CNBC's Scott Cohn reports Hampshire Hotel CEO Sant Singh Chatwal pleaded guilty in a campaign scheme.» Read More
Tom DeLay, one of the most powerful and divisive Republican lawmakers ever to come out of Texas, was convicted Wednesday of money-laundering charges in a state trial, five years after his indictment here forced him to resign as majority leader in the House of Representatives, the New York Times reports.
In what may be today's most titillating—though maddeningly vague—newsflash, SAC Capital Advisors informed investors that they have received a government subpoena.
Trading in shares of the Janus Capital Group have been halted, apparently in anticipation of an announcement that federal authorities are looking at Janus as part of their insider trading dragnet.
John Kinnucan , an independent analyst, said the FBI approached him and said, "there was a very large insider trading ring investigation that they were conducting and one of my clients was a focus of the probe and they wanted my help in basically incriminating this individual."
John Kinnucan told CNBC that the FBI said "there would be trouble" unless he agreed to help them incriminate one of his clients.
Federal authorities are at an advanced stage of an insider-trading investigation that could result in criminal charges or significant civil fines against Wall Street traders and executives, the New York Times reports.
When the toasts are raised here next year at the opening of the world’s tallest communications tower, yakuza gangsters will not be celebrating. The New York Times explains.
No doubt this is going to become one of those legendary stories of the wealthy being treated differently by the judicial system. And by differently, I mean more leniently.
Errors "permeated" the case against former Enron CEO Jeffrey Skilling, and he should be granted a new trial, Skilling's lead attorney argued before a three-judge appellate panel Monday.
Sources tell ProPublica that the Securities and Exchange Commission is investigating whether JPMorgan Chase allowed a hedge fund to improperly select assets for a $1.1 billion deal backed by subprime mortgages.
Many recent SEC cases have one thing in common: an increasingly broad definition of what insider trading actually means.
Disgraced fund manager Art Nadel was sentenced Thursday to 14 years in prison after pleading guilty to defrauding investors of over $160 million.
The Office of the Comptroller of the Currency and the Department of Treasury Inspector General are investigating whether or not certain national bank executives lied to or misled bank examiners, CNBC has learned.
U.S. Marshals have sold Madoff's Palm Beach home for $5.65 million dollars. Proceeds of the sale will go to the Dept of Justice Fund to benefit Madoff victims.
In this guest author blog, Elkind writes, "Eliot Spitzer and Carl Paladino, liberal Manhattan Democrat and upstate Tea Party Republican, don’t have a lot in common. But they’re both rich. They’ve both endured sex scandals. They’ve both run for governor of New York. And they share a visceral dislike for two powerful men in Empire State politics."
Steven Rattner, the former car czar, has agreed to a settlement with the Securities and Exchange Commission over kickback claims involving the New York State pension fund, a person with knowledge of the negotiation said Wednesday.
Texting and driving is as dangerous and driving while drunk, Clarence Ditlow, executive director of the Center for Auto Safety, told CNBC Monday. Such sentiment, fueled by the increasing number of cell-phone-related accidents, is part of what is driving a nation-wide ban on combining the two activities.
On Wednesday morning a small pop-culture memorabilia shop in Midtown opened an 836-lot auction timed to what would have been Lennon’s 70th birthday, which is Saturday. The prized item was a set of Lennon’s fingerprints made in 1976 as part of his application for citizenship. Minimum bid: $100,000.
In recent years, some 20,000 people have turned to American Tax Relief after seeing the company’s advertisements on television where actors portraying clients say the company reduced their back taxes , reports the New York Times.
Rogue traders are a very unlucky bunch.
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"$UDDEN DEATH"/ "HIP HOP HUSTLE" - NCAA basketball coaches are among the victims who get financially slam dunked in a $39 million scam out of Houston. And a wannabe rap star claims he's working with a famous Hollywood star to collect money to produce a movie about his 'gangsta' life. But there is no movie only hip-hop star livin'.
With investigators eager to confirm that Joel Salinas is running a $39 million investment fraud, he runs out of options and sets off on a final escape.
The $1.5 million raised to produce a movie was a scam. Instead Eric Jagclicic spent investor money on fancy cars, exotic pets, and more.