- - Tuesday, June 26, 2012

CHICAGO — Jewelry collectors who don’t mind if their gems have a rather shady past will soon get the chance to bid on a stash of valuables linked to reputed mobster Frank Calabrese Sr.

Agents found a hoard of jewelry in a secret compartment behind a family portrait in Calabrese’s suburban Chicago home during a raid two years ago.

Now, the Chicago Sun-Times reports, an online auction July 10-24 will sell the items, including more than 250 loose diamonds, earrings and other jewelry.

Calabrese was one of several reputed mobsters convicted in 2009 in a racketeering conspiracy that included 18 decades-old murders. He was blamed for 13, sentenced to life in prison and ordered to pay more than $24 million. The auction proceeds will go toward that restitution.

NEW YORK

Sting targeted online financial fraud

NEW YORK — Dozens of people in New York City and around the globe were arrested Tuesday in a major international sting targeting online financial fraud.

The arrests were made after a New York-based federal investigation of hackers who exchanged credit card, bank and other information in private Internet forums, according to two law enforcement officials.

Undercover investigators snared the suspects in the United States, Europe and elsewhere by setting up their own forum for them to network, the officials said. The officials estimated that the operation prevented hundreds of millions of dollars in thefts.

Hearst, media titan’s grandson, dies at 84

NEW YORK — Hearst Corp. board Chairman George Randolph Hearst Jr., the oldest grandson of the media titan William Randolph Hearst, died Monday, the company said. Hearst was 84.

The company said in a statement that Mr. Hearst died at Stanford University Medical Center in Palo Alto, Calif., of complications from a stroke.

Mr. Hearst was the chairman of a privately held media conglomerate that traces its roots back more than 125 years, when his grandfather took over the San Francisco Examiner. Mr. Hearst was a director of the company for more than 50 years, the company said. He succeeded his uncle, Randolph A. Hearst, as board chairman in 1996.

“As chairman of the board, he brought his vast experience and wisdom to bear during a time of incredible growth and helped guide us through periods of enormous change,” said Frank A. Bennack Jr., executive vice chairman and chief executive officer of Hearst Corp., in a statement.

Hearst Corp. owns 15 daily newspapers, including the Houston Chronicle, San Antonio Express-News and San Francisco Chronicle. It also owns a long list of magazines, including Esquire, Harper’s Bazaar and Cosmopolitan, plus 29 TV stations and shares in several cable networks.

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