Tokyo police arrested a Deutsche Securities employee for suspected bribery after the Deutsche official spent thousands of dollars on entertainment.» Read More
Magistrate Hannah Lauck (Lock) agreed with prosecutors during a hearing Friday in Richmond, Va., that Stanford poses a flight risk and ordered a detention hearing.
At least five individuals, including Texas financier Allen Stanford, have been arrested following a sweeping federal indictment over an alleged $8 billion Ponzi scheme, CNBC had learned. Stanford and the others are expected to appear before federal magistrates in three states Friday.
A bipartisan group of 16 members of Congress is demanding answers from the Securities and Exchange Commission about its handling of the alleged Ponzi scheme at Stanford Financial.
The court-appointed Receiver in the Stanford case, Ralph Janvey, discounted last night's motion by Stanford's attorneys to disqualify the law firm of Baker Botts, one of Janvey's main law firms.
Medtronic said on Wednesday that it had paid nearly $800,000 over an eight-year period to a former military surgeon who has been accused by the Army of falsifying a medical journal study involving one of the company’s products.
National Economic Counsel Advisor Larry Summers told CNBC Tuesday that President Obama's call for new regulations in the financial industry has no winners or losers and is more like a re-organization than creating new agencies
Ruth Madoff, 68, has not been charged with any crime or even questioned by prosecutors. But she has become perhaps the most vilified spouse of a financial rogue in history. When her husband, Bernard Madoff, divulged his Ponzi scheme, a $65-billion fraud for which he awaits sentencing later this month, Mrs. Madoff’s life was also ruined. Although no evidence has emerged to date that she conspired or even knew about her husband’s crimes, her plight has evoked no apparent public sympathy. She has been pilloried and turned into a pariah.
The investigation into Texas tycoon Allen Stanford and his alleged $8 billion ponzi scheme has broadened, CNBC has learned.
The SEC charged Angelo Mozilo, the former chairman and CEO of Countrywide Financial, with insider trading.
While Wall Street is pontificating the proverbial recovery, it’s still pretty bad out there for the average American. How bad is it? One recently unemployed mom guilted her sons into robbing people to help pay the bills.
Victims of R. Allen Stanford's alleged Ponzi scheme have another party to contend with as they try to recover some of their funds: Stanford's estranged wife. Susan Stanford, who filed for divorce in late 2007 after 33 years of marriage, says she should be entitled to half of Stanford's property.
Banco Santander's investment arm Optimal agreed Tuesday to pay more than $235 millon to settle claims filed by the trustee responsible for the liquidation of Bernie Madoff's investment empire, according to a press release.
A group of investors who lost millions in the collapse of Stanford Financial Group says it is "shocked" by a request by court-appointed receiver Ralph Janvey for nearly $20 million to cover his expenses.
I was finally going through my mail today, opening up all the boxes and boxes of books waiting for me to read … and one caught my attention and made me laugh out loud - I mean laugh out loud - roar!
In what may be my favorite story of the day, police say a suspected cocaine dealer led them on a 90 mile per hour chase in Indiana, when he suddenly stopped at Taco Bell.
A federal grand jury in Houston has indicted the Chief Investment Officer of Stanford Financial Group on two felony counts, marking the first criminal indictments in what the Securities and Exchange Commission calls a "massive Ponzi scheme."
Former Enron CEO Jeffrey Skilling is appealing his 2006 conviction to the Supreme Court. In a 50-page petition filed Monday afternoon, Skilling's attorneys argue the conviction should be overturned because he did not put his own interest above Enron's as the government claimed, and because the Houston jury that convicted him was prejudiced by "pervasive media coverage."
Amazon announced a new Kindle today, only three months after Kindle 2 came out, and I am furious. Three months?
Bernard Madoff's longtime secretary says she believes the disgraced financier is not cooperating with authorities to protect others.
Texas financier R. Allen Stanford, listed by Forbes last year as the 205th richest person in America with a net worth of $2.2 billion, in fact has less than $3 million in cash. That, according to the court-appointed receiver who is trying to sort out an alleged "massive Ponzi scheme" at Stanford's companies.