May 5- The U.S. Securities and Exchange Commission on Tuesday sued three defendants it accused of running a fraud and Ponzi scheme in which they raised more than $62 million from investors eager to benefit from growth in the North Dakota oil industry. According to the SEC, North Dakota Developments LLC and its owners, Robert Gavin and Daniel Hogan, illegally...» Read More
CNBC's Kayla Tausche reports JPMorgan could reach a $2 billion settlement with the Department of Justice this week. The deal could also include a deferred prosecution agreement which would rule out criminal charges.
CNBC's Andrea Day looks back at this year's biggest crime stories, including rock star wannabe, Rob Mawhinney, who stole over $11 million and is now serving seven years in prison.
CNBC's Jane Wells interviews Jordan Belfort, the real "Wolf of Wall Street." Belfort describes his con and how he manipulated his own brokers.
SAC Capital's Michael Steinberg has been found guilty on conspiracy and four counts of securities fraud. He could face up to 85 years in prison. CNBC's Kate Kelly reports.
CNBC's Kate Kelly reports former SAC trader Michael Steinberg has been found guilty on five counts ranging from conspiracy to securities fraud and faces a maximum of 85 years in prison.
CNBCs Kate Kelly reports a jury is deliberating on the fate of former SAC trader Michael Steinberg who faces 85 years in jail.
Hon. Richard Holwell, former federal judge, addresses why he thinks no Wall Street executives have been prosecuted during the recent financial crisis and if there has been a breakdown in the justice system.
A former SAC Capital Advisors trader wants to cite in court some 2012 testimony given by the hedge fund's founder Steven Cohen, claiming it rebuts the government's case.
CNBC's Scott Cohn reports new details on just how far Bernard Madoff went to hide his investment fraud.
SAC Capital Advisors will shut down its London office by the end of the year as the hedge fund downsizes, according to a memo sent to staff on Tuesday.
If the Madoff trustee is successful in suing banks for ignoring warning signs, the liability of financial firms could be enormous in future cases.
As legal bills rise, billionaire hedge-fund manager Steven A. Cohen has sold stock, and now artwork, to meet withdrawal requests from investors. NYT.
A new report from FINRA Investor Education gives surprising details on who’s most likely to get scammed. You may be more vulnerable than you think.
Ex-Goldman VP Fabrice Tourre asked a federal judge to dismiss the SEC case against him or set a new trial.
CNBC'S Eunice Yoon reports questions remain whether Zeng Chengjie, found guilty of defrauding investors in a Ponzi scheme, was a con man or a victim of China's shadow banking system.
The U.S. has filed criminal complaints against Julien Grout and Javier Martin-Artajo and will hold a news conference today to discuss details of the case, reports CNBC's Kate Kelly.
CNBC's Scott Cohn has the latest details on a penny scheme totaling $140 million resulting in 9 people indicted.
CNBC's Scott Cohn has the latest on a penny stock fraud which totaled over $140 million. The Justice Department is calling it the largest penny stock scheme ever.
Parameter Capital Management, which had managed money for SAC since 2010, traded mainly financial stocks.
Convicted Ponzi schemer Marc Dreier is being forced to turn over his multimillion-dollar art collection, including works by Andy Warhol and Mark Rothko, to a victim of his fraud.