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Investment Fraud

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

    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, 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.

  • 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.

  • Gupta Trial Set to Start Today     Monday, 21 May 2012 | 10:47 AM ET

    RIchard Holwell, Holwell Shuster & Goldberg partner, provides his perspective on the upcoming insider trading trial of former Goldman Sach's director, Rjjat K. Gupta.

  • 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.

  • The FBI's Corporate Espionage Campaign     Friday, 11 May 2012 | 7:44 PM ET

    The FBI launches a campaign to have the public help catch corporate spies. CNBC's Eamon Javers reports the details.

  • 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.

  • 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

    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.

  • ‘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.

  • War on Health Care Fraud     Monday, 9 Apr 2012 | 6:45 AM ET

    Medicare/Medicaid fraud costs taxpayers up to $160 billion a year, reports CNBC's Scott Cohn.

  • 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.

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