NEW YORK, Dec 6- A federal judge on Friday rejected a last-ditch effort by consumers and travel agents to stop American Airlines and US Airways from merging next week, a move they fear would drive prices up and service down and make planes more crowded.» Read More
Disgraced financier Bernard Madoff's lawyer has asked a federal appeals court to let his client stay out of prison until sentencing. The court said it will not rule immediately.
A new report from SEC Inspector General David Kotz says the agency is not doing enough to address complaints about abusive, "naked" short selling.
The Internal Revenue Service is allowing tax relief and refunds for some investors who paid taxes on earnings from their investments with Bernard Madoff that turned out to be nonexistent.
A building materials company and its owner have appealed a $12.6 million verdict against them, alleging that a juror was posting related messages on Twitter.com while hearing the case.
Bernard Madoff pled guilty to eleven charges stemming from his alleged $64 billion Ponzi scheme today. His victims were given a chance to speak in court, though some did not in spite of their lingering questions.
Here is the text of Bernard Madoff's prepared plea allocution statement, delivered Thursday in U.S. District Court in New York
A man dubbed "the Swiss gigolo" by the German media was sentenced to six years in prison Monday for defrauding Germany's richest woman of $9 million (euro 7 million) and attempting to blackmail her for tens of millions more.
A long-running lawsuit brought by Enron investors against three financial firms over their dealings with the collapsed energy trader has been dismissed by a federal judge in Houston.
New York Attorney General Andrew Cuomo has issued subpoenas to seven top executives at Merrill Lynch -- executives who earned more than $200 million last year, according to sources familiar with the investigation.
The judge in the SEC's civil suit against Stanford Financial has recused himself after determining that "a person within the third degree of relationship" to him has "substantial holdings" managed by one of Stanford's companies.
The trustee in charge of untangling the mess brought on by the Bernard Madoff scandal told investors Friday there was no indication the disgraced financier bought securities for his clients.
The Securities and Exchange Commission obtained a court order halting an alleged Ponzi scheme by Hawaii-based Billions Coupons and its CEO Marvin R. Cooper that was targeting members of the Deaf community in the U.S. and Japan.
The head of Stanford Financial Group charged with orchestrating an $8 billion fraud tried Tuesday to get a one-way flight out of the country, a source told CNBC.
Arthur Nadel, the Florida money manager who briefly went missing last month after the six hedge funds he ran collapsed in an alleged "mini-Madoff" scheme, will remain behind bars at least awhile longer.
Federal prosecutors say disgraced Florida hedge fund manager Arthur Nadel wrote letters home while he was fleeing from authorities last month, including one telling his family he "really anticipated" being labeled a "Mini-Madoff."
The attorney for former Enron CEO Jeffrey Skilling says he will appeal to the U.S. Supreme Court, now that an appellate court has denied his request to re-hear the case.
Whistleblower Harry Markopolos, whose warnings about the Madoff scandal fell on deaf ears at the Securities and Exchange Commission for years, has provided the SEC's Inspector General with new information about an alleged "mini-Madoff" fraud that is still underway, CNBC has learned.
Hall of Fame pitcher Sandy Koufax. Actor Kevin Bacon. World Trade Center developer Larry Silverstein. All three have at least one thing in common: Their names appear on a list of several thousand clients who lost money investing with Bernard Madoff. The list has been made public in a court filing in U.S. Bankruptcy Court in Manhattan.
Hedge fund manager Arthur Nadel, arrested last week on fraud charges, has agreed to have his assets frozen.
A 47-year-old New Mexico man has been arrested on charges alleging he mailed threatening letters containing suspicious powder to banks and federal offices around the country, federal officials announced Tuesday.