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  • Stanford 'Wife' Should Face Contempt Charge: Lawyer Friday, 14 Aug 2009 | 4:19 PM ET
    Allen Stanford

    One of Allen Stanford's mistresses—whom the accused fraudster euphemistically refers to as "outside wives"—should be held in contempt of court, according to the court-appointed Receiver in the case.

  • Getting Paid—The Extreme Version Wednesday, 12 Aug 2009 | 11:53 AM ET
    business check

    What to do when your business has been stiffed.

  • Inside G.E., a Little Bit of Enron Friday, 7 Aug 2009 | 10:39 AM ET

    This week General Electric agreed to pay $50 million to settle a suit filed by the Securities and Exchange Commission that said the company fiddled with its books repeatedly early in this decade. In at least one case, that allowed it to preserve its reputation for making the numbers. Some of the details are eerily reminiscent of Enron.

  • Ex-AIG CEO Greenberg Settles Fraud Charges With SEC Thursday, 6 Aug 2009 | 4:53 PM ET
    Maurice "Hank" Greenberg

    The SEC said Thursday that former American International Group CEO Maurice "Hank" Greenberg agreed to pay a $15 million fine to settle fraud charges.

  • Gimme a Job—Or I’ll Sue! Thursday, 6 Aug 2009 | 9:06 AM ET

    You don't have to wait for the Labor Department report on employment. If you want to know the state of the job market, look no further than Trina Thompson. A recent IT grad, Thompson is suing her college because she hasn't found a job yet.

  • SEC's Schapiro: Ban on Flash Trading Will Take Time Wednesday, 5 Aug 2009 | 4:48 PM ET

    A regulatory ban on so-called flash trading, which gives some big brokerage firms a split-second advantage in buying and selling stocks, will take time to implement, Securities and Exchange Commission Chairman Mary Schapiro told CNBC.

  • Medical Papers by Ghostwriters Pushed Therapy Wednesday, 5 Aug 2009 | 11:46 AM ET
    Pills

    Newly unveiled court documents show that ghostwriters paid by a pharmaceutical company played a major role in producing 26 scientific papers backing the use of hormone replacement therapy in women, suggesting that the level of hidden industry influence on medical literature is broader than previously known.

  • Stanford Lawyer Quits over Cash Saturday, 1 Aug 2009 | 5:59 PM ET

    Accused fraudster Allen Stanford once claimed a net worth of more than $2 billion. But with all of his assets frozen by a federal judge, he has no funds to pay his high-powered criminal defense lawyer, Dick DeGuerin of Houston.

  • Major Investor in Russia Sees Wide Fraud Scheme Friday, 31 Jul 2009 | 11:30 AM ET
    Russian Flag

    William F. Browder, once the largest foreign investor in the Russian stock market, filed court documents in New York this week contending that other Western investors in Russia had colluded with the authorities to steal hundreds of millions of dollars through tax refunds and then laundered the money through New York banks.

  • UK Hacker Must Be Extradited to US: Court Friday, 31 Jul 2009 | 6:35 AM ET

    Britain's High Court on Friday rejected an autistic British man's bid to avoid extradition to the United States to face trial for hacking into military computers.

  • UBS Sued over 77-Year-Old Lady's $26 Million Loss Wednesday, 29 Jul 2009 | 4:24 AM ET
    UBS

    Swiss banking giant UBS is being sued in Hong Kong for allegedly duping a 77-year-old woman into buying highly risky derivative investments that cost her nearly $26 million in losses.

  • Mayors, Rabbis Arrested in Corruption Sting Thursday, 23 Jul 2009 | 5:27 PM ET

    The mayors of two New Jersey cities, a current and former state legislator and five rabbis were among more than three dozen people arrested Thursday in a sweeping corruption investigation.

  • Hunting Remnants of a Fraudulent Life of Luxury Monday, 20 Jul 2009 | 11:38 AM ET
    Marc S. Dreier

    The lawyers working to recover the assets of Marc Drier -- a lawyer arrested for defrauding his investors of $700 million -- face unexpected obstacles as they disentangle the web of fraud, says the New York Times.

  • Sotomayor On the High Court: What Business Can Expect Wednesday, 15 Jul 2009 | 12:16 PM ET
    Sonia Sotomayor, as nominee for US Supreme Court Justice.

    Though Sonia Sotomayor is widely expected to win confirmation to the US Supreme Court, the business community is still wondering just what kind of justice she'll be

  • Calpers Sues Over Credit Ratings of Securities Wednesday, 15 Jul 2009 | 4:05 AM ET

    The largest public pension fund in the US has filed suit in connection with in losses that it says were caused by “wildly inaccurate” credit ratings, the New York Times reports.

  • Claims Total Over 15,400 in Fraud by Madoff Friday, 10 Jul 2009 | 11:04 AM ET

    The final tally of claims from victims of Bernard L. Madoff’s vast Ponzi scheme comes to more than 15,400, substantially higher than the 8,800 claims that had been filed by the first of June.

  • Jackson's Mom Asks to Manage Son's Estate Monday, 6 Jul 2009 | 2:54 PM ET

    Katherine Jackson urged the court to let her stay in charge of her son's estate—a request she was denied—as her attorneys filed papers saying, "these circumstances are anything but ordinary."

  • Another Music Lawsuit, but with an Unexpected Target Thursday, 2 Jul 2009 | 3:57 AM ET

    It's not surprising that there's yet another lawsuit claiming copyright infringement in the music industry. But it is surprising that this latest suit doesn't attack typical pirates, but companies that actually run paid online music subscription services.

  • UK Freezes $100 Million in Stanford-Linked Assets Tuesday, 30 Jun 2009 | 4:00 PM ET
    Allen Stanford

    Britain's Serious Fraud Office (SFO) froze over $100 million of assets linked to Allen Stanford, the US financier accused of a massive fraud.

  • Madoff Investors 'Greedy': Hendry Tuesday, 30 Jun 2009 | 4:52 AM ET

    People who invested with Bernard Madoff were greedy and happy to accept high returns without probing too much in the way these were achieved, Hugh Hendry, chief investment officer at hedge fund Eclectica, told CNBC Tuesday.