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Investment Fraud

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  • CNBC's Scott Cohn reports new details on just how far Bernard Madoff went to hide his investment fraud.

  • SAFT ON WEALTH-The age of the 5 percent Ponzi scheme Wednesday, 20 Nov 2013 | 4:45 PM ET

    A Federal judge on Monday ruled that Anthony J. Lupas, a Pennsylvania Alzheimer's sufferer and accused Ponzi king, does not have the mental capacity to stand trial for 31 counts of fraud and conspiracy.

  • WASHINGTON, Nov 20- A bipartisan group of U.S. House and Senate members is seeking to make it easier for investment fraud victims to seek compensation, after investors in Allen Stanford's Ponzi scheme were deemed ineligible under current law to file claims.

  • NEW YORK, Nov 19- Jury selection got under way on Tuesday in the criminal trial of Michael Steinberg, a portfolio manager at Steven A. Cohen's SAC Capital Advisors hedge fund, accused of insider trading.

  • NEW YORK, Nov 19- Jury selection got under way Tuesday in the criminal trial of Michael Steinberg, a portfolio manager at Steven A. Cohen's SAC Capital Advisors hedge fund accused of insider trading.

  • *New York federal appeals court denies "en banc" review. NEW YORK, Nov 19- A federal appeals court on Monday refused to disturb the insider trading conviction of Galleon Group hedge fund founder Raj Rajaratnam, one of the most prominent defendants in the U.S. government's wide-ranging probe into insider trading.

  • NEW YORK, Nov 18- Thousands of victims of Bernard Madoff's fraud, including many who have so far recovered nothing, may start pursuing an additional $2.35 billion to cover some of their losses, U.S. It is being held in a Madoff Victim Fund and overseen by special master Richard Breeden, a former U.S.

  • NEW YORK, Nov 18- A trial starting this week will provide a window into what prosecutors have called a decade-long insider trading scheme at Steven A. Cohen's once-powerful SAC Capital Advisors hedge fund.

  • The prosecutors with SAC Capital in their crosshairs Sunday, 17 Nov 2013 | 9:00 AM ET

    Attorney Preet Bharara announced at a televised press conference on Nov. 4 that Steven A. Cohen's SAC Capital Advisors would plead guilty to insider trading, two prosecutors stood quietly to his right.

  • WASHINGTON, Nov 15- The U.S. Supreme Court, which has in recent years issued many rulings favorable to businesses, on Friday agreed to revisit a 1988 decision that made it much easier for shareholders to sue companies for alleged securities fraud.

  • Steinberg loses bid to delay trial over SAC guilty plea Wednesday, 13 Nov 2013 | 4:48 PM ET

    NEW YORK, Nov 13- Michael Steinberg, the most senior employee of Steven A. Cohen's SAC Capital Advisors to be indicted for insider trading, has lost a bid to delay his trial, which is set to begin on Monday.

  • NEW YORK, Nov 8- Steven A. Cohen's SAC Capital Advisors hedge fund pleaded guilty to fraud charges Friday as part of a $1.2 billion deal to resolve a long-running insider trading investigation, but the judge on the case reserved her decision about whether to accept the plea until after a pre-sentencing report was filed.

  • NEW YORK, Nov 8- U.S. District Judge Laura Taylor Swain, who is presiding over the criminal insider trading case against Steven A. Cohen's hedge fund SAC Capital Advisors, said in a court hearing on Friday she would wait to decide whether to accept SAC's guilty plea until after a pre-sentencing report was filed.

  • SAC Capital pleads guilty in criminal court Friday, 8 Nov 2013 | 4:04 PM ET

    NEW YORK, Nov 8- Steven A. Cohen's SAC Capital Advisors hedge fund pleaded guilty to fraud charges Friday as part of a $1.2 billion deal to resolve a long-running insider trading investigation.

  • The Justice Department and the Securities and Exchange Commission had accused the bank in a pair of lawsuits in North Carolina of investor fraud in its sale of $850 million of residential mortgage-backed securities.

  • Prosecutors in the Steinberg case asked that the defense team for Steinberg, who was charged in March over alleged insider trading in computer company Dell Inc and chipmaker Nvidia Corp, be barred from introducing evidence of trading in those stocks by another top SAC lieutenant, Gabriel Plotkin, to avoid creating confusion for the jury.

  • Prosecutors in the insider trading case against SAC executive Michael Steinberg asked that the defense team for Steinberg, who was charged in March over alleged insider trading in computer company Dell Inc and chipmaker Nvidia Corp, be barred from introducing evidence of trading in those stocks by another top SAC lieutenant, Gabriel Plotkin, to avoid creating confusion for the jury.

  • UPDATE 1-SAC Capital settlement clears U.S. court hurdle Wednesday, 6 Nov 2013 | 12:22 PM ET

    NEW YORK, Nov 6- A federal judge said he will approve part of a $1.2 billion settlement with Steven A. Cohen's SAC Capital Advisors on Wednesday, putting the U.S. government a step closer to finalizing the insider trading agreement.

  • UPDATE 1-SAC Capital's plea hearing set for Friday Tuesday, 5 Nov 2013 | 1:16 PM ET

    NEW YORK, Nov 5- A hearing has been set for Friday for Steven A. Cohen's SAC Capital Advisors to plead guilty to securities and wire fraud charges after years of investigations into insider trading at the embattled hedge fund.

  • SAC Capital's plea hearing set for Friday Tuesday, 5 Nov 2013 | 10:22 AM ET

    NEW YORK, Nov 5- A hearing has been set for Friday for Steven A. Cohen's SAC Capital Advisors to plead guilty to securities and wire fraud charges after years of investigations into insider trading at the embattled hedge fund.

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