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Investment Fraud

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  • *Jesse Litvak accused of securities fraud, TARP fraud. NEW HAVEN, Conn., Feb 27- Lawyers defending Jesse Litvak at the former Jefferies Group Inc trader's federal fraud trial on Thursday accused the firm of firing him and then helping prosecutors out of concern that it might otherwise lose a major client.

  • Supreme Court allows Stanford Ponzi scheme suits Wednesday, 26 Feb 2014 | 2:19 PM ET
    Indicted financier R. Allen Stanford, accused of leading a $7 billion investment fraud scheme, arrives at the Bob Casey Federal Courthouse in Houston, March 6, 2012.

    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.

  • Former Evercore director charged with fraud Friday, 21 Feb 2014 | 2:29 PM ET
    Preet Bharara, U.S. attorney for the Southern District of New York

    A former senior managing director at Evercore charged on Friday with securities fraud and other violations, according to a court filing.

  • According to the charges, Hixon, who worked in Evercore's mining and metals group, allegedly arranged trades in shares of Evercore as well as two other companies: Westway Group, which merged last year with EQT Infrastructure II, and Titanium Metals Corp, which was purchased last year by Precision Castparts Corp.

  • NEW YORK, Feb 21- A former senior managing director at Evercore Group was charged on Friday with securities fraud and other violations for setting up trades in accounts held by an ex-girlfriend and a close relative based on secret information he collected at work, according to a court filing.

  • Stockbroker to stars in trouble again     Thursday, 20 Feb 2014 | 12:00 PM ET

    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.

  • Dimon: We're protecting our clients     Thursday, 23 Jan 2014 | 7:35 AM ET

    We should all be doing EMV, says JPMorgan's Jamie Dimon, sharing his thoughts on protecting consumers' personal information.

  • Nu Skin stock tanks after Chinese investigation Thursday, 16 Jan 2014 | 2:42 PM ET
    Specialist James Maher, left, works with traders at the post that handles NuSkin on the floor of the New York Stock Exchange, Thursday, Jan. 16, 2014.

    Nu Skin shares plunged on concerns over an investigation by Chinese authorities' into its business practices in the country.

  • Former Enron CEO Skilling on the move     Thursday, 9 Jan 2014 | 10:30 AM ET

    CNBC's Scott Cohn reports former Enron CEO Jeff Skilling has been moved to a minimum security prison in Montgomery, Alabama.

  • JPM complicit, agrees to penalties     Tuesday, 7 Jan 2014 | 3:43 PM ET

    CNBC's Scott Cohn reports on the settlement between U.S. authorities and JPMorgan Chase over its alleged role in Bernard Madoff's Ponzi scheme.

  • JPMorgan shovels out cash to bury Madoff legacy Tuesday, 7 Jan 2014 | 10:42 AM ET

    JPMorgan will pay a $350 million penalty to the U.S. Office of the Comptroller of the Currency in addition to a $1.7 billion forfeiture to settle charges in the Madoff deal.

  • Ex-SAC trader on trial     Tuesday, 7 Jan 2014 | 10:26 AM ET

    Opening statements in the trial for ex-SAC trader Matthew Martoma could begin Wednesday. CNBC's Kate Kelly reports jury selection has begun.

  • CNBC's Scott Cohn reports JPMorgan will settle with trustee Irving Picard for $543 million. Picard will disperse the funds to the Madoff victims.

  • JPM to pay $1.7 billion to DOJ     Tuesday, 7 Jan 2014 | 9:35 AM ET

    CNBC's Scott Cohn reports JPMorgan will pay $1.7 billion to the DOJ for its dealings with Bernie Madoff. The bank will also admit wrongdoing in a deferred prosecution agreement. No individuals will be held accountable.

  • JPMorgan Chase will not be penalized following accusations that it ignored Bernard Madoff's Ponzi scheme, the Wall Street Journal reported.

  • JPMorgan near deal in Madoff case     Monday, 6 Jan 2014 | 2:40 PM ET

    An announcement of a settlement deal between JPMorgan and regulators in the Madoff case could come as early as Tuesday. CNBC's Scott Cohn reports that the company says employees acted in good faith.

  • JPM & Madoff settlement in the works     Monday, 6 Jan 2014 | 1:42 PM ET

    CNBC's Kayla Tausche reports JPMorgan could reach a $2 billion settlement with the Department of Justice this week. CNBC's Scott Cohn provides perspective.

  • JPM nears $2 billon settlement with DOJ     Monday, 6 Jan 2014 | 10:12 AM ET

    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.

  • White-collar crime rewind     Friday, 27 Dec 2013 | 1:30 PM ET

    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.

  • Jordan Belfort: Con artist to consultant     Thursday, 19 Dec 2013 | 11:54 AM ET

    CNBC's Jane Wells interviews Jordan Belfort, the real "Wolf of Wall Street." Belfort describes his con and how he manipulated his own brokers.