Corporate Fraud

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• Buffett Won't Have to Turn Over Documents, Judge Says Wednesday, 2 Jan 2008 | 2:23 PM ET

  A federal judge overseeing the trial of four former executives at the General Re unit of Berkshire Hathaway said the reinsurer need not turn over some documents involving Berkshire Chairman Warren Buffett.

• Buffett May Not Be Witness in AIG Fraud Case Tuesday, 1 Jan 2008 | 4:15 PM ET

  Prosecutors may not call Berkshire Hathaway Chairman Warren Buffett as a witness in a criminal trial of former officers of its General Re reinsurance unit, according to a court filing.

• Court Orders Enron Prosecutors to Hand Over Notes Thursday, 20 Dec 2007 | 8:04 PM ET

  

  A three-judge panel has ordered the Justice Department's Enron Task Force to hand over notes from its interviews with former Chief Financial Officer Andy Fastow.

• Lawyers Get Big Payday in Tyco Case Thursday, 20 Dec 2007 | 12:35 PM ET

  Lawyers who won a class action suit against Tyco International and PricewaterhouseCoopers will be awarded 14.5 percent of the $3.2 billion settlement, plus nearly $29 million in expenses, a judge has ordered.

• Norwich Union Fined $2.54 Billion Monday, 17 Dec 2007 | 6:38 AM ET

  British insurance company Norwich Union was fined 1.26 million pounds (1.76 million euros; $2.54 million) on Monday for a data-protection failure that allowed criminals to cash dozens of policies held by customers.

• SEC Sues Two Former Morgan Stanley Advisors Friday, 14 Dec 2007 | 4:34 PM ET

  U.S. securities regulators sued two former financial advisers at Morgan Stanley Friday for defrauding at least 50 mutual fund companies and their shareholders.

• Ex-newspaper Mogul Black Gets 6.5 Years in Jail Monday, 10 Dec 2007 | 3:03 PM ET

  

  A judge sentenced former media mogul Conrad Black to 6-1/2 years in prison for obstructing justice and defrauding shareholders of one-time newspaper publishing giant Hollinger International.

• T. Boone Pickens' Son Gets Probation in Fraud Case Monday, 10 Dec 2007 | 1:33 PM ET

  A son of oil tycoon T. Boone Pickens was sentenced to five years of probation and ordered to take part in a substance abuse program for orchestrating a stock fraud scheme.

• SEC May Have Missed Chance to Contain Crisis: WSJ Monday, 10 Dec 2007 | 4:36 AM ET

  U.S. authorities at the Securities and Exchange Commission and the New York Attorney General's office probed mortgage securities pricing as early as 2005, perhaps missing a chance to contain the credit crisis, the Wall Street Journal reported on Monday.

• Buffett May Be Defense Witness In AIG Fraud Case Thursday, 6 Dec 2007 | 5:12 PM ET

  Billionaire investor Warren Buffett, slated to be called as a prosecution witness in the criminal fraud trial against five executives for allegedly helping American International Group inflate its reserves, may also be called as a defense witness by at least one of the defendants, CNBC has learned.

• Buffett to Testify in AIG Fraud Case Tuesday, 4 Dec 2007 | 7:12 AM ET

  Federal prosecutors intend to call billionaire investor Warren Buffett to testify against five former senior insurance executives charged with helping the American International Group to manipulate its financial statements through $500 million in phony transactions, according to court documents.

• Samsung Securities Raided by Prosecutors in Probe Thursday, 29 Nov 2007 | 10:45 PM ET

  South Korean prosecutors probing corruption at the Samsung Group raided its brokerage unit Samsung Securities on Friday and did not rule out further search and seizures at Samsung offices, an official said.

• Jury Finds No Insider Trading by Former JDSU Execs Wednesday, 28 Nov 2007 | 3:39 AM ET

  Four former executives of JDS Uniphase did not commit securities fraud or engage in insider trading when they sold more than $350 million in JDSU stock before its price plunged in 2001, a U.S. jury said Tuesday.

• Samsung Chief 'Spent Slush Funds Like His Own Money' Monday, 26 Nov 2007 | 9:43 PM ET

  Samsung chairman Lee Kun-hee spent the conglomerate’s slush funds as if they were his own money, a former senior legal advisor to the conglomerate said. Kim Yong-chul said Lee on one occasion spent $64.5 million on artworks for his wife.

• Cisco Removes Latam VP Over Brazil Fraud Case Friday, 23 Nov 2007 | 4:33 AM ET

  U.S. network-equipment maker Cisco Systems said Thursday it suspended one of its Latin American executives due to criminal accusations against him regarding the company's ongoing tax evasion case in Brazil.

• Kozlowski Conviction Upheld on Appeal Thursday, 15 Nov 2007 | 2:37 PM ET

  A New York appeals court has upheld the convictions of former Tyco International  senior executives Dennis Kozlowski and Mark Swartz, the court clerk's office said Thursday.

• Kozlowski in Jail: Washing Clothes, Teaching Math Tuesday, 13 Nov 2007 | 4:19 PM ET

  Dennis Kozlowski has gone from the pinnacle of corporate power to the prison laundry, where he is washing other inmates' clothes when he's not helping them get their high school diplomas, the disgraced Tyco CEO says in an exclusive interview with CNBC.

• Ex-CEO at Army's Body Armor Maker Arrested Thursday, 25 Oct 2007 | 5:10 PM ET

  Two former officers at a company that supplies body armor to the U.S. Army face charges they inflated the company's stock price and made nearly $200 million in the process.

• US to Seek Indictments of Ex-BP Traders: WSJ Thursday, 25 Oct 2007 | 12:44 AM ET

  The U.S. Justice Department is expected to seek indictments of up to four former BP traders as early as Thursday, the Wall Street Journal reported in its online edition.

• BP to Pay $303 Million to Settle Propane Charges Wednesday, 24 Oct 2007 | 6:37 AM ET

  Oil major BP faces fines in excess of $300 million to settle civil and criminal probes related to market manipulation charges and a Texas refinery explosion that killed 15 workers in 2005.