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  • Pay Czar Issues New Restrictions on Compensation Friday, 11 Dec 2009 | 12:04 PM ET
    Kenneth R. Feinberg, the Treasury Department's special appointee for executive compensation.

    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.

  • Stanford Investors' Names Going to Tax Probe Wednesday, 2 Dec 2009 | 6:32 PM ET
    Taxes

    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 Charged in $50 Million FCC Scam Thursday, 19 Nov 2009 | 4:56 PM ET

    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.

  • Building an Online Bulwark to Fend Off Identity Fraud Thursday, 19 Nov 2009 | 11:23 AM ET

    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.

  • Stanford Receiver to Release Funds Of Frozen Acounts Monday, 16 Nov 2009 | 4:46 PM ET
    Allen Stanford

    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.

  • Allen Stanford

    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.

  • Key 9/11 Suspect to Be Tried in New York Friday, 13 Nov 2009 | 8:33 AM ET
    Gavel

    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.

  • Bear Stearns Fund Manager - Before His Day in Court Wednesday, 11 Nov 2009 | 12:18 PM ET

    In their first case against anyone involved in the U.S. subprime mortgage meltdown – government prosecutors took it on the chin yesterday.

  • Madoff Apartment Price Slashed by $1 Million Tuesday, 10 Nov 2009 | 6:39 PM ET

    The list price on Bernie Madoff's apartment has been cut to $8.9 million dollars from $9.9 million dollars, CNBC has learned.

  • Trustee Seeks Billions for Madoff Investors Tuesday, 10 Nov 2009 | 12:22 PM ET
    Bernie Madoff

    Jeffry M. Picower, a longtime investor in Bernard L. Madoff’s fraud scheme who died in his Palm Beach swimming pool last month, left an estate with assets far in excess of $1 billion — and that could be a spot of good news for Mr. Madoff’s victims.

  • Madoff Property Auction Monday, 24 Mar 2014 | 2:44 PM ET
    From an elegant diamond ring to a 1960 Hofstra class ring. A rare Rolex "Monoblocco" watch to a personalized New York Mets jacket. Luxurious furs to fishing rods. Bernard and Ruth Madoff's personal possessions, seized by the Feds earlier this year, will be auctioned this weekend.Proceeds from the sale will be set aside for victims of Madoff's Ponzi scheme, which unraveled nearly one year ago. Some 200 items up for bid include more than 40 watches, along with numerous bracelets, earrings, cufflin

    Luxurious furs to fishing rods. Bernard and Ruth Madoff's personal possessions, seized by the Feds and auctioned off to benefit victims in 2009.

  • What's in a name? They found out in Proctor, Minn., this week when the motorized chair, formerly known as La-Z-Boy, sold for just a fraction of what it was going for before La-Z-Boy made them stop using their name.

  • Intel Faces Antitrust Suit From New York Wednesday, 4 Nov 2009 | 11:40 AM ET
    Exterior view of Intel headquarters in Santa Clara, California.

    New York's attorney general has filed an antitrust lawsuit against Intel, claiming the company used "illegal threats and collusion" to dominate the marketplace for computer microprocessors.

  • EBay removed an auction for a "Motorized La-Z-Boy Chair" after La-Z-Boy complained that it didnt' want its name associated with a police auction. There's a new auction up, but once you take out the La-Z-Boy, it's now just a "DWI Chair"—a nod to why it was confiscated. Gentlemen, start your bids!

  • Madoff: All SEC Did Before 2006 a 'Waste of Time' Monday, 2 Nov 2009 | 3:57 PM ET
    Bernie Madoff

    Newly released documents in the Bernard Madoff case paint a detailed picture of a feckless Securities and Exchange Commission, and an epic scam artist who was constantly amazed he did not get caught.

  • Bidding for Motorized La-Z-Boy Tops $40,000 Monday, 2 Nov 2009 | 12:52 PM ET

    How much would you pay for a motorized La-Z-Boy? Try OVER $40,000. That's how much a homemade vehicle is going for on eBay right now after it was confiscated from its owner, who admits to driving it drunk.

  • Madoff: It's 'Amazing' I Didn't Get Caught Sooner Friday, 30 Oct 2009 | 7:26 PM ET
    Bernie Madoff mugshot

    Jailed swindler Bernie Madoff said it was "amazing" that he didn't get caught sooner in his multi-billion-dollar Ponzi scheme, and that everything the SEC did to investigate him prior to 2006 was a waste of time, according to a jailhouse interview he gave to SEC Inspector General H. David Kotz.

  • 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.

  • Amgen Sued Over Alleged Sales Kickback Schemes Friday, 30 Oct 2009 | 2:31 PM ET
    Amgen

    New York Attorney General Andrew Cuomo and 14 other states are filing a lawsuit against Amgen, alleging that the biotech company was offering kickbacks to medical providers to increase the sale of its anemia drug Aranesp.

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American Greed

  • "$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.

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