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Investment Fraud

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  • SAN FRANCISCO, Feb 13- A U.S. appeals court on Thursday revived a shareholder lawsuit against BP PLC over statements the company made in the wake of a 2006 oil spill in Alaska. The ruling from the 9th U.S. Circuit Court of Appeals in San Francisco allows shareholders to proceed with some securities fraud claims against BP after a lower judge had dismissed them.

  • Former Madoff aides get their day in court Monday, 10 Feb 2014 | 6:00 AM ET

    NEW YORK, Feb 10- Four months into a criminal trial for five former employees of Bernard L. Madoff Investment Securities, witnesses have made it clear that no one but Madoff himself knew the whole truth about his massive Ponzi scheme, from his top lieutenant on down.

  • NEW YORK, Feb 7- Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, urged a U.S. judge on Friday to dismiss insider trading charges leveled against him last year. A grand jury subsequently indicted Rengan Rajaratnam, a former portfolio manager at Galleon, in March 2013 on seven counts of conspiracy and securities fraud.

  • NEW YORK, Feb 6- Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen's SAC Capital Advisors hedge fund, was found guilty on Thursday of engaging in what prosecutors called the most lucrative insider trading scheme in U.S. history.

  • SAC's Martoma found guilty of insider trading Thursday, 6 Feb 2014 | 2:27 PM ET

    NEW YORK, Feb 6- Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen's SAC Capital Advisors hedge fund, was found guilty on Thursday of engaging in the most lucrative insider trading scheme in U.S. history.

  • JURY FINDS FORMER SAC CAPITAL PORTFOLIO MANAGER MATHEW MARTOMA GUILTY OF INSIDER TRADING.

  • NEW YORK, Feb 4- A jury began deliberating on Tuesday on whether to convict Mathew Martoma of insider trading stemming from trades made while working at Steven A. Cohen's SAC Capital Advisors hedge fund, in what prosecutors called the most lucrative such scheme in U.S. history.

  • NEW YORK, Feb 4- A federal bankruptcy judge on Tuesday approved JPMorgan Chase& Co's $543 million deal to end two private lawsuits stemming from its relationship with convicted Ponzi scheme mastermind Bernard Madoff. JPMorgan will pay $218 million to resolve class-action litigation and $325 million to resolve claims brought by the trustee, Irving Picard.

  • Insider trading case of SAC's Martoma goes to jury Tuesday, 4 Feb 2014 | 12:20 PM ET

    NEW YORK, Feb 4- A jury began deliberating on Tuesday on whether to convict Mathew Martoma of insider trading stemming from trades made while working at Steven A. Cohen's SAC Capital Advisors hedge fund, in what prosecutors called the most lucrative such scheme in U.S. history.

  • U.S. asks jurors to convict SAC's Martoma Monday, 3 Feb 2014 | 2:18 PM ET

    NEW YORK, Feb 3- Mathew Martoma sought out a "canary in the coal mine" to give him inside information on drug companies, a federal prosecutor said on Monday, urging jurors to convict the former SAC Capital Advisors portfolio manager of insider trading.

  • 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.