NEW YORK, Dec 5- A former Dell Inc supply manager who cooperated with government insider trading investigations, including a probe of a portfolio manager at SAC Capital Advisors, avoided prison on Thursday as a result of his cooperation. District Judge Jed Rakoff in Manhattan sentenced DeVore to time served plus two years of supervised release.» Read More
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.”
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.
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.
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.
Imprisoned Ex-Tyco CEO Dennis Kozlowski begged for mercy from a parole board last week, before learning later that his plea had been rejected, a newly-released transcript of the proceeding showed Wednesday, USA Today reports.
Medicare/Medicaid fraud costs taxpayers up to $160 billion a year, reports CNBC's Scott Cohn.
Home ownership may be the largest purchase of your lifetime, but if you don’t do your homework before signing on the dotted line, it can end up being your worst financial nightmare.
Foreclosures and delinquencies have soared over the last few years, and the FBI says that has resulted in an increase in mortgage fraud schemes against distressed homeowners.
Peer-to-peer lending is gaining in popularity. Find out how to protect yourself against scams like the one a former mortgage broker in Hawaii pulled on his victims.
How to make sure the work of art you’re buying isn’t a forgery.
Before anyone had heard of Bernie Madoff, Minnesota businessman Tom Petters carried out the largest Ponzi scheme in U.S. history.
Rajaratnam tapped a vast network of Wall Street insiders to funnel him inside information. Read on to go inside this Wall Street scandal!
CNBC's Scott Cohn has the latest details on the guilty verdict in one of the largest Ponzi schemes in U.S. history.
KNTV's Scott Budman reports Sprint has walked away from a major deal with MetroPCS; Japanese regulators say AIJ Investment Advisors lost $2 billion dollars in pension assets it managed; shares of Kenneth Cole Productions soared after Kenneth Cole himself offered to buyback shares of the company; Starboard Value doesn't like the way AOL is being run, so it filed to nominate five people to the board; and shares of TiVo slid 3% after it issued a downbeat forecast.
Billionaire Tom Petters was a respected CEO for more than a decade. His companies included iconic American brands like Polaroid, Sun Country Airlines and Fingerhut. But these legitimate businesses were purchased with dirty money. Petters' reputation was built on a foundation of lies. American Greed takes you inside the collapse of a billion-dollar empire!
We hear about it almost every day—investors across the country are being ripped off through fraud schemes. Learn the warning signs and how to protect yourself against individuals who are only interested in making your money theirs.
FBI agents have arrested research analyst John Kinnucan at his Oregon home on Thursday evening, and is being detained overnight.
If you’ve scoured the classified ads, you’ve seen listings offering big money to the self-employed. Be your own boss and earn a fortune while clad in a bathrobe and flip-flops! Unfortunately, these ads often target people without jobs, and if they take the bait, they become trapped in a self-employment scam.
CNBC's Scott Cohn has the latest details on the Allen Stanford fraud case.
A Wisconsin woman has been charged with theft over accusations she tried to profit from Facebook's much-anticipated plans to go public by selling fake stock in the social media giant.