Securities and Exchange Commission
For the second time this year, Gov. Pat Quinn has suspended state funding to the scandal-scarred United Neighborhood Organization, the biggest charter-school operator in Illinois.
Illinois broke federal securities laws in misstating the true health of its depleted pension funds when going out onto the bond market between 2005 and early 2009, the Securities and Exchange Commission announced Monday.
The SEC has accused former Chicago Bears wide receiver Willie Gault and five other people of artificially inflating the stock price of a company that makes a heart monitoring device.