Crime
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Discussing what's next for IRS official Lois Lerner, and whether it's time for an IRS special counsel, with Tom Curran, Peckar & Abramson and John Eastman, Chapman University.
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Attorneys for jailed former Enron CEO Jeffrey Skilling say the government illegally withheld key evidence that would have proven he is innocent.
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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.
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Eliot Spitzer resigned as governor of New York after being implicated in a prostitution ring. He will be succeeded by Lt. Gov. David Paterson.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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."
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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.
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A former assistant to Seth Tobias has agreed to testify in the court battle over the late hedge fund manager's estate.
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The Aiken County Sheriff's Office in South Carolina arrested a man on Monday who tried to open a bank account with a counterfeit $1,000,000 note.
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Insured losses from California wildfires could exceed $1.6 billion if the fires continued tospread, a risk modeling firm said Thursday.
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Two former officers at a company that supplies body armor to the U.S. Army face charges they inflated the company's stock price and made nearly $200 million in the process.
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An assistant to hedge fund manager Seth Tobias, who died suddenly last month at age 44, told CNBC he has evidence that Tobias was murdered.
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On Tuesday, the U.S. Supreme Court is hearing an case that some say may alter the landscape of investing. The outcome potentially could strengthen shareholder confidence -- or stifle investment markets.
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On Oct. 9, the U.S. Supreme Court will hear a case that some say may open the flood gates to a tidal wave of investor lawsuits. Legal experts joined CNBC to debate both sides of the issue.
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In Paraguay's Tri-Border region, billions of dollars in pirated goods are smuggled and sold each year. It's a big problem for U.S. firms and finances terrorist groups.
American Greed
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Trevor Cook appears to be a local boy who made good in Minneapolis, where he runs an investment fund called the Oxford Group. Along with three cohorts, Cook solicits an amazing $190 million dollars from 700 U.S. investors, many of whom heard his message through a talk radio star. The investors think their money is going into securities, but they'll be shocked to see how Trevor and his boys blow their hard-earned savings, turning a historic mansion into a den of debauchery.
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By day, Trevor Cook and his associates claim to run a $4 billion hedge fund. By night, they convert their million dollar Minnesota mansion into a lurid den of decadence.
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Minnesotan foreign currency trader Trevor Cook tries to recruit local investment banker Ty Schlobohm into his scheme. At first, Schlobohm's impressed with the plan, but does his research and soon learns that Cook and his cohorts are not who they seem.