May 5- The U.S. Securities and Exchange Commission on Tuesday sued three defendants it accused of running a fraud and Ponzi scheme in which they raised more than $62 million from investors eager to benefit from growth in the North Dakota oil industry. According to the SEC, North Dakota Developments LLC and its owners, Robert Gavin and Daniel Hogan, illegally...» Read More
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.
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!
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.
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.
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.
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.
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.
Who are some of these white collar criminals and what did they do? Click ahead for 12 fugitives wanted by the FBI.
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.
Add health care fraud to ponzi schemes and insider trading at the top of the list of wrongdoing in the financial world.
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.
For nearly two years after Bernard L. Madoff confessed to running the largest Ponzi scheme in history, Ruth Madoff — who fell in love with him at 13 and married him at 18 — stood by her husband, a man the rest of the world saw as a cold-blooded monster. After years of silence and seclusion, Mrs. Madoff agreed to talk with a reporter for The New York Times