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Illinois state Rep. Derrick Smith, center, listens to his attorney Victor Henderson, right, at the federal building Tuesday, June 10, 2014, in Chicago after a jury convicted him of bribery for taking $7,000 from a purported day care operator seeking a state grant. (AP Photo/M. Spencer Green)

Illinois Rep. Derrick Smith convicted of bribery

Michael Tarm -
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This combo made from file photos shows, from left, financier Carl Icahn, pro golfer Phil Mickelson, and developer and high-profile sports better Billy Walters. A federal official briefed on the investigation told The Associated Press that the FBI and Securities and Exchange Commission are looking at stock trades that Mickelson and Walters made involving Clorox when Icahn was attempting to take over the company. There have been no charges filed against the three men and the investigation could lead to nothing. (AP Photo/Henny Ray Abrams/Wilfredo Lee/Las Vegas Review-Journal, Jessica Ebelhar)
Business

Illegal profits: A look at insider trading

Ken Sweet -
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State Sen. Jerry Hill, D-San Mateo, gives a thumbs up to Sen. Bill Berryhill, R-Twain Harte, unseen, after he voted for Hill's campaign reform measure at the Capitol in Sacramento,Calif., Monday, June 9, 2014. By a 35-1 vote the Senate approved Hill's SB831, that creates new disclosure laws for travel-related gifts and bans elected official from requesting payments be made on their behalf to nonprofit organizations. (AP Photo/Rich Pedroncelli)

Senate approves tighter gift bans, ethics rules

Judy Lin -
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In this May 28, 2014 photo, Illinois state Rep. Derrick Smith enters federal court for the beginning of jury selection in his corruption trial in Chicago. During closing arguments Monday, June 9, 2014, prosecutors said that Smith placed his own welfare above his constituents by taking a $7,000 bribe from a day care operator seeking a state grant. An attorney for Smith, however, told jurors a campaign worker-turned-informant hoodwinked the Chicago Democrat to justify cooperation payments from his FBI handlers. (AP Photo/M. Spencer Green)

Closing arguments made at Illinois lawmaker trial

Michael Tarm -
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Nguyen Duc Kien, center, former vice chairman of the founding council of the Asia Commercial Bank (ACB), appears at the Hanoi People's Court in Hanoi, Vietnam, Monday, June 9, 2014. The court sentenced Kien, one of the country's richest men, to 30 years in prison on Monday after finding him guilty of financial crimes involving millions of dollars. Kien, a flamboyant businessman who also headed the Hanoi ACB football club, was arrested in 2012. The move was seen as part of the fallout of a power struggle among factions in the ruling Communist Party and allied business tycoons. (AP Photo/VNA Photo, Doan Tan) VIETNAM OUT
Business

Vietnam tycoon sentenced to 30 years for fraud

Washington Examiner -
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Miami-Dade county employees make party videos on taxpayer dime

Miami-Dade county employees make party videos on taxpayer dime

Kelly Cohen -
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The Postal Service pays its contractors for fuel based on the miles they must drive -- but the contractors' trucks are more fuel-efficient than what the Postal Service goes by. (Thinkstock)
Energy and Environment

USPS overpaid for gas by nearly $100 million: report

Kelly Cohen -
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Cancer clinic accused of dragging out chemo treatments for more government money
Healthcare

Cancer clinic accused of dragging out chemo treatments for more government money

Kelly Cohen -
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The Centers for Medicare and Medicaid Services mistakenly paid the money between 2009 and 2011, according to the Department of Health and Human Services' inspector general.

The reason dead people were paid $23 million by a federal program

Monica Perez -
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The Centers for Medicare and Medicaid Services spent $6.7 billion in 2010 for evaluation and management services claims that were wrongly coded or lacked required documentation, according to the inspector general of the Department of Health and Human Services. (Thinkstock)
Healthcare

The simple reason why doctors were overpaid billions for Medicare and Medicaid

Monica Perez -
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