U.S. securities regulators will consider about 4 proposals to restrict short selling, a type of investing blamed for accelerating the severe downturn in financial services stocks.
The Securities and Exchange Commission accuses a Toronto-based fund manager who calls himself the "Chinese Warren Buffett" of running a multi-million dollar Ponzi scheme aimed mostly at Chinese-Americans in the Dallas area. Weizhen Tang tells Bloomberg his firm has had "difficulties" but denies he's done anything wrong.
A federal judge in New York today granted a 30-day continuance in the case of Arthur Nadel, the 76-year-old Florida hedge fund manager accused in a "mini-Madoff" scheme.
Former Enron CEO Jeffrey Skilling will be resentenced July 30, after an appeals court earlier this year ruled his 24 year sentence was too harsh.
A New York student won a court order to temporarily freeze the assets of Peter Madoff, the brother of jailed swindler Bernard Madoff, the student's lawyer said on Wednesday.
Chief Financial Officer for Texas financier Allen Stanford has changed course, and is now cooperating in the civil and criminal investigations of his former boss, CNBC has confirmed.
The trustee handling the liquidation of Bernard L. Madoff’s brokerage business told a federal judge on Monday that he had found $75 million in new assets in Gibraltar, the New York Times reports.
READ HERE: In personal pleas to the court, Bernard Madoff's victims ask for big jail time and his family stripped of everything.
Bernard Madoff lost his bid Friday to be released from jail until his June sentencing for Wall Street's largest ever investment fraud.
Disgraced financier Bernard Madoff's lawyer has asked a federal appeals court to let his client stay out of prison until sentencing. The court said it will not rule immediately.
A new report from SEC Inspector General David Kotz says the agency is not doing enough to address complaints about abusive, "naked" short selling.
I have been talking to someone who recently spent a few weeks where Bernard Madoff is now, the Metropolitan Correctional Center, or MCC.
Madoff is now in jail at the Metropolitan Corrections Center, very near the Federal courthouse building where he made his plea. Here's what he faces in his new digs.
Bernard Madoff pleaded guilty on Thursday to 11 counts of fraud in the biggest swindle ever and was taken to the Metropolitan Correctional Center, near the Federal courthouse.
We have a winner in the contest to suggest the most creative sentence for Bernard Madoff! It is .....
Bernard Madoff pled guilty to eleven charges stemming from his alleged $64 billion Ponzi scheme today. His victims were given a chance to speak in court, though some did not in spite of their lingering questions.
Prosecutors will bring additional charges as warranted against Bernard Madoff or anyone else involved in the fraud that bilked investors of billions.
Here is the text of Bernard Madoff's prepared plea allocution statement, delivered Thursday in U.S. District Court in New York
Many of you sent in similar ideas, but I've chosen those who either came up with a particular idea first, or fleshed the idea out most creatively. I've been overwhelmed by the responses, and I hope this little exercise helped people let off steam.
We will shortly be posting the top ten suggestions (out of more than 500 emails) for the most creative sentence for Bernard Madoff so you can vote. The winner gets Bernie Madoff toilet paper.