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Investment Fraud

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  • District Judge Jed Rakoff in Manhattan said the "substantial additional information" provided by the SEC, "the unique circumstances of this case, and further guarantees of prompt payment of the proposed fines" justified approval, according to an order made public on Wednesday.

  • NEW YORK, March 31- JPMorgan Chase& Co must face a lawsuit from shareholders accusing it of securities fraud by misleading them about its ability to manage risk, which surfaced when it lost $6.2 billion in the "London Whale" scandal.

  • SEC fraud trial over Texas tycoons to start Monday, 31 Mar 2014 | 8:53 AM ET
    Samuel Wyly in 2010

    The case, which dates back years, accuses Samuel Wyly and his late brother, Charles, engaged in a $550 million fraud.

  • Still, it's the more mundane details such as due diligence in hiring that could choke Oppenheimer and Morgan Stanley if regulators extend their investigations, lawyers said.

  • BOSTON, March 25- Weight loss and nutrition company Herbalife launched a website on Tuesday that details its business practices and counters claims made by billionaire investor William Ackman that it is running an illegal pyramid scheme.

  • Ex-Goldman director's insider conviction upheld Tuesday, 25 Mar 2014 | 12:13 PM ET
    Rajat Gupta

    A federal appeals court on Tuesday rejected a bid by former Goldman Sachs director Rajat Gupta to overturn his insider trading conviction.

  • NEW YORK, March 25- A federal appeals court on Tuesday rejected a bid by former Goldman Sachs Group Inc director Rajat Gupta to overturn his insider trading conviction. Attorney Preet Bharara in Manhattan declined to comment.

  • Rajat Gupta appeal denied     Tuesday, 25 Mar 2014 | 10:27 AM ET

    CNBC's Scott Cohn reports Rajat Gupta's conviction for insider trading in the Galleon case has been upheld.

  • NEW YORK, March 25- A federal appeals court on Tuesday rejected a bid by former Goldman Sachs Group Inc director Rajat Gupta to overturn his insider trading conviction. The 2nd U.S. Circuit Court of Appeals rejected the claim by Gupta, also a former global managing director of consulting firm McKinsey& Co, that his trial judge improperly admitted wiretap evidence.

  • NEW YORK, March 24- Five former aides to investment manager Bernard Madoff were convicted on Monday of charges that they helped their boss conceal his multibillion-dollar Ponzi scheme for years.

  • NEW YORK, March 24- Five former aides to investment manager Bernard Madoff were convicted on Monday of charges that they helped their boss conceal his multibillion-dollar Ponzi scheme for years.

  • NEW YORK, March 24- Five former aides to investment manager Bernard Madoff were convicted on Monday of charges that they helped their boss conceal his massive Ponzi scheme for years.

  • Five former Madoff lieutenants convicted     Monday, 24 Mar 2014 | 3:09 PM ET

    CNBC's Scott Cohn reports 5 former Madoff employees have been convicted of conspiring to falsify records and defraud clients.

  • Former Madoff aides convicted of assisting fraud Monday, 24 Mar 2014 | 3:07 PM ET

    NEW YORK, March 24- Five former aides to investment manager Bernard Madoff were convicted on Monday on charges that they helped their boss conceal his massive Ponzi scheme for years.

  • CNBC's Scott Cohn reports 5 former Madoff employees have been found guilty of criminal conspiracy.

  • Judge drops sick juror from trial of Madoff aides Thursday, 20 Mar 2014 | 2:42 PM ET

    NEW YORK, March 20- After a two-day delay, the jurors considering whether to convict five former Bernard Madoff aides of helping him perpetuate his Ponzi scheme will resume deliberations on Friday with one fewer member.

  • Madoff's biggest problem in prison? Boredom     Thursday, 20 Mar 2014 | 6:24 AM ET

    In a wide-ranging interview, convicted fraudster Bernie Madoff talks with MJ Lee, Politico finance reporter, about what life is like in prison. He seems to be doing fine, says Lee.

  • March 19- A Morgan Stanley stockbroker and a clerk at a prestigious New York law firm were charged with insider trading in corporate mergers, in an alleged four-year scheme involving a middleman who would chew up napkins on which he passed illegal tips.

  • March 19- A Morgan Stanley stockbroker and a clerk at a major New York law firm were charged with insider trading in corporate mergers, in an alleged four-year scheme involving a middleman who would chew up napkins on which he passed illegal tips.

  • March 19- U.S. prosecutors on Wednesday charged a Morgan Stanley stockbroker and an employee at a prominent New York law firm with insider trading in more than one dozen mergers and corporate transactions, resulting in more than $5.6 million of illegal profit.

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