Corporate Fraud
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Martin Kanefsky, who was the chief of the now-defunct Kane Capital Strategies Inc, pleaded guilty in April 2010 to fraud and conspiracy charges related to his role in a scheme to manipulate bids for investment agreements and municipal finance contracts. Among those convicted were bankers who worked at General Electric Co, UBS AG, JPMorgan Chase& Co.
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Martin Kanefsky, who was the chief of the now-defunct Kane Capital Strategies Inc, pleaded guilty in April 2010 to fraud and conspiracy charges related to his role in manipulating bids by others from 1999 to 2006.. Among those convicted were bankers who worked at General Electric Co, UBS AG, JPMorgan Chase& Co.
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NEWARK, N.J.-- In early 2012, the three men were making an attractive offer: the opportunity to purchase Facebook Inc. stock just as the company was expected to go public. Federal prosecutors charged Aaron Muschel, 63, of Brooklyn; and Alex Schleider, 47, and Eliyahu Weinstein, 37, both of Lakewood, N.J., with wire fraud conspiracy.
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NEW YORK, May 14- Goldman Sachs Group Inc won dismissal on Tuesday of fraud claims brought by a bond insurer over a CDO tied to subprime mortgage securities called Abacus.
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The Bank of England has commented on the Bloomberg breach. CNBC's Steve Liesman has the details.
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NEW YORK, May 14- A New York appeals court dismissed a case against Goldman Sachs Group Inc brought by a bond insurer who claimed it was fraudulently induced to insure the bank's Abacus product tied to subprime mortgages.
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KANSAS CITY, Mo.-- Three weeks after the start of a securities fraud trial involving a Kansas City company whose leaders are accused of bilking unsophisticated investors out of millions of dollars, closing arguments that were supposed to begin Monday were pushed back a day because of problems with jury instructions.
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The jeweler who made more than $1 million from allegedly illegal tips is minutes away from entering a plea, reports CNBC's Jane Wells.
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DUBAI, May 10- A Middle Eastern bank that fell victim to a major cyber fraud said on Friday that none of its customers had lost any money in a scam which it believed had also caught up lenders in the United States and beyond.
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DUBAI, May 10- National Bank of Ras Al Khaimah said on Friday that none of its customers had lost any money as a result of a cyber fraud which resulted in a loss at the Gulf bank in 2012..
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Russell Wasendorf Jr., whose father went to prison for stealing $215 million from clients of the Peregrine Financial Group, has pleaded innocent and is attempting to start over.
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A new survey from Ernst and Young shows bribes and manipulation are not unusual in company reports, with David Stulb, Ernst & Young.
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Former Enron CEO Jeffrey Skilling would be out of prison in 2017—more than 10 years early—under a proposed sentencing agreement submitted to a judge in Houston.
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Former Enron CEO Skilling will be out of prison in 2017 under a new deal. CNBC's Scott Cohn reports what Skilling's attorney and the DOJ said about the deal.
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Former Enron CEO Skilling will be out of prison in 2017 under a new deal, reports CNBC's Scott Cohn.
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Federal authorities alleged two of the defendants, who have ties to a New York broker-dealer, bribed the official to secure the bond trading business of Venezuela's state economic development bank.
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Federal authorities alleged two of the defendants, who have ties to a New York broker-dealer, bribed the official to secure the bond trading business of Venezuela's state economic development bank.
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*Bank of America to defend against remaining claims. May 7- American International Group Inc may pursue a lawsuit accusing Bank of America Corp's Countrywide unit of causing billions of dollars of losses by fraudulently inducing it to buy risky residential mortgage-backed securities.
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NEW YORK, May 7- Goldman Sachs Group Inc must face fraud claims brought by CIFG Assurance North America. The New York State Supreme Court's Appellate Division, First Department, reversed on Tuesday, finding that CIFG had done enough by having an outside consultant analyze the loans.
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NEW YORK, May 7- Federal authorities announced fraud charges against a debt settlement company on Tuesday, in the first criminal case based on work by the new U.S. Consumer Financial Protection Bureau.