Thursday FBI arrested four employees of Morgan Stanley and Janney Montgomery Scott LLC on charges of conspiracy and money laundering.
This arrest is a result of a three-year probe of stock-loan desk workers who allegedly took millions of dollars in kickbacks.
Former employees of both firms were among a group of six people who funneled millions of dollars in fraudulent finder fees to their co-conspirators for cash bribes.
The defendants may get 25 years of imprisonment if convicted.
The head of Russian Technologies, Sergei Chemezov, clarified the fate of anti-aircraft guided missiles that Russia was supposed to deliver to China
The Basmanny Court of Moscow arrested Michael Calvey, the founder of Baring Vostok investment fund, on allegations of embezzling 2.5 billion rubles from Vostochny Bank. Calvey will be held in custody until April 13