Investment Fraud
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As hedge funds become a dominant force in the investing universe, directorship services have grown into a big business on the Cayman Islands. And because of a quirk in the island’s tax code, these funds must appoint a board, the New York Times reports.
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Discussing the resignation of Marcus Agius, Barclays' CEO, less than a week after the British bank agreed to pay $450 million in fines for its role in fixing interest rate prices, with Gary Gensler, Commodity Futures Trading Commission chairman.
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CNBC's Mary Thompson reports the latest details on the arrest and guilty plea from Peter Madoff, the brother of Ponzi schemer, Bernie Madoff.
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CNBC's Mary Thompson reports the latest details on the Madoff Ponzi scheme.
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Peter Madoff, the younger brother of Ponzi schemer Bernie Madoff, is expected to plead guilty later today to securities fraud for his role in the Madoff Ponzi scheme, reports CNBC's Mary Thompson.
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While not every one of these Wall Street jailbirds had offices in downtown Manhattan, they all dealt in the financial world. Click ahead to see those who have traded in their pinstripes for prison stripes.
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Shawn Merriman was head of an investment firm and lay bishop in the Mormon church who persuaded friends, family, and church members to invest with him. It turned out to be a big scam, taking in more than $21 million. Among victims: his own mother.
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The markets jump on reports central banks are putting plans in place to prepare for the Greek elections; UK bankers say they will take whatever steps necessary to protect their currency; the video game industry continues its free fall; Allen Stanford is sentenced to 110 years in jail.
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The federal agency is aggressively responding to a series of what it sees as hostile attempts by private sector firms to access its website at times when market-moving economic data are released to the public.
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U.S. authorities are ratcheting up their investigation of residential mortgage-backed securities — the bundles of mortgages that were at the heart of the 2008 financial crisis. And they are appealing to the public for help.
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RIchard Holwell, Holwell Shuster & Goldberg partner, provides his perspective on the upcoming insider trading trial of former Goldman Sach's director, Rjjat K. Gupta.
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The Securities and Exchange Commission has been getting tougher on insider trading on Wall Street, but its potential target may be too wide, The New York Times reports.
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The investigation into the $300 million art heist from a Boston museum in 1990 has heated up after authorities searched the house of a mob suspect. The Gardner Museum is offering a $5 million reward.
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The FBI launches a campaign to have the public help catch corporate spies. CNBC's Eamon Javers reports the details.
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How some gangs are moving beyond drugs and street crimes and into financial crimes like mortgage fraud.
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Conrad Black is released from prison after serving nearly half of his original six-year sentence for defrauding investors.
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Scam artist Nicholas Cosmo says even as his latest scheme was imploding and putting the life savings of 4,000 people at risk, he thought he was “helping people.”
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According to a 2011 Federal Bureau of Investigation report, securities and commodities fraud investigations have increased by more than 50 percent since 2008. Here's how you can protect yourself.
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A man who set up accounts for funds from a “boiler room” share scam has been jailed for four-and-a-half years after being convicted of three counts of money laundering, the Financial Times reports.
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With each passing SEC suit against a once high-flying U.S. traded Chinese company, it becomes striking how pervasive the alleged fraud was in some of these companies.