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
The American Academy of Actuaries, the public face of a behind-the-scenes profession, is in disarray after quietly sacking its incoming president, then trying to conceal both his ouster and an unpleasant secret from his past.
Chinese authorities say the arrests of numerous business executives are part of an anticorruption campaign. But analysts say they're the outgrowth of power struggles within the Communist Party to weaken rivals and their corporate supporters.
A global crackdown on bank secrecy and offshore tax havens is gaining steam due to the worldwide financial crisis, the head of the OECD told CNBC.
Dozens of financial advisors for the defunct Stanford Financial Group, which sold millions of dollars worth of allegedly fraudulent certificates of deposit to unsuspecting customers, were added to a federal lawsuit by the court-appointed Receiver in the case.
Securities and Exchange Commission Inspector General David Kotz has issued his long-awaited report on how the agency missed the Bernard Madoff Ponzi scheme.
The publicity of an investigation of more than 4,000 overseas bank accounts will likely arouse suspicion among many exes, leading to the reopening of a number of divorce cases. But cheated spouses don't have to wait for IRS notification to confront their suspicions.
R. Allen Stanford’s relationship with the chief regulator of his Antigua bank was closer than most. At a meeting in 2003, they became blood brothers, cutting their wrists and mixing their blood in a “brotherhood ceremony” that Mr. Stanford’s chief financial officer said promoted an elaborate scheme to hide a multibillion-dollar fraud from American and other regulators.
The chief financial officer of accused swindler Allen Stanford entered a guilty plea on Thursday in a $7 billion fraud case as Stanford was rushed to the hospital with a rapid heart rate.
Fed Chairman Ben Bernanke is one of hundreds of victims of an identity-fraud ring, according to Newsweek magazine.
Accused fraudster Allen Stanford must remain in jail pending his trial, a federal appeals court said Monday. A federal judge in Houston ruled in June that Stanford, indicted on 21 criminal counts in an alleged $8 billion dollars, was a flight risk.
Stanford investors are suing five banks, including two in the US, that handled billions of dollars in customer deposits for Stanford International Bank in Antigua, the offshore bank at the heart of the alleged Ponzi scheme.
Late Tuesday, a federal appeals court, without explanation, denied Allen Stanford's petition to remove U.S. District Judge David Hittner from his criminal case.
The industry self-regulatory organization that was supposed to police the brokers at the Stanford Financial Group acknowledges it received a tip from an employee in 2003 that the company was running a Ponzi scheme, but did not follow up on it because of the agency's own policy.
Several banks, including two in the U.S., face new scrutiny as investors and regulators try to sort out the alleged Stanford Ponzi scheme, CNBC has learned. At issue: what the banks and regulators knew about massive deposits and withdrawals from Stanford over the years.
Citing "unexplained hostility" by the judge in his criminal case, accused fraudster Allen Stanford is asking for a new judge.
One of Allen Stanford's mistresses—whom the accused fraudster euphemistically refers to as "outside wives"—should be held in contempt of court, according to the court-appointed Receiver in the case.
Hadassah, the Jewish volunteer organization, knew it had invested $40 million with Bernard L. Madoff by the late 1990s. It also knew it had taken more than $130 million from its Madoff accounts and still had millions on the books when the vast Ponzi scheme was revealed in December.
The island nation of Antigua and Barbuda--hard-hit by the Stanford Financial scandal--is getting a $50 million bailout from Venezuelan President Hugo Chavez.
The Waterfront Commission of New York Harbor, created in the 1950s to break the mob’s grip on the docks, became its own bastion of lawlessness, employing some of the same corrupt, self-serving methods as the gangsters it was supposed to pursue, investigators said Tuesday in a scathing report.
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.