Crime

Former CEO of KB Home, Bruce Karatz, was sentenced to eight months of home detention Wednesday for an illegal stock option backdating scandal. That's a much lighter sentence than what the government had requested.

Sentencing is scheduled in federal court for the former CEO of KB Home. Bruce Karatz was convicted of fraud in a stock backdating scandal. The judge has to decide whether Karatz will go to prison, or just get house arrest. Alisa Roth explains.

It doesn't always get the attention that, say, smartphone technology does, but surveillance technology is making big leaps. And raising big issues. Today, another one of our Mind Blowing Mondays with Jonathan Zittrain, co-founder and co-director of Harvard's Berkman Center for Internet and Society. He tells us about new surveillance software.

A case centering on the purchase of British-based music label EMI begins in New York. The boss of a private equity firm is suing Citi because he claims the bank tricked him into buying EMI in 2007. European bureau chief Stephen Beard talks the details with Steve Chiotakis.

A meeting is scheduled in the fraud and insider trading case against three former Countrywide Financial executives. Reports say this signal that the SEC may have reached a settlement against the executives. Reporter Janet Babin talks the details with Bill Radke.

A Pennsylvania school district will pay $610,000 to settle a case involving webcam spying. The conflict began when webcam-equipped laptops were loaned out to students. Then, one student was accused of doing drugs in his bedroom. Why? Because of photos taken secretively on the webcam. We talk webcams, computers, and individual rights.

The Justice Department is looking into whether banks have been improperly foreclosing on properties and evicting the owners. Ally Financial, JPMorgan Chase and Bank of America have halted foreclosures in 23 states while they try to figure out whether legal paperwork is in, in fact, legal. What will the freeze will do to the real estate market? Alisa Roth reports.

More than 100 people in the U.S., England, and other countries have been arrested for stealing money online using a bit of malicious computer code called Zeus. But those arrests will not stop more of these attacks from happening. We learn what Zeus is, how it works, and how easy it is to purchase online.

French rogue trader Jerome Kerviel has been found guilty of one of the biggest trading frauds in history. Kerviel amassed a multi-billion loss at the French bank Societe Generale in 2008. Stephen Beard reports.

Verizon announced that it owes millions of customers a refund for mystery data charges on their bills. Reporter Eve Troeh talks with Bill Radke about what happened and how much money Verizon will pay.