NEW YORK, March 13- A U.S. judge wrestled on Thursday with a U.S. Justice Department request that Bank of America Corp pay $2.1 billion in penalties after being found liable for fraud over defective mortgages sold by its Countrywide unit.» Read More
NEW YORK, Jan 23- A man suspected of fraudulently collecting money from investors to buy shares in big-name private companies was arrested on Thursday after failing to respond to subpoenas, the U.S. Securities and Exchange Commission said.
Jan 23- The Justice Department has accused United States Investigations Services, the private firm that also vetted Edward Snowden before he leaked documents about U.S. spying efforts, of bilking millions of dollars through improper background checks, a court filing showed.
In papers filed Tuesday night with the U.S. District Court in Manhattan, Tourre said the U.S. Securities and Exchange Commission was not justified in demanding that he pay $1.15 million, including a $910,000 fine, as punishment.
NEW YORK, Jan 21- David Blech, once dubbed the "King of Biotech", failed to persuade a U.S. appeals court to throw out his four-year prison term for securities fraud on the ground that his sentencing judge was biased.
Jan 17- Hewlett-Packard Co said on Friday it has made decisions on how to address shareholders' securities fraud claims over its $8.8 billion writedown for its purchase of British software company Autonomy Plc, but wants six more weeks to decide what legal course to pursue.
Martin Ferenczi, Oberthur Technologies CEO, explains how EMV technology helps safeguard consumers from credit card fraud.
NEW HAVEN, Conn., Jan 10- A former Jefferies Group Inc managing director accused of cheating clients and the government on mortgage securities after the 2008 financial crisis failed to persuade a federal judge to keep jurors from being told that "taxpayers" were victims of his alleged fraud.
Former SAC trader Mathew Martoma forged a Harvard transcript, falsified an email and created a dummy forensic computing company to try to cover his tracks, according to a court document.
Jan 9- San Francisco- based snack food company Diamond Foods Inc will pay $5 million to settle civil charges that the company and two former top executives misled investors by lying about walnut costs to boost earnings, U.S. regulators said Thursday.
CNBC's Scott Cohn reports former Enron CEO Jeff Skilling has been moved to a minimum security prison in Montgomery, Alabama.
*Louis Schaufele to pay $498,693 in final SEC settlement. The SEC accused the Wylys, who were large donors to charitable and conservative causes, of creating a series of offshore trusts to hide stock sales from 1992 and 2004 in four companies they founded or where they sat on the board.
NEW YORK, Jan 7- JPMorgan Chase& Co agreed to pay $2.6 billion to the U.S. government and Bernard Madoff victims to settle allegations that the bank failed to tell authorities about its suspicions of fraud at Madoff's fund.
CNBC's Josh Lipton reports on the HT Growth Fund, which plans to raise $100 million over the next two years for the legal marijuana market.
Discussing news many retired police officers and firefighters are facing fraud for going on disability after 9/11, with James Pethokoukis, American Enterprise Institute, and Jared Bernstein, Center on Budget and Policy Priorities.
Retired New York City police and firefighters are being charged in a scam to defraud Social Security. More than 100 have been arrested, reports CNBC's Andrea Day.
Retired New York City police and firefighters are being charged in a scam to defraud social security. More than 100 have been arrested. CNBC's Andrea Day reports.
Stacey Widlitz of SW Retail Advisors and James Lyne, director of technology strategy at Sophos, discuss the ease with which encryption can be broken and how Target can reassure consumers.
MOSCOW, Dec 26- A Russian court has ordered the arrest of Sergei Pugachev, owner of insolvent French luxury goods retailer Hediard, as part of a fraud investigation, Russian business daily Kommersant reported on Thursday.
CNBC's Kayla Tausche reports how banks are responding to Target's security breach and what measures they are rolling out to protect customers. Some banks will overnight clients a new credit card free of charge.
BOSTON, Dec 22- The massive data breach disclosed by retailer Target Corp last week is likely to teach its U.S. customers a painful lesson in payment card security and build support for an anti-fraud technology now sitting on the shelf. The delay may prove costly to Target's U.S. customers.