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Corporate Fraud

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  • In India, Clues Unfold to a Fraud’s Framework Tuesday, 27 Jan 2009 | 11:38 AM ET
  • Long Island Investment Firm Boss Surrenders Tuesday, 27 Jan 2009 | 8:29 AM ET
    Nicholas Cosmo

    The owner of a Long Island investment firm accused of cheating people out of more than $100 million is expected to appear in court Tuesday.

  • They've Got an Uphill Battle Monday, 26 Jan 2009 | 7:41 PM ET

    The theme for the World Economic Forum this year is "Restoring Trust, Rebuilding Confidence." It ain't gonna be an easy sell.

  • Madoff Layoff Includes Legitimate Employees: Report Friday, 23 Jan 2009 | 1:25 PM ET
    Bernie Madoff

    Several dozen employees, who work in the legitimate branch of Bernard Madoff's firm, are being laid off, according to The Wall Street Journal.

  • Skilling Appeals 2006 Conviction to Circuit Court Tuesday, 20 Jan 2009 | 12:19 PM ET
    Former Enron CEO Jeff Skilling (AP Photo/David J. Phillip)

    Former Enron CEO Jeffrey Skilling, whose 2006 convictions were upheld by a three-judge appelate panel earlier this month, is appealing that decision to the full Fifth Circuit Court of Appeals.

  • Madoffs Shared Much; Question Is How Much? Thursday, 15 Jan 2009 | 11:41 AM ET

    The New York Times asks whether Ruth Madoff knew of her husband's scheme.

  • An Image of Satyam's Swandive Thursday, 8 Jan 2009 | 6:16 PM ET

    Earlier this week, a reader of my India market newsletter asked if I could analyze Satyam Computer Services. I prepared these notes based on the weekly and the daily chart. On Thursday morning, I returned from Beijing to find the same stock was front page news. These are the notes prepared three days before the breaking news.

  • Analyze This: The Fundamentals or Charts? Thursday, 8 Jan 2009 | 2:10 AM ET

    In these turbulent times, how can investors navigate their way through the global markets? Is it possible to chart your way through recessionary waters or can you rely on basic fundamental analysis? We ask two experts for their takes on this.

  • Major Indian Company Named for Truth Admits Fraud Wednesday, 7 Jan 2009 | 10:06 AM ET
    India, India Flag

    The chairman of India's Satyam Computer Services Ltd. quit Wednesday after admitting the company's profits had been doctored for several years, shaking faith in the country's corporate giants as shares of the software services provider plunged nearly 80 percent.

  • Russian Oligarchs Also Duped by Madoff: Report Wednesday, 7 Jan 2009 | 4:58 AM ET
    Bernie Madoff

    The woman who pulled in European money for Bernie Madoff has disappeared from view, the New York Times reports.

  • Skilling Convictions Upheld, Resentencing Ordered Tuesday, 6 Jan 2009 | 5:30 PM ET

    A U.S. appeals court upheld the 19 felony convictions of former Enron President and Chief Executive Jeffrey Skilling but said he must be resentenced.

  • Thousands of Claim Forms Sent to Madoff Customers Monday, 5 Jan 2009 | 12:58 PM ET
    Bernard L. Madoff

    More than 8,000 forms have been mailed to customers of accused swindler Bernard Madoff so they can make claims by March or July for any money they may have lost, the trustee overseeing the liquidation of Madoff's firm said on Monday.

  • Madoff and Me Monday, 5 Jan 2009 | 11:21 AM ET

    The victims of Bernard L. Madoff's fraud includes no small number of boldface names and institutional investors. But a number of average-Joe investors have discovered that they, too, had money invested with Madoff. Portfolio.com has one man's story.

  • Madoff Spotlight Turns to Role of Offshore Funds Wednesday, 31 Dec 2008 | 4:10 AM ET

    The investigations into Bernard L. Madoff are expanding into offshore tax havens, the New York Times reported.

  • Madoff Trustee Gets $28 Million for Liquidation Costs Tuesday, 30 Dec 2008 | 11:47 AM ET
    Bernie Madoff

    U.S. Bankruptcy Judge Burton Lifland on Tuesday approved the transfer of $28.1 million to cover expenses tied to the liquidation of Bernard Madoff's investment firm.

  • Top Ten Warren Buffett Watch Posts of 2008 Tuesday, 30 Dec 2008 | 11:05 AM ET

    Along with predictions, the approach of a new year also compels us journalist-types to compile Top 10 lists.   This year, Warren Buffett Watch presents the ten most popular posts from 2008, as measured by your clicks.

  • Unlikely Player Pulled Into Madoff Swirl Friday, 19 Dec 2008 | 11:53 AM ET
    Bernard Madoff

    Eric Swanson received a startling call last Thursday from his wife, Shana D. Madoff, who said that something was terribly wrong. Officials from the Securities and Exchange Commission and the Justice Department had swooped down on the offices of Madoff Investment Securities, where Ms. Madoff was the compliance lawyer, seizing records and asking pointed questions as they began investigating one of the largest frauds in Wall Street history.

  • Warren Buffett, right, chairman of Berkshire Hathawy Inc., speaks to the media while Ron Ferguson, chairman and chief executive officer of General Re, listens in New York on Friday, June 19, 1998. Berkshire Hathaway Inc. is buying General Re for $22 billion worth of stock, adding one of the world's leading insurers of insurance companies to its portfolio. Berkshire announced Friday after the stock market closed that it would let General Re operate independently of its other insurance operations,

    The former chief executive of General Re was sentenced today to two years in prison and fined $200,000 by a federal judge in Hartford, Connecticut.  66-year-old Ronald Ferguson was convicted in February of participating in a secret scheme with other Gen Re executives and an AIG official to make AIG's financial picture look better than it really was back in 2000 and 2001. General Re is a subsidiary of Warren Buffett's Berkshire Hathaway. AIG was Gen Re's client at the time.

  • SEC Confirms Internal Investigation of Madoff Case Tuesday, 16 Dec 2008 | 5:57 PM ET
    Bernard Madoff

    Securities and Exchange Commission Chairman Christopher Cox has asked the agency's inspector general to investigate the SEC's conduct with regard to the alleged Ponzi-scheme linked to money manager Bernard Madoff, CNBC has learned.

  • Web Extra: Madoff Rant Monday, 15 Dec 2008 | 7:01 PM ET

    Find out why hedge fund manager Karen Finerman thinks the alleged Madoff Ponzi scam could have severe consequences for a long time to come!