• Madoff Investigators May Look for Insurance Fraud Monday, 13 Dec 2010 | 7:46 PM ET
    Mark Madoff

    Mark Madoff's suicide is a tragedy.  But if he had life insurance, investigators will be looking into whether there was any funny business involved in purchasing it.

  • 'Worst Part' of Madoff Scheme Now Realized: Langone Monday, 13 Dec 2010 | 3:24 PM ET
    Mark Madoff

    Wall Street veteran Kenneth Langone said the apparent suicide of Mark Madoff, Bernard's oldest son, is the "greatest tragedy" to follow Bernard Madoff's fraud.

  • Stanford Incompetent to Stand Trial: Defense Attorney Monday, 13 Dec 2010 | 12:52 PM ET
    Allen Stanford

    The defense attorney for accused Ponzi schemer Allen Stanford says his client is not competent to stand trial next month, and he is asking for a court hearing to prove it.

  • Financier Bernard Madoff with his wife Ruth Madoff and son Mark Madoff during November 2001 in Long Island, NY.

    In addition to Mark Madoff's children being sued—three days before his suicide—by Bankruptcy Trustee Irving Picard, Mark Madoff himself was implicated in another lawsuit Picard filed on Friday.

  • Madoff Lawsuits Are Headed for Court Monday, 13 Dec 2010 | 5:31 AM ET

    With the final deadline for litigation having passed at midnight on Saturday, at least 1,000 individual civil lawsuits will now go forward to try to  recover more than $50 billion for the victims of the global Ponzi scheme orchestrated by Bernard L.Madoff. The New York Times reports.

  • Madoff’s Elder Son Found Dead in Suicide Saturday, 11 Dec 2010 | 4:12 PM ET
    Financier Bernard Madoff (R) with his sons Mark Madoff (L) and Andrew Madoff (C) during July 2001 in Montauk, NY.

    Mark Madoff, the older of Bernard L. Madoff’s two sons, was found dead in his Manhattan apartment on Saturday, the second anniversary of the day his father was arrested, the New York Times reports.

  • Cash for Clues: Law Gives Money to Whistleblowers Friday, 10 Dec 2010 | 2:01 PM ET

    Tucked within the Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into law mid-summer, are new provisions, gone largely unnoticed by many, with monetary incentives that make it easier for employees to come forward with damaging information about there employer.

  • Sonja Kohn

    The trustee seeking money for victims of Bernard L. Madoff’s fraud has sued Sonja Kohn, an Austrian banker, seeking $19.6 billion in damages and accusing her of masterminding a 23-year conspiracy that played a central role in financing the gigantic Ponzi scheme, the New York Times reports.

  • Luxist reports that billionaire Formula 1 chief Bernie Ecclestone has turned a nasty black eye from a violent mugging into an advertisement for the high-end watch he lost.

  • Bernie Madoff

    We knew immediately this was going to be the largest fraud ever, by a long shot. And it was. $18 billion. Almost ten times larger than any other Ponzi scheme. It became clear very early that the direct Madoff investors were doomed.

  • 'You Can Do Great Business Staying Clean': Siemens CEO Thursday, 9 Dec 2010 | 9:32 AM ET

    In late 2006, the German engineering giant Siemens, one of world’s largest companies, was engulfed in a corruption scandal.

  • How The Government Is Targeting a SAC Capital Trader Wednesday, 8 Dec 2010 | 1:48 PM ET

    We got new information today about how the FBI attempted to pursue Steven Cohen at SAC Capital Advisors during its ongoing investigation of insider trading.

  • Stock Trader

    So-called marketing trips by senior executives, sponsored by the big investment banks certainly not small research firms like Broadband Research are very common, and are often great trading opportunities, writes John Kinnucan.

  • Pulling Back the Curtain on Fraud Inquiries Tuesday, 7 Dec 2010 | 11:45 AM ET
    U.S. Attorney General Eric Holder

    As Attorney General Eric H. Holder Jr. promotes his crackdown on financial fraud, it’s worth looking critically at who is being singled out and why that might be. The New York Times reports.

  • HSBC Had ‘Madoff Warnings in 2001’ Tuesday, 7 Dec 2010 | 7:41 AM ET

    HSBC continued to act for funds that fed money into Bernard Madoff’s Ponzi scheme in spite of repeated warning from the bank’s own executives and outside auditors about the “baffling” and potentially fraudulent structure of the fund, according to a US lawsuit launched against the global bank. The FT reports.

  • Attorney: Stanford Too Drugged to Defend Himself Monday, 6 Dec 2010 | 10:53 PM ET
    Allen Stanford

    Newly released documents detail 12 years of fits and starts at the Securities and Exchange Commission as financier Allen Stanford was allegedly running a global Ponzi scheme.

  • Attorney General Eric Holder announced on Monday that federal authorities have charged more than 500 people as a result of what they are calling “Operation Broken Trust,” a nationwide crackdown on investment fraud.

  • Hong Kong Gold Market Hit by Sophisticated Scam Thursday, 2 Dec 2010 | 11:16 AM ET

    Hong Kong goldsmiths have been sold hundreds of ounces of fake gold this year in one of the most sophisticated scams to hit the Chinese territory’s gold market in decades.

  • Wiretaps Said to Widen Insider Trading Inquiry Tuesday, 30 Nov 2010 | 10:16 AM ET
    Wall Street sign

    Secret, court-approved wiretaps put in place more than two years ago are now being used by prosecutors in a widening inquiry of securities fraud and insider trading involving hedge funds and consultants that provide industry research, according to court documents and interviews with people close to the investigations. The New York Times reports.

  • Authorities Worldwide Clamp Down on Insider Trading Monday, 29 Nov 2010 | 6:48 AM ET

    The perception that the US takes insider trading more seriously is widely shared by traders and regulators. But that is starting to change in two critical ways. The FT reports.

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American Greed

  • "$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.

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