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Investment Fraud

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  • 'Fabulous Fab' found liable in mortgage-fraud case Thursday, 1 Aug 2013 | 3:31 PM ET
    Former Goldman Sachs bond trader Fabrice Tourre arrives at Manhattan federal court with his lawyers in the civil fraud case against him, in New York, August 1, 2013.

    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.

  • Defense rests in 'Fabulous Fab' trial     Tuesday, 30 Jul 2013 | 8:52 AM ET

    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.

  • SEC wages battle against its own witness Thursday, 18 Jul 2013 | 12:21 PM ET
    Paolo Pellegrini's combative testimony was not what the S.E.C was looking for.

    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.

  • Investor Fraud Keeps Rising: Pro     Friday, 5 Jul 2013 | 11:35 AM ET

    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.

  • Former Enron CEO to Ask for Early Prison Release Thursday, 20 Jun 2013 | 9:45 AM ET
    Former Enron Chief Executive Jeffrey Skilling

    Jeffrey Skilling and federal prosecutors will go before a judge on Friday and ask that the former Enron CEO be released early from prison.

  • Judge Limits Ex-Goldman Sachs Exec's Defense Wednesday, 19 Jun 2013 | 3:01 PM ET

    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.

  • Crime & Punishment: $21 Million Fraud     Thursday, 13 Jun 2013 | 1:27 PM ET

    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.

  • Hedge Boss Preying on African-Americans Arrested Wednesday, 5 Jun 2013 | 1:53 PM ET
    Fredrick Scott posted photos on his website of himself with the former Knicks star Patrick Ewing.

    Federal prosecutors say Fredrick Douglas Scott, the founder of ACI Capital, stole his client's money.

  • BlackRock Buys MGPA, Creating $25 Billion Fund Tuesday, 21 May 2013 | 8:26 AM ET
    BlackRock Inc. headquarters in New York City.

    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.

  • 'My Father Is Dead to Me': Son of Peregrine Thief Thursday, 9 May 2013 | 10:01 AM ET
    Russell Wasendorf Sr., Former CEO of Peregrine Financial Group.

    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.

  • Enron's Skilling in Deal to Exit Prison in 2017 Wednesday, 8 May 2013 | 2:20 PM ET
    Former Enron CEO, Jeff Skilling (L), and his attorney, Daniel Petrocelli.

    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.

  • Enron Whistleblower Speaks to CNBC     Thursday, 4 Apr 2013 | 11:11 AM ET

    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.

  • Possible Deal in the Works For Enron's Skilling     Thursday, 4 Apr 2013 | 10:08 AM ET

    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.

  • Former Enron CEO May Leave Prison Early     Thursday, 4 Apr 2013 | 9:18 AM ET

    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)

  • Goldman Sachs Statement on Ex-Goldman Trader     Wednesday, 3 Apr 2013 | 1:01 PM ET

    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.

  • Ex-Goldman Trader Pleads Guilty to Wire Fraud     Wednesday, 3 Apr 2013 | 11:43 AM ET

    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.

  • New Life For SAC's Cohen's Old Problems     Wednesday, 3 Apr 2013 | 10:45 AM ET

    CNBC's Scott Cohn reports the details on a court decision reviving some old allegations against SAC's Steve Cohen. (1:21)

  • Steven Cohen Returns to Court     Wednesday, 3 Apr 2013 | 9:48 AM ET

    CNBC's Scott Cohn reports a U.S. appeals court has revived part of the case against SAC's Steven Cohen.

  • Ex-Goldman Trader Arrested     Wednesday, 3 Apr 2013 | 9:19 AM ET

    CNBC's Mary Thompson has the latest details on the surrender of Matthew Taylor to FBI agents.