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Investment Fraud

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  • Tourre found guilty of mortgage fraud Friday, 2 Aug 2013 | 7:32 AM ET
    Tourre found guilty of mortgage fraud

    Ron Geffner, former SEC enforcement attorney, discusses Thursday's verdict after the jury found former Goldman Sachs trader Fabrice Tourre liable for his role in defrauding investors.

  • 'Fabulous Fab' found liable Friday, 2 Aug 2013 | 6:06 AM ET
    'Fabulous Fab' found liable

    After a day and a half of deliberation a jury found former Goldman Sachs banker Fabrice Tourre liable on six of seven civil counts linked to a bet on the housing market, reports CNBC's Mary Thompson.

  • 'Fabulous Fab' found liable in mortgage-fraud case Thursday, 1 Aug 2013 | 3:31 PM ET
    Former Goldman Sachs bond trader Fabrice Tourre arrives at Manhattan federal court with his lawyers in the civil fraud case against him, in New York, August 1, 2013.

    The former Goldman Sachs bond trader known as "Fabulous Fab" was found liable on six of seven counts of defrauding investors in a mortgage securities fraud case brought by the SEC.

  • Defense rests in 'Fabulous Fab' trial Tuesday, 30 Jul 2013 | 8:52 AM ET
    Defense rests in 'Fabulous Fab' trial

    The defense team for former Goldman Sachs trader Fabrice Tourre accused of defrauding investors in a mortgage deal six years ago rested yesterday without calling any witnesses, reports CNBC's Scott Cohn with the latest details.

  • SEC wages battle against its own witness Thursday, 18 Jul 2013 | 12:21 PM ET
    Paolo Pellegrini's combative testimony was not what the S.E.C was looking for.

    The SEC had hoped to use testimony from Paolo Pellegrini to support its case against Fabrice Tourre, charged with defrauding investors, but Pellegrini testified the opposite.

  • Investor Fraud Keeps Rising: Pro Friday, 5 Jul 2013 | 11:35 AM ET
    Investor Fraud Keeps Rising: Pro

    Hitesh Patel, U.K. forensic partner at KPMG, discusses the U.K.'s fraud barometer, and how fraud against investors has quadrupled since the beginning of the downturn.

  • Former Enron CEO to Ask for Early Prison Release Thursday, 20 Jun 2013 | 9:45 AM ET
    Former Enron Chief Executive Jeffrey Skilling

    Jeffrey Skilling and federal prosecutors will go before a judge on Friday and ask that the former Enron CEO be released early from prison.

  • Judge Limits Ex-Goldman Sachs Exec's Defense Wednesday, 19 Jun 2013 | 3:01 PM ET

    A federal judge limited the extent to which former Goldman Sachs VP Fabrice Tourre can argue that he was acting on the advice of company lawyers in his defense against fraud charges.

  • Crime & Punishment: $21 Million Fraud Thursday, 13 Jun 2013 | 1:27 PM ET
    Crime & Punishment: $21 Million Fraud

    CNBC's Andrea Day reports on Rodney Watts and Courtney Dupree, who conned a bank out of millions of dollars. The pair orchestrated a scheme to defraud Amalgamated Bank and C3 Capital.

  • Hedge Boss Preying on African-Americans Arrested Wednesday, 5 Jun 2013 | 1:53 PM ET
    Fredrick Scott posted photos on his website of himself with the former Knicks star Patrick Ewing.

    Federal prosecutors say Fredrick Douglas Scott, the founder of ACI Capital, stole his client's money.

  • BlackRock Buys MGPA, Creating $25 Billion Fund Tuesday, 21 May 2013 | 8:26 AM ET
    BlackRock Inc. headquarters in New York City.

    BlackRock has bought private-equity real estate fund MGPA in a deal that boosts its presence in Asia and continental Europe.

  • New Developments Emerge in KPMG Insider Trading Case Friday, 10 May 2013 | 4:16 PM ET
    New Developments Emerge in KPMG Insider Trading Case

    The jeweler who made more than $1 million from allegedly illegal tips is minutes away from entering a plea, reports CNBC's Jane Wells.

  • 'My Father Is Dead to Me': Son of Peregrine Thief Thursday, 9 May 2013 | 10:01 AM ET
    Russell Wasendorf Sr., Former CEO of Peregrine Financial Group.

    Russell Wasendorf Jr., whose father went to prison for stealing $215 million from clients of the Peregrine Financial Group, has pleaded innocent and is attempting to start over.

  • Enron's Skilling in Deal to Exit Prison in 2017 Wednesday, 8 May 2013 | 2:20 PM ET
    Former Enron CEO, Jeff Skilling (L), and his attorney, Daniel Petrocelli.

    Former Enron CEO Jeffrey Skilling would be out of prison in 2017—more than 10 years early—under a proposed sentencing agreement submitted to a judge in Houston.

  • Enron Whistleblower Speaks to CNBC Thursday, 4 Apr 2013 | 11:11 AM ET
    Enron Whistleblower Speaks to CNBC

    CNBC's Scott Cohn reports the former Enron CEO may be working on an agreement to leave prison earlier than expected. And Sherron Watkins, former Enron whistleblower, reacts to the news Skilling may strike a deal.

  • Possible Deal in the Works For Enron's Skilling Thursday, 4 Apr 2013 | 10:08 AM ET
    Possible Deal in the Works For Enron's Skilling

    In an exclusive report, CNBC's Scott Cohn has learned the former CEO of Enron may be getting out of prison much earlier than expected.

  • Former Enron CEO May Leave Prison Early Thursday, 4 Apr 2013 | 9:18 AM ET
    Former Enron CEO May Leave Prison Early

    Under the terms of a possible agreement, Jeffrey Skilling could be getting out of prison much earlier than expected, reports CNBC's Scott Cohn. (4:29)

  • Goldman Sachs Statement on Ex-Goldman Trader Wednesday, 3 Apr 2013 | 1:01 PM ET
    Goldman Sachs Statement on Ex-Goldman Trader

    CNBC's Mary Thompson reports Matthew Taylor is leaving the courthouse after entering a guilty plea to one count of wire fraud, and Goldman Sachs has made a statement.

  • Ex-Goldman Trader Pleads Guilty to Wire Fraud Wednesday, 3 Apr 2013 | 11:43 AM ET
    Ex-Goldman Trader Pleads Guilty to Wire Fraud

    CNBC's Mary Thompson has the latest details from a statement issued by Matthew Taylor's attorney on his client's guilty plea to one count of wire fraud.

  • New Life For SAC's Cohen's Old Problems Wednesday, 3 Apr 2013 | 10:45 AM ET
    New Life For SAC's Cohen's Old Problems

    CNBC's Scott Cohn reports the details on a court decision reviving some old allegations against SAC's Steve Cohen. (1:21)