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Investment Fraud

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  • 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.

  • Utah: Welcome to Ponziland!     Monday, 19 Dec 2011 | 7:51 PM ET

    CNBC's Scott Cohn reports on more than $1.5B in losses as a result of Utah ponzi schemes.

  • 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.

  • MF's Missing Cash & Messy Books     Friday, 11 Nov 2011 | 11:04 AM ET

    CNBC's Kayla Tausche has the story on the missiny money hunt at MF Global.

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

    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.

  • Trading Through MF Global     Friday, 4 Nov 2011 | 10:24 AM ET

    Many are still concerned that they cannot access trades through MF Global. Anant Shah, Whitepearls trader, says he has $35 million dollars tied up in the firm.

  • Jon Corzine Going to Jail?     Thursday, 3 Nov 2011 | 11:47 AM ET

    The SEC has reportedly launched a probe into MF Global. Dan Primack, Fortune.com senior editor, discusses whether the company's CEO could have been in violation of the law.

  • Jefferies Stock Slides on MF Global News     Wednesday, 2 Nov 2011 | 11:03 AM ET

    CNBC's Kayla Tausche takes a look at the recent slide in Jefferies stock price and the chatter surrounding MF Global.

  • Madoffs Aim to Write Their Own Future Monday, 31 Oct 2011 | 7:02 AM ET
    Ruth Madoff

    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

  • Avon Plunges on SEC Probe     Thursday, 27 Oct 2011 | 2:11 PM ET

    CNBC's Herb Greenberg has the story on the SEC's investigation into Avon.

  • 10 White Collar Criminals Wanted by the FBI Friday, 21 Oct 2011 | 3:53 PM ET
    The Federal Bureau of Investigation’s has included some of the world’s most notorious criminals, including Osama Bin Laden, Ted Bundy, Warren Jeffs, and more, totaling 494 since the list’s creation in 1950. With the success of the FBI’s “Most Wanted” list, the bureau in 1996 began putting wanted criminals on its website and notes that more than 50 fugitives have been arrested as a result of their images and information appearing on the site.Along with the “Most Wanted,” other criminals are being

    The FBI's “10 Most Wanted List” has included some of the world’s most notorious criminals, including Osama Bin Laden, Ted Bundy, Warren Jeffs, totaling 494 since the list’s creation in 1950.

  • You Can't Dine Out on the Dinar Thursday, 20 Oct 2011 | 10:44 AM ET

    Readers keep sending in questions about the outlook for the Iraqi dinar. It's cloudy. Really cloudy.

  • Be Wary of This 'Can't Lose' Proposition Tuesday, 27 Sep 2011 | 2:14 PM ET

    Readers have been asking about the outlook for the Iraqi dinar. The short answer: not good, in every sense of the word.

  • Officials Eye Madoff Role of a Lawyer Saturday, 17 Sep 2011 | 12:10 PM ET

    The tables may be turned on one former SEC official. He may soon be investigated by the Justice Department for a potential conflict in the Madoff case: He was responsible for the agency's proposal for victim compensation even though he had a financial interest in the outcome.

  • More Delays for Investors in Alleged Ponzi Scheme Friday, 16 Sep 2011 | 8:07 PM ET

    The U.S. agency that insures U.S. brokerage accounts said it is still deciding whether to reverse an earlier decision to deny coverage to tens of thousands of investors in Allen Stanford's alleged $7 billion Ponzi scheme.

  • UBS' Chronic Condition     Friday, 16 Sep 2011 | 12:00 PM ET

    CNBC's Kate Kelly takes a look at the rogue trading that could spell disaster for UBS and its troubled investment bank.

  • Goldman Shuts Down Alpha Hedge Fund     Thursday, 15 Sep 2011 | 7:25 PM ET

    The investment banking firm is shutting down its global fund due to redemptions, CNBC's Brad Goode has the details, and the story on the arrest of a UBS trader on suspicion of a two billion dollar fraud, with CNBC's Carolin Schober.

  • Rogue Trader Slams UBS     Thursday, 15 Sep 2011 | 12:52 PM ET

    UBS says it may not be profitable in Q3 thanks to a $2 billion loss from unauthorized trading. Insight with David Greenberg, Sterling Commodities president; and a look at the midday market movers.