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Investment Fraud

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  • Key Witness Kumar Receives Two Year Probation Thursday, 19 Jul 2012 | 11:08 AM ET
    Key Witness Kumar Receives Two Year Probation

    CNBC's Scott Cohn reports Anil Kumar will pay a $25,000 fine in connection with the Galleon insider trading case.

  • A Biotech Short-Seller Responds to Critics Tuesday, 17 Jul 2012 | 12:24 PM ET
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    Short selling is never going to be a wildly popular investing practice, but it is perfectly legal and essential for the proper function of the capital markets. I asked a biotech short seller for his thoughts on why long investors seem so hostile to short sellers and whether this animosity will compel short sellers to be even more reluctant to voice their opinions publicly.

  • PFG Told Employees All's Well Days Before Collapse Thursday, 12 Jul 2012 | 10:54 AM ET
    PFG Told Employees All's Well Days Before Collapse

    CNBC's Scott Cohn has the latest details on the investigation of PFGBest's bankruptcy, after regulators alleged the firm misstated $200 million in customer accounts.

  • Wall Street's Wildest Con Thursday, 12 Jul 2012 | 6:40 AM ET
    Wall Street's Wildest Con

    Discussing one of Wall Street's biggest frauds and how the rogue hedge fund manager tried to fake his own suicide to avoid prison, with Guy Lawson, "Octopus" author.

  • Santelli on Regulations, Rules & Rubes Tuesday, 10 Jul 2012 | 11:13 AM ET
    Santelli on Regulations, Rules & Rubes

    Discussing common sense and effective regulations, with CNBC's Rick Santelli.

  • In Caymans, It’s Simple to Fill a Hedge Fund Board Monday, 2 Jul 2012 | 12:51 PM ET
    Cayman  Islands

    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.

  • Barclays Libor Fallout Monday, 2 Jul 2012 | 7:35 AM ET
    Barclays Libor Fallout

    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.

  • Peter Madoff Pleads Guilty! Friday, 29 Jun 2012 | 12:36 PM ET
    Peter Madoff Pleads Guilty!

    CNBC's Mary Thompson reports the latest details on the Madoff Ponzi scheme.

  • Peter Madoff Expected to Plead Guilty Friday, 29 Jun 2012 | 10:16 AM ET
    Peter Madoff Expected to Plead Guilty

    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.

  • Wall Street jailbirds Wednesday, 20 Jun 2012 | 11:09 AM ET
    The term financial fraud usually brings to mind names like Bernie Madoff, Raj Rajaratnam and Allen Stanford, to name a few. All three men are now doing time in prison for their respective crimes. is serving 150 years for his $50 billion Ponzi scheme. found guilty of insider trading charges, was sentenced to 11 years behind bars. received a 110 year sentence for his $7 billion Ponzi scheme. However, these notorious cases are far from the only ones involving financial crimes. From money managers w

    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.

  • The Mormon Madoff: How Shawn Merriman Scammed Millions Wednesday, 20 Jun 2012 | 10:45 AM ET
    Shawn Merriman

    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.

  • Last Call: Greek Election Day Draws Near Friday, 15 Jun 2012 | 1:39 AM ET
    Greece

    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.

  • hacker_keyboard_200.jpg

    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.

  • Fraud Whistleblowers: Uncle Sam Wants You Thursday, 24 May 2012 | 2:46 PM ET
    Department of Justice

    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.

  • Is Insider Trading Part of the Fabric? Sunday, 20 May 2012 | 10:17 AM ET
    Wall Street sign

    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.

  • Vermeer's "The Concert"

    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.

  • Street Gangs: A New Breed of White Collar Criminals? Tuesday, 8 May 2012 | 5:06 PM ET
    Michael Lock

    How some gangs are moving beyond drugs and street crimes and into financial crimes like mortgage fraud.  

  • Ex-Media Mogul Conrad Black Released From Prison Friday, 4 May 2012 | 10:51 AM ET
    Conrad Black arriving at a federal courthouse on June 18, 2007.

    Conrad Black is released from prison after serving nearly half of his original six-year sentence for defrauding investors.

  • nicholas-cosmo-200.jpg

    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.”

  • 5 Things You Should Know Before and After Investing Tuesday, 1 May 2012 | 2:42 PM ET
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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.