Ralph Janvey has spent years searching for billions lost in the Stanford Ponzi scheme. CNBC's Scott Cohn sits down with him in an exclusive interview.» Read More
Famed defense attorney Eddie Hayes may represent accused Ponzi Schemer/Investment Adviser Ken Starr.
Securities and Exchange Commission Inspector General H. David Kotz is expanding his investigation into the agency's controversial settlement with Bank of America over the firm's 2008 acquisition of Merrill Lynch.
FBI agents arrested two individuals, including one Disney employee, in Los Angeles Wednesday morning on charges related to insider trading, CNBC has learned.
A rural German bank was destroyed, but the cash machine remained after suspected robbers attempted to use explosives to break into the bank through the front door, the BBC reported, citing German news media sources.
The government’s case against accused insider trader Raj Rajaratnam has taken an unexpected twist. The government is now investigating leaks to journalists alleged to have come from the Justice Department and the Securities and Exchange Commission.
Accused Ponzi schemer Allen Stanford has been reduced to "a wreck of a man" after nearly a year behind bars, according to the latest motion to get him freed on bail.
Accused fraudster Allen Stanford has gone through yet another defense attorney. Houston attorney Michael Essmeyer, who just last month was named lead counsel for Stanford, has asked to be removed from the case after he says Stanford fired him.
Thirty years ago on Monday, followers of Abimael Guzmán, a philosophy professor who believed he was “the fourth sword of communism” after Marx, Lenin and Mao, burned ballot boxes in the remote town of Chuschi on the eve of the first democratic elections in 12 years.
News on Thursday that New York State prosecutors are examining whether eight banks hoodwinked credit ratings agencies opened yet another front in what is fast becoming the legal battle of a decade for the big names of finance. The New York Times explains.
The European Cental Bank's bailout package is just a $1 trillion fig leaf covering the problem and a better move would have been to arrange for Greece and Portugal to leave the European Union.
Any assumption that the financial crisis is behind us is way off the mark, as the European Union is just shifting debt obligatoins between the public and private sector and not dealing with the undelying problem.
Banknote wholesalers will no longer supply the 500 euro note in the UK as part of measures to prevent money laundering, the Serious Organized Crime Agency (SOCA) announced Thursday on its Web site.
Before his arrest on corruption charges, Wang Yi was not only a powerful financial official in the Communist party but also one of China’s most celebrated modern classical music composers. But since his detention and arrest last year, Mr Wang’s magnum opus – a symphony called Ode to China – has been dropped as a repertoire staple of the China National Symphony Orchestra and his compositions derided by formerly adoring media commentators and critics.
While tougher regulations on consumer protections and derivatives are the highlights, it will be the lesser known aspects that will make or break many businesses.
Is your city more likely than others to fall prey to cyber crime? Click to find out.
Ricardo Salinas, the second richest man in Mexico, told CNBC Monday that the sale of illicit drugs should be legalized.
Government investigators believe a Goldman Sachs director improperly told Galleon Group hedge fund founder Raj Rajaratnam that Warren Buffett's Berkshire Hathaway would be making a $5 billion investment in Goldman in September of 2008, according to a report this morning in the Wall Street Journal.
The government's case against Goldman Sachs revolves in part around whether the investor that selected the toxic securities at the center of the case also could be the primary victim.
The Securities and Exchange Commission's civil fraud suit against Goldman Sachs "reeks" of political motivation, Rep. Darrell Issa (R. Calif) told CNBC.
Hedge fund firm Paulson & Co. said its role in the collateralized debt obligations sold by Goldman Sachs was "appropriate and conducted in good faith," according to a company letter sent to investors and obtained by CNBC.
Aubrey Lee Price, a former bank director wanted by the FBI in connection with a multi-million dollar investment scheme was arrested during a traffic stop by the Glynn County Sheriff’s department on Dec. 31st in Brunswick, Ga. Price allegedly faked his own death by disappearing off a Key West ferry in 2012. Although Florida issued a death certificate, the FBI suspected Price was still alive.
Eric Bartoli was arrested Dec. 11 in Peru. He he been on the run for almost a decade, wanted for his alleged involvement in stealing millions from investors in the U.S. and Latin America.
The accused mastermind of a $65 million scam featured on "American Greed: The Fugitives" has been apprehended by authorities.