Sentenced: Former Goldman Sachs director Rajat Gupta was sentenced to two years in prison for insider trading. Gupta tipped off a hedge fund about corporate secrets during the height of the financial crisis. The Wall Street Journal reports.
Mortgage Fraud: Bank of America faces a civil mortgage fraud lawsuit, filed yesterday in the Southern District of New York. The complaint accuses the bank and Countrywide Financial of selling thousands of residential mortgages they knew to be defective to Freddie Mac and Fannie Mae. The New York Law Journal reports.
Libya: A series of leaked emails have renewed skepticism about what the Obama administration knew about the motives for the attack on the U.S. Consulate in Benghazi. The New York Times reports.
Mourdock: Sen. John McCain said Wednesday that if the Republican U.S. Senate Candidate Richard Mourdock wants his support, he needs to apologize for his remarks concerning rape and pregnancy. The Hill reports.
Foiled: A thief who allegedly ripped off a pharmacy in New York City was nabbed after he accidentally dropped court documents with his name and address on them as he fled the scene. The New York Daily News reports.