U.S. District Judge Victor Marrero in Manhattan allowed the entire case against Cohen and SAC to go forward, apart from some claims brought too late.» Read More
The man whose emails detailing Bernie Madoff's Ponzi scheme were ignored by the Securities and Exchange Commission has a new target — foreign exchange fraud, and he has Bank of New York and State Street in his sights.
CNBC's Jane Wells has the latest details from the ongoing trial of bond king Jeff Gundlach.
The SEC is launching a new program Friday to encourage whistleblowers to report corporate fraud, including a website with instructions on how potential whistleblowers can make millions from their tips.
A federal district judge dismissed a securities fraud charge against Goldman Sachs yesterday on grounds that the plaintiffs hadn’t show the transaction occurred in the United States.
Carson Block, the founder of Muddy Waters, says he never knew anyone would be interested in his reports on U.S.-listed Chinese companies.
There's a trial underway involving a Wall Street hotshot that has all the makings of a movie: fast money, fast cars and fast women. CNBC's Scott Cohn reports.
What would you do if you were indicted by a federal grand jury for securities fraud in an international stock scam? How about turn it into a reality show? CNBC's Scott Cohn reports.
Reverse mergers might have gotten a bad reputation because of questionable deals from China, but don’t write off the entire business, say industry insiders.
JP Morgan agrees to pay $153.6 million to settle fraud charges, with Robert Khuzami, SEC director of enforcement and CNBC's Eamon Javers.
A day after saying he would block the nominations of two Securities and Exchange Commission members, Louisiana Sen. David Vitter lifted the hold Wednesday. The move came after the SEC said the thousands of investors in the alleged Allen Stanford Ponzi scheme should be entitled to insurance coverage under the federal law that protects U.S. brokerage clients.
A grand jury has indicted a Phoenix-based TV pitchman accused of running a nationwide scheme to sell essentially worthless Internet-based businesses to more than 200,000 people.
Carl Levin, chairman of the Senate investigative subcommittee, said there was “real hope” law enforcement authorities would act on his panel’s report accusing Goldman Sachs of misleading investors and Congress, the FT reports.
Real-estate mogul and potential presidential candidate Donald Trump hotly denied allegations of fraud detailed in a New York Times article, saying if the paper wants to spotlight fraud if should look at itself.
CNBC's Scott Cohn has the details on the closing arguments in the Raj Rajaratnam fraud case.
An estimated half million Americans have a painful decision to make between today and August 31 — admit to the IRS that they’ve been hiding secret offshore bank accounts, or take their chances the government won’t find out about their secret horde and possibly send them to jail.
Dreier, who once headed a 250-member law firm Dreier LLP on New York's exclusive Park Avenue, was arrested in December, 2008, on charges of swindling hedge funds and investment funds in a four-year-long scheme that unraveled in the financial crisis. This is the story of how he bought his way to fame and fortune, using other people's money.