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Crime Corporate Fraud

  • Alleged ponzi-schemer Bernard Madoff's Upper East Side Manhattan penthouse is getting new monitoring equipment in compliance with a court order.

  • Nicholas Cosmo

    Nicholas Cosmo, the Long Island native accused of running a $380 million Ponzi scheme, is switching attorneys and may bring on Stacey Richman, a prominent defense attorney whose former clients include prominent rap stars, among others.

  • Whistleblower Harry Markopolos, whose warnings about the Madoff scandal fell on deaf ears at the Securities and Exchange Commission for years, has provided the SEC's Inspector General with new information about an alleged "mini-Madoff" fraud that is still underway, CNBC has learned.

  • The names of several thousand clients who lost money investing with Bernard Madoff have been released in a court filing that reads like a Who's Who: former Los Angeles Dodgers pitcher Sandy Koufax, actor Kevin Bacon and even Madoff's defense lawyer.

  • Bernie Madoff

    Hall of Fame pitcher Sandy Koufax. Actor Kevin Bacon. World Trade Center developer Larry Silverstein.  All three have at least one thing in common: Their names appear on a list of several thousand clients who lost money investing with Bernard Madoff. The list has been made public in a court filing in U.S. Bankruptcy Court in Manhattan.

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    Count CNBC's parent company, General Electric, as one of the victims of an alleged fraud, reports CNBC's Scott Cohn in breaking news...

  • Arthur Nadel

    Hedge fund manager Arthur Nadel, arrested last week on fraud charges, has agreed to have his assets frozen.

  • Nicholas Cosmo, the Long Island man accused of running a $370 million dollar Ponzi scheme, remains jailed following a bail hearing today.

  • Bernie Madoff

    As Bernard Madoff awaits his fate inside his Manhattan penthouse, he is getting a new crew to keep him safe.

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    JPMorgan Chase says that its potential losses related to Bernard L. Madoff, the man accused of engineering an immense global Ponzi scheme, are “pretty close to zero.” But what some angry European investors want to know is when the bank cut its exposure to Mr. Madoff — and why, the New York Times reports.

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    The number of people who have been caught running Ponzi schemes in recent weeks is adding up quickly, so much so that they have earned themselves a nickname: mini-Madoffs. The New York Times reports.

  • Nicholas Cosmo

    Accused Ponzi-schemer Nicholas Cosmo onced owed tens of thousands of dollars in gambling debt to the Genovese crime family, the latest twist in a scheme federal authorities believed bilked small investors out of $370 million, according to people with knowledge of the matter.

  • AIG

    A former executive of American International Group has been sentenced to four years in prison in a fraud case that authorities say cost shareholders more than $500 million.

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  • Nicholas Cosmo

    The owner of a Long Island investment firm accused of cheating people out of more than $100 million is expected to appear in court Tuesday.

  • The theme for the World Economic Forum this year is "Restoring Trust, Rebuilding Confidence." It ain't gonna be an easy sell.

  • Bernie Madoff

    Several dozen employees, who work in the legitimate branch of Bernard Madoff's firm, are being laid off, according to The Wall Street Journal.

  • Former Enron CEO Jeff Skilling (AP Photo/David J. Phillip)

    Former Enron CEO Jeffrey Skilling, whose 2006 convictions were upheld by a three-judge appelate panel earlier this month, is appealing that decision to the full Fifth Circuit Court of Appeals.

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    The New York Times asks whether Ruth Madoff knew of her husband's scheme.

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    Earlier this week, a reader of my India market newsletter asked if I could analyze Satyam Computer Services. I prepared these notes based on the weekly and the daily chart. On Thursday morning, I returned from Beijing to find the same stock was front page news. These are the notes prepared three days before the breaking news.