GO
Loading...

Corporate Fraud

More

  • Alleged Swindler Nadel Agrees to Freezing of Assets Wednesday, 4 Feb 2009 | 5:35 PM ET
    Arthur Nadel

    Hedge fund manager Arthur Nadel, arrested last week on fraud charges, has agreed to have his assets frozen.

  • Mini-Madoff Denied Bail for Now Thursday, 29 Jan 2009 | 9:05 PM ET

    Nicholas Cosmo, the Long Island man accused of running a $370 million dollar Ponzi scheme, remains jailed following a bail hearing today.

  • Madoff's Apartment Gets Changing of the Guard Thursday, 29 Jan 2009 | 2:42 PM ET
    Bernie Madoff

    As Bernard Madoff awaits his fate inside his Manhattan penthouse, he is getting a new crew to keep him safe.

  • JPMorgan Exited Madoff-Linked Funds Last Fall Thursday, 29 Jan 2009 | 11:15 AM ET

    JPMorgan Chase says that its potential losses related to Bernard L. Madoff, the man accused of engineering an immense global Ponzi scheme, are “pretty close to zero.” But what some angry European investors want to know is when the bank cut its exposure to Mr. Madoff — and why, the New York Times reports.

  • Troubled Times Bring Mini-Madoffs to Light Wednesday, 28 Jan 2009 | 12:19 PM ET

    The number of people who have been caught running Ponzi schemes in recent weeks is adding up quickly, so much so that they have earned themselves a nickname: mini-Madoffs. The New York Times reports.

  • Accused Swindler Cosmo Owed Thousands to Mob Tuesday, 27 Jan 2009 | 4:12 PM ET
    Nicholas Cosmo

    Accused Ponzi-schemer Nicholas Cosmo onced owed tens of thousands of dollars in gambling debt to the Genovese crime family, the latest twist in a scheme federal authorities believed bilked small investors out of $370 million, according to people with knowledge of the matter.

  • Former AIG Exec Slapped with Four-Year Sentence Tuesday, 27 Jan 2009 | 2:36 PM ET
    AIG

    A former executive of American International Group has been sentenced to four years in prison in a fraud case that authorities say cost shareholders more than $500 million.

  • 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.