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Investment Fraud


  • ‘Boiler Room Banker’ Sent to Prison Tuesday, 1 May 2012 | 2:58 AM ET

    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.

  • SEC Gets Tough With Chinese Stocks: Greenberg Tuesday, 24 Apr 2012 | 11:49 AM ET

    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.

  • Dennis Kozlowski

    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.

  • How to Avoid Becoming a Victim of Mortgage Fraud Wednesday, 4 Apr 2012 | 4:25 PM ET
    Bill Erpenbeck

    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.

  • Top States for Mortgage Fraud Monday, 2 Apr 2012 | 11:13 AM ET
    Mortgage fraud is a growing threat to homeowners and businesses, according to the FBI. With the changing housing landscape come new schemes. 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. New original loan fraud investigations, on the other hand, have dropped since there was a decrease in new mortgages in 2011. Mortgage fraud schemes have “some type of material misstate

    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.

  • Private Lending: High Reward, Higher Risk? Wednesday, 21 Mar 2012 | 10:21 AM ET

    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.

  • The Real Deal on Fake Art Monday, 12 Mar 2012 | 3:31 PM ET

    How to make sure the work of art you’re buying isn’t a forgery.

  • Rise and Fall of a Multibillion-Dollar Ponzi Scheme Wednesday, 7 Mar 2012 | 12:23 PM ET
    Before anyone had heard of Bernie Madoff, Minnesota businessman Tom Petters carried out the largest Ponzi scheme in U.S. history. His company, Petters Group Worldwide, owned brands like Polaroid and Fingerhut, as well as a controlling share of Sun Country Airlines. As federal agents learned, though, these legitimate businesses were propped up entirely by a $3.5 billion Ponzi scheme. Petters sold promissory notes through his wholesale brokerage firm Petters Co. Inc., offering stunning returns of

    Before anyone had heard of Bernie Madoff, Minnesota businessman Tom Petters carried out the largest Ponzi scheme in U.S. history.

  • Insider Trades That Brought Down Raj Rajaratnam Wednesday, 7 Mar 2012 | 12:12 PM ET
    As head of a $7 billion hedge fund, Raj Rajaratnam’s phone often rang off the hook, and many of the calls were from corporate insiders who provided a goldmine of market-moving information. Unbeknownst to Rajaratnam, though, federal agents tapped his phone and the Wall Street titan was ultimately found guilty of perpetuating one of the largest cases of insider trading in history. Born in Sri Lanka, Rajaratnam grew up to become a self-made millionaire. He founded Galleon Group, which became one of

    Rajaratnam tapped a vast network of Wall Street insiders to funnel him inside information. Read on to go inside this Wall Street scandal!

  • Sprint-MetroPCS Deal is Off Friday, 24 Feb 2012 | 7:23 PM ET
    Sprint-MetroPCS Deal is Off

    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.

  • Can You Be Ponzied and Not Even Know It? Friday, 24 Feb 2012 | 1:34 PM ET

    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 Arrest Research Analyst John Kinnucan Thursday, 23 Feb 2012 | 6:38 AM ET
    John Kinnucan

    FBI agents have arrested research analyst John Kinnucan at his Oregon home on Thursday evening, and is being detained overnight.

  • Too Good to Be True: Self-Employment Scams Friday, 17 Feb 2012 | 3:47 PM ET
    Unemployed man searching classifieds

    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.

  • Wisconsin Woman Accused of Selling Fake Facebook Stock Thursday, 2 Feb 2012 | 7:53 PM ET

    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.

  • Stanford Fraud Case Puts Old Friends at Odds Tuesday, 31 Jan 2012 | 12:05 PM ET
    James M. Davis

    Allen Stanford's former college roommate James Davis is now the chief prosecution witness against him. Davis will testify that he witnessed and participated in Stanford's $7 billion Ponzi scheme, the New York Times reports.

  • Chinese Reverse Merger Promoter Raided in US Saturday, 28 Jan 2012 | 2:05 AM ET

    U.S. authorities have raided the New York office and home of Benjamin Wey, a promoter of controversial Chinese reverse mergers, according to law enforcement officials. The Financial Times reports.

  • 12 white collar fugitives wanted by the FBI Tuesday, 24 Jan 2012 | 12:49 PM ET
    The Federal Bureau of Investigation’s has included some of the world’s most notorious criminals, including Osama Bin Laden, Ted Bundy and Warren Jeffs — totaling 493 since its creation in 1950. Of these fugitives, 463 have been apprehended or located, according to the FBI. Of these, 152 arrests have been assisted by the public. With the success of the “Most Wanted” list, the bureau in 1996 began putting wanted criminals on its website. Since then, more than 50 fugitives have been arrested as a r

    Who are some of these white collar criminals and what did they do? Click ahead for 12 fugitives wanted by the FBI.

  • SFO Targets Criminal Company Dividends Friday, 13 Jan 2012 | 2:05 AM ET

    The UK’s fraud investigator intends to confiscate shareholder dividends paid by companies convicted of criminal offences, after it won approval for a landmark court action, the Financial Times reports.

  • Scott Cohn on Crime Thursday, 1 Dec 2011 | 2:36 PM ET
    Raj Rajaratnam

    Add health care fraud to ponzi schemes and insider trading at the top of the list of wrongdoing in the financial world.

  • What's Next for Jon Corzine? Monday, 7 Nov 2011 | 10:34 AM ET
    What's Next for Jon Corzine?

    Jon Corzine has resigned but hundreds of millions of dollars are reportedly still missing at MF Global. Insight on what's next for the former New Jersey governor, with Robert Heim, former SEC prosecutor.