CNBC's Scott Cohn reports Hampshire Hotel CEO Sant Singh Chatwal pleaded guilty in a campaign scheme.» Read More
Late last month, LulzSec announced that it was disbanding, and that its members would continue their activities under other banners. But the F.B.I. and other agencies are continuing their pursuit, the New York Times reports.
Warren Buffett famously said: "It takes 20 years to build a reputation and five minutes to ruin it."
Yesterday afternoon at 4 o'clock, we dialed Paris. We spoke for an hour with the person that every journalist tried to contact when Dominique Strauss-Kahn was arrested in New York: his biographer.
Businesses in Hawaii, New Hampshire, and Vermont can rest easy knowing their workers enjoy the best quality of life. Not so for Delaware, Louisiana, and Alabama, which ranked last this year.
Videogame makers won a victory at the U.S. Supreme Court today, lifting the threat of a potential crackdown that's been looming over the industry since 2005.
Newly unsealed court documents obtained by CNBC allege the Libyan government knew Allen Stanford was running a scam when officials withdrew tens of millions of dollars in Stanford investments in 2008 and early 2009.
Lenny Dykstra sits in a Los Angeles County jail, unable to make $500,000 bail as he faces state charges including grand theft auto and drug possession. He's also facing federal charges of bankruptcy fraud.
James (Whitey) Bulger, a legendary Boston crime boss indicted in 19 murders and who is on the F.B.I.’s 10 Most Wanted list, was arrested by federal authorities Wednesday night in Santa Monica, the New York Times reports.
How widespread is insider trading? According to the man who headed up the government's deep probe into insider trading, it is everywhere.
Tobey Maguire and other celebs are being sued by a group of hedge fund investors, who say Maguire and others won cash in an illegal poker ring, which belongs to them.
Bernie Madoff's yacht is being offered for sale with a $4.3 million pricetag this week at the Gaim conference, one of the European hedge fund industry’s most glamorous annual events, the Financial Times reports.
A British teenager has been arrested by officers investigating the LulzSec and Anonymous hacker groups, believed to be responsible for attacks on Sony, the U.S. Senate, the CIA, Britain's Serious Organised Crime Agency and News Corp.
As the St Petersburg International Economic Forum wrapped up over the weekend, the business leaders and investors who flew into Russia to see President Medvedev outline his vision for attracting foreign investment into the resource-rich former super power were hopeful that reform is finally on the way, but sceptical that the Russian leadership will finally deliver on its promises to create a more business friendly environment.
Dmitry Medvedev has made clear he would like a second term as Russian president but said he and prime minister Vladimir Putin would not run against each other next year, he told the FT.
The court-appointed receiver who is recovering assets for investors in Allen Stanford's alleged Ponzi scheme is demanding that Libya's sovereign wealth funds return millions of dollars they somehow managed to withdraw just before the firm blew up in 2009, CNBC has learned.
Russia and China are the most attractive BRIC countries at the moment, according to Jim O’Neill, Chairman of Goldman Sachs Asset Management.
Can a chief executive learn anything from a contract killer? Louis Ferrante believes so. He served eight-and-a-half years in prison for crimes he committed as part of New York’s Gambino family, and is convinced that the Mafia offers useful lessons for entrepreneurs and even middle managers, the FT reports.
The level of suspicious trading ahead of UK mergers and acquisitions fell sharply last year to 21 percent, the lowest level since 2003, as regulators around the world intensified efforts to combat insider trading, the FT reported.
The International Monetary Fund was hit recently by what computer experts describe as a large and sophisticated cyberattack , the New York Times reports.
The founder Muddy Waters Research issued a scathing report on a Chinese forestry company, calling it a “pump and dump” scheme that has been “aggressively committing fraud," the New York Times reports.
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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.