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Och-Ziff also plans to enter into a differed prosecution agreement with the U.S. Department of Justice later Thursday to resolve related criminal charges in federal court in Brooklyn and pay an additional $213 million fine, according to the Securities and Exchange Commission. The SEC said Chief Financial Officer Joel Frank agreed to settle civil charges. The regulator alleged that the hedge fund used intermediaries, agent s and business partners to bribe high-level government officials.
A packed commuter train ploughed into a station in New Jersey during the morning rush hour Thursday, killing one person and injuring 108, some of them critically, the state's governor said. New Jersey Governor Chris Christie said the train entered the station at Hoboken "at a high rate of speed" and "crashed through the barriers, bringing it into the interior wall" of the terminal.