CNBC's Scott Cohn reports Hampshire Hotel CEO Sant Singh Chatwal pleaded guilty in a campaign scheme.» Read More
The insider trader charges against Rajat Gupta raise the question: if he leaked to Raj Rajaratnam about the Goldman-Berkshire Hathaway deal, what else might he have leaked?
The insider trading charges against a Goldman Sachs board member filed today by the Securities and Exchange Commission have been a long time in coming.
A US tax evasion investigation that has prompted charges against several Swiss bankers has expanded to include Israeli and Asian banks, according to lawyers close to the probe. The FT reports.
The Libyan government's sovereign wealth fund invested some $500 million with Stanford but the deal feel apart when the SEC charged Stanford of running a $7 billion ponzi scheme. Libya may have managed to withdraw much of its Stanford investment.
It was an incendiary allegation — and a mystery of great intrigue in the media world: After the publishing powerhouse Judith Regan was fired by HarperCollins in 2006, she claimed that a senior executive at its parent company, News Corporation, had encouraged her to lie to federal investigators two years before. The New York Times reports.
Accused Ponzi schemer Allen Stanford has joined convicted Ponzi schemer Bernard Madoff at the federal prison complex in Butner, North Carolina.
The SEC has chosen a former Altria and AOL executive to head its new Whistleblower Office, the commission said Friday. Sean McKessy will wield the new power given to the SEC under the Dodd-Frank law passed last year.
Did Bernard Madoff meet with bankruptcy trustee Irving Picard to provide vital information about allegedly "complicit" banks and hedge funds, or didn't he?
Robert McLean was a trusted financial advisor and a celebrated philanthropist, running a successful investment firm and donating millions to his favorite causes. But McLean had a dark, devastating secret.
In the last five years, the Internal Revenue Service has revoked the tax exemption of 72 groups, known as supporting organizations, that obscure philanthropies created to support specific charities. The New York Times reports.
Whistleblowers who expose fraud, corruption and other kinds of wrongdoing can be deeply religious people, whose faith gives them an identity outside their corporate life.
The death of August Busch IV's companion has provided fodder for those who see him as someone whose money and influence have protected him, the New York Times reports.
Friday, David Ganek, the man who runs the $3.5 billion hedge fund Level Global Investors, informed his investors of his plan to shut the fund down—given a lengthy government inquiry regarding the use of so called expert networks.
“Let the buyer beware” as a concept is staging a comeback as the trustee in the Madoff case argues that some investors were sophisticated enough to know it was a Ponzi scheme, the New York Times reports.
With new whistleblower rules coming to Wall Street, the industry's lobbyists have mounted a furious behind-the-scenes effort to constrain the reach of the new protections.
Two men, including a Wall Street veteran and a Minnesota trader who went undercover, explain how they worked with the IRS and FBI to expose tax fraud.
This is the story of the most successful—and least known—whistleblower operation of all time. Four men who have made a vast fortune blowing the whistle on the drug industry, forcing Big Pharma to pay the federal government over a billion dollars in settlements.
Even if you use the utmost caution, you can still be a victim of credit card fraud. We show you where your credit cards are most and risk, and what you can do to keep them safe.
Bradley Birkenfeld once lived the high life as secret Swiss banker at UBS in Geneva. Then he delivered some of the world’s best-kept secrets to the US government, expecting a great reward. And now he sits in federal prison in Pennsylvania.
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"$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.