Former Goldman Sachs banker Elias Preko was sentenced to 4-1/2 years in prison by a London court on Monday for laundering.» Read More
Tips for cultivating marijuana. Testimonials by patients about its medical benefits. Cannabis cooking lessons. Even citations for award-winning strains of pot. Viewers here can now watch, every week, what amounts to a pro-weed news program.
Casinos and lotteries in most states are reporting a downturn in revenue for the first time, resulting in a drop in the money collected by state and local governments, according to new state data.
Convicted swindler Bernard Madoff knew how to deal with pesky Securities and Exchange Commission investigators, and in a 2005 phone conversation caught on tape and obtained by CNBC, he tells associates his secret.
A recent court ruling that forced two ratings companies to defend fraud claims is a "game-changer" for the industry, said David Einhorn, head of Greenlight Capital.
The American Academy of Actuaries, the public face of a behind-the-scenes profession, is in disarray after quietly sacking its incoming president, then trying to conceal both his ouster and an unpleasant secret from his past.
Chinese authorities say the arrests of numerous business executives are part of an anticorruption campaign. But analysts say they're the outgrowth of power struggles within the Communist Party to weaken rivals and their corporate supporters.
A global crackdown on bank secrecy and offshore tax havens is gaining steam due to the worldwide financial crisis, the head of the OECD told CNBC.
Dozens of financial advisors for the defunct Stanford Financial Group, which sold millions of dollars worth of allegedly fraudulent certificates of deposit to unsuspecting customers, were added to a federal lawsuit by the court-appointed Receiver in the case.
Securities and Exchange Commission Inspector General David Kotz has issued his long-awaited report on how the agency missed the Bernard Madoff Ponzi scheme.
The publicity of an investigation of more than 4,000 overseas bank accounts will likely arouse suspicion among many exes, leading to the reopening of a number of divorce cases. But cheated spouses don't have to wait for IRS notification to confront their suspicions.
R. Allen Stanford’s relationship with the chief regulator of his Antigua bank was closer than most. At a meeting in 2003, they became blood brothers, cutting their wrists and mixing their blood in a “brotherhood ceremony” that Mr. Stanford’s chief financial officer said promoted an elaborate scheme to hide a multibillion-dollar fraud from American and other regulators.
The chief financial officer of accused swindler Allen Stanford entered a guilty plea on Thursday in a $7 billion fraud case as Stanford was rushed to the hospital with a rapid heart rate.
Fed Chairman Ben Bernanke is one of hundreds of victims of an identity-fraud ring, according to Newsweek magazine.
Accused fraudster Allen Stanford must remain in jail pending his trial, a federal appeals court said Monday. A federal judge in Houston ruled in June that Stanford, indicted on 21 criminal counts in an alleged $8 billion dollars, was a flight risk.
Stanford investors are suing five banks, including two in the US, that handled billions of dollars in customer deposits for Stanford International Bank in Antigua, the offshore bank at the heart of the alleged Ponzi scheme.
Late Tuesday, a federal appeals court, without explanation, denied Allen Stanford's petition to remove U.S. District Judge David Hittner from his criminal case.
The industry self-regulatory organization that was supposed to police the brokers at the Stanford Financial Group acknowledges it received a tip from an employee in 2003 that the company was running a Ponzi scheme, but did not follow up on it because of the agency's own policy.
Several banks, including two in the U.S., face new scrutiny as investors and regulators try to sort out the alleged Stanford Ponzi scheme, CNBC has learned. At issue: what the banks and regulators knew about massive deposits and withdrawals from Stanford over the years.
Citing "unexplained hostility" by the judge in his criminal case, accused fraudster Allen Stanford is asking for a new judge.