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Broadcom co-founder Henry T. Nicholas III was indicted Thursday on fraud, conspiracy and drug charges—including allegations he spiked the drinks of technology executives and customer representatives with ecstasy and maintained a warehouse for ecstasy, cocaine and methamphetamine.
In an exclusive report CNBC’s Charlie Gasparino reveals new details in the sexual harassment case involving a former junior trader at SAC Capital...
John F. Marshall spent decades teaching at business schools and watching his students parlay his lessons into fortunes on Wall Street. But when he and another professor reached for some of those riches themselves, events took a startling turn, the authorities say.
The Federal Equal Employment Opportunity Commission has decided to close its investigation into charges made by a former junior trader at SAC Capital alleging that his supervisor had sexually assaulted him and forced him to take female hormones.
The resignation of General Re's CEO, apparently in response to pressure from Federal prosecutors, is generating some heated debate on whether Washington should stay out of Warren Buffett's boardroom. See Closing Bell's heated discussion on the issue.
General Re Chairman and CEO Joseph Brandon, who had once been seen as a possible successor to Warren Buffett, has resigned. He apparently fell victim to pressure from the Federal government to have him ousted.
A floor trader who served on the board of the New York Mercantile Exchange agreed to serve five months in prison Tuesday after pleading guilty to fraud and evidence tampering related to commodities trading.
Attorneys for former Enron CEO Jeffrey Skilling will argue Wednesday that his 2006 conviction should be overturned because of “shocking” and “egregious” misconduct by prosecutors.
Attorneys for jailed former Enron CEO Jeffrey Skilling say the government illegally withheld key evidence that would have proven he is innocent.
A federal grand jury and the Securities and Exchange Commission have been investigating the anti-money laundering practices of Fidelity Investments, according to a report in the Boston Business Journal.
Eliot Spitzer resigned as governor of New York after being implicated in a prostitution ring. He will be succeeded by Lt. Gov. David Paterson.
The criminal investigation that discovered Governor Eliot Spitzer's tryst began last year in a nondescript office building opposite a Dunkin’ Donuts on Long Island, according to law enforcement officials.
Eliot Spitzer took office as New York's governor on the first day of 2007, with a record margin of victory. But his first year as governor was rocky and his reform-based platform hit early roadblocks.
The New York Times reports that Gov. Eliot Spitzer has informed his most senior administration officials that he had been involved in a prostitution ring.
Four former executives of Berkshire Hathaway's General Re have just been found guilty in a closely watched criminal fraud trial that could have brought Warren Buffett to the witness stand. A former executive of American International Group was also convicted by the jury, following a one-month federal court trial in Hartford, Connecticut.
Filomena Tobias, wife of the late hedge fund manager Seth Tobias, is unlikely to face any charges in the death of her husband, according to a report in the Palm Beach Post that quoted a spokesman for the Palm Beach County State Attorney.
Warren Buffett won't be going to Hartford, Connecticut to testify in a criminal corporate fraud trial involving former executives of Berkshire Hathaway subsidiary General Re. Jurors are now expected to begin their deliberations next week. The defense rested its case yesterday (Thursday) after calling five witnesses over two days. None of them were named Buffett.
A criminal corporate fraud trial that could bring Warren Buffett to the witness stand for some tough questioning is now underway in a federal courthouse in Hartford, Connecticut. Emphasis on could. Here's why I have my doubts.
Attorneys for the brothers of hedge fund manager Seth Tobias say his wife killed him because "Seth was worth substantially more to (her) dead than he was alive, and she knew that."
The U.S. Attorney's Office in Brooklyn has broadened its investigation into the collapse of two hedge funds that Bear Stearns managed, CNBC has learned.