system everyone knows is corrupt.