Losses claimed by shareholders, measured by how much stock prices fell when alleged frauds were disclosed, shrank 45 percent in 2014 to an eight-year low of $57 billion, a study released Tuesday by Cornerstone Research and Stanford Law School showed. The average size dropped to $34 million, a three-year low, in 2014 from $86 million a year earlier, a study released...» Read More
A songwriter and music producer who claims he helped launch pop star Lady Gaga says she squeezed him out of her lucrative career after he co-wrote some of her songs, came up with her stage name and helped get her record deal.
While Alabama and Milan are rarely mentioned in the same breath, both locations now share something: they are making bankers nervous.
If there is a protracted battle on any nominee or if any nominee is withdrawn after they are proposed, the process has the potential to wipe out most of the summer and part of the fall. This would leave little time to pass any meaningful legislation before Congress adjourns before the mid-term elections.
Family members of admitted fraudster Bernard Madoff have insisted that they, too, are victims of the historic Ponzi scheme, and moved late Monday to dismiss a civil complaint alleging that they helped facilitate the fraud.
A television producer has pleaded guilty to trying to shake down David Letterman over the comic's sexual affairs.
The Justice Department is looking into whether hedge funds worked together to drive down the value of the euro, according to a report Wednesday in The Wall Street Journal.
My CNBC colleague Mary Thompson recently interviewed Harry Markopolos who for nearly ten years; tried, and failed, to alert regulators and investors of Bernie Madoff's $65 billion dollar Ponzi scheme.
Ever since his 1996 Toyota Camry shot up an interstate ramp, plowing into the back of an Oldsmobile in a horrific crash that killed three people, Koua Fong Lee insisted he had done everything he could to stop the car.
Fresh from a grueling appearance before Congress, Toyota's chief executive met with Transportation Secretary Ray LaHood on Thursday and pledged "to advance safety to the next level."
Delaware's short-selling senator thinks the practice is fine so long as predators don't step in and create another Bear Stearns or Lehman Brothers-type crisis.
Congress could have passed a more sweeping jobs bill with larger bipartisan support if Democrats had been more willing to work with Republicans, Sen. Charles Grassley told CNBC.
The court-appointed receiver who is tracking down the billions of dollars missing in the alleged Ponzi scheme has filed suit against the major parties' congressional campaign committee seeking the return of $1.6 million in contributions they received from company founder Allen Stanford and his top lieutenants.
House Ways and Means Committee Chairman Charles Rangel says he can't turn over political contributions linked to indicted billionaire Allen Stanford, because the money has already been donated to charity.
In the social-media age, Toyota’s crisis-management strategy never had a chance.
The Securities and Exchange Commission's case against accused fraudster Allen Stanford should be dismissed, according to his attorneys, in part because the certificates of deposit at the heart of the alleged scheme were not securities.
A Manhattan judge says it will take some time to decide whether Google can legally build the world's biggest digital library.
An October trial date in New York has been set for Raj Rajaratnam, charged in what prosecutors call history's largest hedge fund insider trading case. The founder of New York-based Galleon Group, entered a not guilty plea to an updated indictment released by prosecutors last week.
One year after the Securities and Exchange Commission accused Texas billionaire Allen Stanford of running a massive fraud through his offshore bank in Antigua, a group of Stanford investors is suing the region's central bank, calling it Stanford's "partner in crime."
An ex-Goldman Sachs programmer was charged on Thursday for stealing propriety computer codes used to support his former employer's high-frequency trading system.
The New York Attorney General's office is filing civil charges against Bank of America and its former CEO Ken Lewis, saying the bank misled investors about Merrill Lynch when it acquired the Wall Street bank in late 2008.