Crime Corporate Fraud

  • Home Depot

    Shares of Home Depot were up 1.3 percent Friday as investors waited for word about whether a sale was on or off for the home improvement retailer's contractor business.

  • BHP Billiton, the world's biggest mining company, said it would seek to grow aggressively in India where volume growth is outstripping China, its other boom market.

  • Shares of Thornburg Mortgage, Accredited Home Lenders Holding and other mortgage stocks were trading higher before the opening bell Thursday after Bank of America made a $2 billion investment in Countrywide Financial.

  • Social networking Website Facebook is working on an advertising system to allow marketers to target users with ads based on the information people reveal about themselves on the site, the Wall Street Journal reported in its online edition early on Thursday.

  • A state judge in Michigan has sided with Wal-Mart Stores and dismissed a lawsuit by former marketing executive Julie Roehm over her firing, saying the case should be filed in Arkansas.

  • Former AOL executive Stephen M. Swad has become the new chief financial officer at mortgage finance giant Fannie Mae, the company said Wednesday. Swad's succession as finance chief, replacing Robert Blakely, had been planned for some time.  Blakely stepped down as its chief financial officer last Friday but remains an executive vice president.

  • First Magnus Financial, one of the largest independent U.S. mortgage lenders, filed for Chapter 11 bankruptcy protection on Tuesday, the latest home loan provider to collapse as the housing market slumps and credit crisis widens.

  • Internal investigators have uncovered more than 1 billion euros ($1.4 billion) of dubious payments at Siemens' telecoms and turbines divisions, far more than previously thought, the Sueddeutsche Zeitung said.

  • ImClone

    Late Thursday, ImClone Systems announced it has finally hired a permanent CEO. It'd been without one for about two years. The biotech company which makes the cancer drug Erbitux and became reluctantly famous in the Martha Stewart stock-trading case tapped a guy named John Johnson for the role.

  • Cardinal Health

    Cardinal Health has agreed to pay $35 million to settle charges that it engaged in nearly a four-year fraudulent revenue and earnings scheme, the U.S. Securities and Exchange Commission said on Thursday.

  • The U.S. Securities and Exchange Commission said on Wednesday that it has charged the former chief executive of KLA-Tencor with fraud for his involvement in a stock options backdating scheme.

  • Samsung Headquarters

    A former director at a Samsung unit was arrested on a wire fraud charge Thursday on allegations that he had embezzled about $1.5 million from the company, U.S. prosecutors said.

  • Financier Yoshiaki Murakami, who shook up corporate Japan with demands for greater returns for shareholders, was jailed for two years on Thursday after being found guilty of insider trading.

  • The former chairman of defense contractor Engineered Support Systems and his son were charged with stock options fraud on Thursday in a widening U.S. securities investigation.

  • Former Adelphia Communications CEO John Rigas enters Manhattan federal court for his sentencing Monday, June 20, 2005, in New York. Adelphia Communications Corp. founder John Rigas and his son face sentencing Monday, almost a year after they were convicted of stealing millions of dollars from the cable company and deceiving investors by hiding its crushing debt. (AP Photo/ Louis Lanzano)

    Their appeals all but exhausted, Adelphia Communications founder John Rigas and his son, Timothy, will head to prison on Aug. 13 for their role in one of the largest corporate frauds in U.S. history.

  • Police raided the offices of Germany's Air Berlin as part of an investigation into claims of insider trading ahead of its acquisition of rival dba last year, the carrier said Tuesday.

  • Prosecutors demanded a six-year prison term for Hyundai Motor Chairman Chung Mong-koo on Tuesday in his appeal trial against a three-year sentence handed down in February for embezzlement.

  • CNBC Senior Correspondent Scott Cohn is on the trail of a controversial former corporate executive who prosecutors say has fled the country.  Cohn and a producer have traveled to the African nation of Namibia, searching for former Comverse CEO Jacob "Kobi" Alexander.  Cohn has filed his first video dispatch from Namibia and you can see it here only on CNBC.com.

  • CNBC Senior Correspondent Scott Cohn is on the trail of a controversial former corporate executive who prosecutors say has fled the country.  Cohn and a producer have traveled to the African nation of Namibia, searching for former Comverse CEO Jacob "Kobi" Alexander.  Cohn has filed his first video dispatch from Namibia and you can see it here only on CNBC.com.

  • U.S. securities regulators are planning to fine Nortel Networks  up to $100 million for accounting fraud, Bloomberg reported on its Web site on Friday.