CNBC's Scott Cohn looks back at the Bernie Madoff ponzi scheme and reports on the latest efforts to recoup the lost assets of his victims.» Read More
Security officials are warning the leaders of major Wall Street banks that al Qaeda terrorists in Yemen may be trying to plan attacks against those financial institutions or their leading executives, NBCNewYork has learned.
Faced with yawning budget gaps and high unemployment, California, Michigan, New York and several other states are attacking both problems with a surprising strategy: helping ex-convicts find jobs to keep them from ending up back in prison. The New York Times reports.
To deal with that dangerous climate in Mexico, the demand for bullet-proof clothing has risen. And well-off Mexicans, including many corporate executives, are shelling out cash to have brand-new vehicles retrofitted with bullet-proof materials that can ward off the spray from assault rifles.
The individuals and companies whose offshore account information may be detailed in Swiss banking documents disclosed to WikiLeaks could face American prosecutors — or go untouched, senior tax lawyers said on Tuesday. The New York Times reports.
Despite an international effort to ensure safe passage through the world’s most treacherous waters, pirates escalated their attacks in 2010 for the fourth straight year, striking more ships and taking more hostages last year than in any year on record, according to an annual report on piracy, the New York Times reports.
Going through one of the worst economic sagas in US history has thrown the country into two types of depressed states: a financial one and a psychological one. It is time to discuss a major systemic overhaul that might require another costly, but equally merited, “bailout” from Washington—one we can’t afford and can’t afford to live without.
In a new classified report to Congress, US intelligence officials reveal that they have seen more than a dozen allegations in three years of misconduct by American intelligence community employees who were moonlighting at outside jobs.
Taking issue with FDIC Chairman Sheila Bair, the new Republican head of the House Financial Services Committee told CNBC Thursday that the Dodd-Frank financial overhaul law actually creates more uncertainty—not less.
Jared L. Loughner, his head shaved bare and his hands and feet in restraints, was led Monday into a federal courtroom, where he agreed not to contest his continued imprisonment but offered no hint of how he would respond to the murder and attempted murder charges linking him to the Tucson shootings that left six dead and 14 injured. The New York Times reports.
Tom DeLay—the former Republican Majority Leader of the US House of Representatives — has been sentenced to three years in prison.
Prosecutors charged Jared L. Loughner, a troubled 22-year-old college dropout, with five federal counts on Sunday, including the attempted assassination of a member of Congress, in connection with a shooting rampage on Saturday morning that left six people dead and 14 wounded.
Sometimes its good to remember that there are real villains in the world. On Thursday, the SEC fined one villain named Paul George Chironis and barred him from acting a stockbroker for life.
R. Allen Stanford, the Texas financier accused of defrauding investors in a $7 billion Ponzi scheme, has become addicted to antianxiety medication while in federal detention. The New York Times reports.
Could a small Manhattan hedge fund be keeping the fact that it was raided by federal agents a secret from investors?
The judge in the upcoming criminal trial of accused Ponzi schemer Allen Stanford has set a hearing for next Thursday on Stanford's motion to delay the trial, which is scheduled to begin January 24.
Many financial firms, eager to avoid the whiff of scandal, have suspended or pulled back on the use of expert networks, the New York Times reports.
Julian Assange has signed book deals worth more than £1 million ($1.5 million) in the US and UK, to allow the WikiLeaks founder to cover his legal fees and maintain the whistleblowing site, reports the Financial Times.
Judgement day for some Madoff family members, a growing backlash over corporate crime and the financial crisis becomes a distant memory.
Federal prosecutors asked for the exam after Stanford's court-appointed attorney argued the Texas financier is too heavily medicated to assist in his own defense at a criminal trial scheduled for next month.
the New York Times reports.
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.
Jack Utsick, a concert promoter, flees when the SEC accuses him of running a $300 million investment fraud.