The U.S. attorney's office says the former chairman and CEO of KB Home has been named in an indictment charging him with conspiring to defraud the homebuilder and shareholders through a stock option backdating scheme.
In the last two weeks the Securities Investor Protection Corporation or SIPC, has received 1,150 new claims from clients of Bernard Madoff.
New York Attorney General Andrew Cuomo has issued subpoenas to seven top executives at Merrill Lynch -- executives who earned more than $200 million last year, according to sources familiar with the investigation.
FINRA is out with some new tools to raise red flags for potential fraud. Are you protecting your investments?
Accused swindler Bernard Madoff will be attending court hearings set for Wednesday over a potential conflict of interest regarding his attorney Ira Sorkin, CNBC has learned.
Financier Bernard Madoff said his wife should be allowed to keep nearly $70 million worth of assets held in her name, including the Manhattan penthouse where he is currently under house arrest, because they are unrelated to his alleged fraud, the Wall Street Journal reported.
Accused fraudster Allen Stanford has been making calls to his Caribbean base of Antigua to try and gain support and allies, CNBC has learned.
We've been getting away with operating on the cheap for decades, but now it's killing us. The problem isn't that the SEC is wasting its resources, it's that it doesn't have enough resources.
I reported, you voted, and the overwhelming winner of last week's "Call of Shame" is the SEC. You also emailed.
Irish police and corporate fraud investigators have raided the headquarters of Anglo Irish Bank in Dublin in search of records to document suspicious cash transfers.
The trustee in charge of untangling the mess brought on by the Bernard Madoff scandal told investors Friday there was no indication the disgraced financier bought securities for his clients.
Today we introduce a weekly segment, "The Call of Shame", for CNBC's "The Call". It will highlight the lowlights and lowlifes in business and finance. This week's nominees are.......
FBI agents served the complaint from the U.S. Securities and Exchange Commission on Texas billionaire Allen Stanford in Virginia, an FBI spokesman said on Thursday.
The Securities and Exchange Commission obtained a court order halting an alleged Ponzi scheme by Hawaii-based Billions Coupons and its CEO Marvin R. Cooper that was targeting members of the Deaf community in the U.S. and Japan.
The head of Stanford Financial Group charged with orchestrating an $8 billion fraud tried Tuesday to get a one-way flight out of the country, a source told CNBC.
The sports world is reeling today after the SEC accused Robert Allen Stanford of the Stanford Financial Group of massive fraud.
Stopping what it called a “massive ongoing fraud,” the Securities and Exchange Commission on Tuesday accused Robert Allen Stanford, the chief of the Stanford Financial Group, of fraud in the sale of about $8 billion of high-yielding certificates of deposit held in the firm’s bank in Antigua, the New York Times reports.
Arthur Nadel, the Florida money manager who briefly went missing last month after the six hedge funds he ran collapsed in an alleged "mini-Madoff" scheme, will remain behind bars at least awhile longer.
Nicholas Cosmo, the Long Island man accused by federal prosecutors of running a $380 million Ponzi scheme, was granted a 30-day continuance by United States District Court Judge Thomas E. Boyle on Friday.
Federal prosecutors say disgraced Florida hedge fund manager Arthur Nadel wrote letters home while he was fleeing from authorities last month, including one telling his family he "really anticipated" being labeled a "Mini-Madoff."