TRENTON, N.J.— A central New Jersey man has admitted running a $20 million Ponzi scheme. The U.S. attorney's office says the 57- year-old Colts Neck resident persuaded 36 investors to invest $20 million based on promises they would earn 9 percent to 14 percent monthly. Spina was accused of putting only $9.5 million into a trading account and using the remaining...» Read More
NEW YORK, May 28- U.S. court officials said Mathew Martoma may deserve a record prison term for insider trading, perhaps approaching 20 years, prompting strenuous opposition from lawyers for the former SAC Capital Advisors LP fund manager.
NEW YORK, May 28- U.S. court officials said Mathew Martoma may deserve a record prison term for insider trading, a request that lawyers for the former SAC Capital Advisors LP fund manager called "outrageous."
Toshihide Iguchi, Author of 'My Billion Dollar Education - Inside the Mind of a Rogue Trader,' explains his acts that caused Daiwa Bank to lose $1.1 billion in 1995.
Is there a specific rate of return for an investment that should set off alarm bells in your head?
Five former Bernard Madoff aides have asked a US judge to throw out their convictions, after a jury found them guilty of fraud and conspiracy.
CNBC's Bob Pisani reports the SEC has charged New Jersey brokerage firm, Visionary Trading, with manipulative trading.
A federal appeals court on Tuesday rejected a bid by former Goldman Sachs director Rajat Gupta to overturn his insider trading conviction.
CNBC's Scott Cohn reports Rajat Gupta's conviction for insider trading in the Galleon case has been upheld.
CNBC's Scott Cohn reports 5 former Madoff employees have been convicted of conspiring to falsify records and defraud clients.
CNBC's Scott Cohn reports 5 former Madoff employees have been found guilty of criminal conspiracy.
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.
CNBC's Mary Thompson reports 2 men have been charged with securities fraud that netted them $5.6 million.
CNBC's Diana Olick reports on new Department of Justice findings on how it handled the investigation of the mortgage fraud crisis.
CNBC's Scott Cohn discuses Allen Stanford's fraud case, considered to be one of the biggest ponzi schemes ever. In this discussion with Ralph Janvey, receiver in the Allen Stanford case, Cohn tries to get to the heart of who Allen Stanford really was.
Where's the money? CNBC's Scott Cohn discuses Allen Stanford's fraud case, considered to be one of the biggest ponzi schemes ever.
The Supreme Court ruled that the victims of former Texas tycoon R. Allen Stanford's massive Ponzi scheme can go forward with class-action lawsuits.
A former senior managing director at Evercore charged on Friday with securities fraud and other violations, according to a court filing.
Former "stockbroker to the stars," Dana Giacchetto is in trouble with the law again. According to a two-count criminal complaint just unsealed, Giacchetto is charged with fraudulently using a credit card to pay for items including airline services, food, liquor and dental services. According to the court documents the fraudulent charges total over $10,000.
We should all be doing EMV, says JPMorgan's Jamie Dimon, sharing his thoughts on protecting consumers' personal information.
Nu Skin shares plunged on concerns over an investigation by Chinese authorities' into its business practices in the country.