Frank Tamayo, 41, was the middleman in what prosecutors called a three-man scheme that generated $5.6 million in illegal profits over five years, based on tips about a dozen transactions being negotiated by a prestigious New York law firm. The defendant also agreed to forfeit more than $1 million, the contents of two brokerage accounts, and a 2008 Audi Q7.» Read More
The former Goldman Sachs bond trader known as "Fabulous Fab" was found liable on six of seven counts of defrauding investors in a mortgage securities fraud case brought by the SEC.
The defense team for former Goldman Sachs trader Fabrice Tourre accused of defrauding investors in a mortgage deal six years ago rested yesterday without calling any witnesses, reports CNBC's Scott Cohn with the latest details.
The SEC had hoped to use testimony from Paolo Pellegrini to support its case against Fabrice Tourre, charged with defrauding investors, but Pellegrini testified the opposite.
Hitesh Patel, U.K. forensic partner at KPMG, discusses the U.K.'s fraud barometer, and how fraud against investors has quadrupled since the beginning of the downturn.
Jeffrey Skilling and federal prosecutors will go before a judge on Friday and ask that the former Enron CEO be released early from prison.
A federal judge limited the extent to which former Goldman Sachs VP Fabrice Tourre can argue that he was acting on the advice of company lawyers in his defense against fraud charges.
CNBC's Andrea Day reports on Rodney Watts and Courtney Dupree, who conned a bank out of millions of dollars. The pair orchestrated a scheme to defraud Amalgamated Bank and C3 Capital.
Federal prosecutors say Fredrick Douglas Scott, the founder of ACI Capital, stole his client's money.
BlackRock has bought private-equity real estate fund MGPA in a deal that boosts its presence in Asia and continental Europe.
The jeweler who made more than $1 million from allegedly illegal tips is minutes away from entering a plea, reports CNBC's Jane Wells.
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.
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.
CNBC's Scott Cohn reports the former Enron CEO may be working on an agreement to leave prison earlier than expected. And Sherron Watkins, former Enron whistleblower, reacts to the news Skilling may strike a deal.
In an exclusive report, CNBC's Scott Cohn has learned the former CEO of Enron may be getting out of prison much earlier than expected.
Under the terms of a possible agreement, Jeffrey Skilling could be getting out of prison much earlier than expected, reports CNBC's Scott Cohn. (4:29)
CNBC's Mary Thompson reports Matthew Taylor is leaving the courthouse after entering a guilty plea to one count of wire fraud, and Goldman Sachs has made a statement.
CNBC's Mary Thompson has the latest details from a statement issued by Matthew Taylor's attorney on his client's guilty plea to one count of wire fraud.
CNBC's Scott Cohn reports the details on a court decision reviving some old allegations against SAC's Steve Cohen. (1:21)
CNBC's Scott Cohn reports a U.S. appeals court has revived part of the case against SAC's Steven Cohen.
CNBC's Mary Thompson has the latest details on the surrender of Matthew Taylor to FBI agents.