CNBC's Scott Cohn reports Hampshire Hotel CEO Sant Singh Chatwal pleaded guilty in a campaign scheme.» Read More
Accused Ponzi mastermind Allen Stanford, who is scheduled to go on trial in two weeks on charges he ran a $7 billion scam, says the case should be dismissed because his constitutional rights were violated.
Home to some breathtaking landscape, New Zealand is also host to violent gangs. But some groups are now trying to re-brand themselves and set a possible example worldwide.
The judge overseeing the trial of financier Allen Stanford has ordered the trial to go forward on January 23, denying a defense move to delay the case until late April.
Federal prosecutors say a bid by accused Ponzi mastermind Allen Stanford to delay his criminal trial until late April ignores the interests of thousands of investors in the alleged $7 billion scam.
Now that a judge has ruled accused Ponzi mastermind R. Allen Stanford competent to stand trial, his defense team has moved on to plan "B": a bid to delay the trial by three months.
Thirty-three people were arrested by United States Immigration and Customs Enforcement for selling low-end counterfeit goods, signaling the low-cost demand of a bleak economy, the New York Times reports.
In court papers filed Friday, accused ponzi schemer Allen Stanford's court-appointed attorney said he will call on two neurologists, a neuropsychologist, a forensic psychiatrist, a medical doctor and a staff psychiatrist to testify at a hearing on whether Stanford is competent to stand trial.
Federal prosecutors say accused Ponzi schemer R. Allen Stanford appears to be "faking" memory loss in order to avoid his criminal trial scheduled for next month.
Here are 10 pricey pieces that have made foes – and pocket books – tremble.
Because most pirate sites are abroad, beyond the reach of United States law enforcement, companies have been left with a Whac-a-Mole approach to shutting them down. The New York Times reports.
China is stealing online information from the United States and feeding the data to homegrown companies, said Michael Hayden, Former Director of the Central Intelligence Agency at the Black Hat Technical Security Conference in Abu Dhabi on Wednesday.
For those he ensnared, the Madoff story drags on. It began three years ago today, when F.B.I. agents arrested a man who, to the world, was a wizard of Wall Street, but he soon confessed to a Ponzi scheme, the New York Times reports.
The surveillance images show Dominique Strauss-Kahn striding from an elevator at the Sofitel New York and also captured on tape, some curious images: two hotel workers appear to share a brief celebratory embrace and dance, the New York Times reports.
The agency that insures U.S. brokerage accounts has again rebuffed demands it provide coverage to investors in Allen Stanford's alleged $7 billion Ponzi scheme, making it increasingly likely the issue is headed to court.
Criminal charges are likely involving MF Global, the bankrupt broker-dealer that went bust due to bets it made on European debt, outgoing Commodity Futures Trading Commission head Bart Chilton told CNBC.
When Enron filed for bankruptcy on December 2, 2001—at the time the largest bankruptcy in U.S. history—the once high-flying energy company cemented its reputation as the very symbol of corporate fraud. Its top executives, including Chairman Ken Lay, CEO Jeffrey Skilling and Chief Financial Officer Andy Fastow became household names, and the term “Enron accounting” joined the business and political lexicons.
Shoplifting is an ever-present concern for retailers but with increased traffic and less attention on shoppers during the holidays, retail theft becomes an even bigger problem. What's being stolen? "The things that you and I want most," according to one expert.
Add health care fraud to ponzi schemes and insider trading at the top of the list of wrongdoing in the financial world.
One of the first casualties of the Enron scandal was its accounting firm, Arthur Andersen LLP, accused of obstructing the investigation of Enron by destroying documents.
The federal judge overseeing the civil and criminal insider trading cases against former Goldman Sachs board member Rajat Gupta has put much of the civil case on hold, in a victory for prosecutors.
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"$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.