A co-founder of the frozen yogurt chain Pinkberry has been sentenced to seven years in prison for beating a homeless man with a tire iron.» Read More
Allen Stanford's attorneys have announced plans to appeal a December 23 ruling keeping the indicted banker behind bars without bail pending his trial in January, 2011.
A group of investors in Allen Stanford's alleged Ponzi scheme are demanding a powerful Texas congressman give them the same kind of support he showed Stanford when regulators shut down the alleged scam in February.
Gift cards are just so easy — so easy for dishonest employees to exploit, that is.
Bernie Madoff is back in his Butner, NC, prison cell after a brief stay in the prison's medical unit, according to the Bureau of Prisons Web site.
A federal judge has denied an emergency request by attorneys for indicted billionaire Allen Stanford to free their client on bail.
Convicted swindler Bernard L. Madoff, who is serving a 150-year sentence in a federal prison in Butner, N.C., was moved to a low-security medical center at the prison last Friday, according to the Bureau of Prisons. The New York Times reports.
Attorneys for accused Ponzi schemer Allen Stanford—who has been in custody without bail since his indictment in June—say their client is in danger of a "complete nervous breakdown," so they are again asking a federal judge to let him go free on bail.
A federal judge has found accused Ponzi schemer Allen Stanford and three co-defendants in contempt of court in a dispute over their legal fees.
Attorneys for former Enron CEO Jeffrey Skilling say the law under which he was convicted in 2006 is "unconstitutionally vague," and that he government has repeatedly misused the law to suit "whatever meaning is necessary to prosecute whatever defendant happens to be in the government's sights."
A trial has been set for April 26 in the case of Arthur Nadel, the Sarasota, Fla., philanthropist and hedge fund manager who became the first alleged "mini-Madoff" when the six funds he managed went bust earlier this year.
As he worked to preserve Bernie Madoff's rights and contain the collateral damage, attorney Ira Sorkin became the target of death threats and "vicious" anti-Semitism, he told CNBC.
The U.S. pay czar on Friday issued his latest crackdown on bailout recipients, ruling that cash salaries will be mostly limited to $500,000 for the next tier of top earners.
More than 200 investors in Texas billionaire Allen Stanford's alleged Ponzi scheme face a new lawsuit from the court-appointed receiver who is gathering assets from the Stanford empire.
The court-appointed Receiver rounding up assets in the alleged Ponzi scheme at the Stanford Financial Group says he will comply with a request from the Justice Departments Tax Division for the names and account information of thousands of Stanford investors.
Twenty-six people were charged today with engaging in a scheme to steal more than $50 million from the Federal Communications Commission's Video Relay Service (VRS) program.
Identity fraud has been on the rise, as criminal cunning may be mixing with desperation during the downturn. But a new breed of products is tackling the trickier matter of preventing identity theft, says the New York TImes.
Potential losses to U.S. investors in Texas financier Allen Stanford's alleged Ponzi scheme are far more widespread than initially feared, according to a new analysis obtained by CNBC.
A federal appeals panel has rejected the efforts of the court-appointed receiver in the Stanford Financial scandal to recover millions of dollars from hundreds of Stanford investors who got their funds out before the alleged Ponzi scheme collapsed.
Khalid Shaikh Mohammed, the self-described mastermind of the Sept. 11 attacks, and four other men accused in the plot will be prosecuted in federal court in New York City, a federal law enforcement official said early on Friday.
In their first case against anyone involved in the U.S. subprime mortgage meltdown – government prosecutors took it on the chin yesterday.
Introducing Morning Squawk: CNBC's before the bell news roundup
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Joe and Tina Caronna are living the good life: a nice house, a collection of fancy sports cars, and loads of cash for vacations and fun. But while Tina has earned her money as a financial executive, Joe's life as an insurance agent isn't exactly legit. When Tina learns of her husband's fraud ... the results are deadly.
Insurance agent Joe Caronna steals money from friends by selling bogus annuities to feed his expensive lifestyle. He's able to conceal his fraud for years without detection.
When Tina Caronna doesn't return from a shopping trip, Joe enlists friends and family to search for his missing wife.