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  • Galleon Preparing to Unwind its Hedge Fund Holdings Wednesday, 21 Oct 2009 | 9:41 AM ET
    Raj Rajaratnam

    Galleon Group is winding down its hedge fund holdings, the company's embattled CEO Raj Rajaratnam said in a statement.

  • TLC Network Says It Is Suing Jon Gosselin Friday, 16 Oct 2009 | 10:25 AM ET
    Jon & Kate Gosselin

    The TLC network says it's suing Jon Gosselin  for breaching his contract as star of the reality show "Jon & Kate Plus 8."

  • Allen Stanford Appears in Rough Shape at Court Hearing Wednesday, 14 Oct 2009 | 6:24 PM ET
    Allen Stanford

    Federal prosecutors say they can be ready to try accused fraudster Allen Stanford a year from now, but the Judge in the case has agreed to hold off on setting a trial date for at least 60 days, after defense attorneys said they needed more time to review the millions of documents in the case.

  • Madoff Investors Sue SEC for Negligence Wednesday, 14 Oct 2009 | 1:28 PM ET

    Two former investors are suing the Securities and Exchange Commission for $2.4 billion in damages, claiming the agency acted with negligence while examining Bernard Madoff's investment business.

  • When Law Obscures the Facts Friday, 9 Oct 2009 | 11:39 AM ET

    The collapse of the auction-rate securities market is a largely forgotten part of the financial crisis, a disaster that was soon overwhelmed by bigger ones — except for the investors who were caught up in it.

  • Son of NYC Socialite Astor Could Get 25 Years Friday, 9 Oct 2009 | 9:27 AM ET

    Philanthropist Brooke Astor's 85-year-old son had it all but wanted more, and now he might have to face his remaining years in a stark prison cell after being convicted of looting his ailing mother's nearly $200 million estate.

  • Debate on Violent Video Games May Finally Get Settled Tuesday, 29 Sep 2009 | 3:48 PM ET
    GTA: San Andreas

    The issue of whether minors should be legally prohibited from buying violent video games may soon be settled – once and for all.

  • Bernard L. Madoff

    Irving H. Picard, the court-appointed trustee hunting down any remaining spoils of Bernard L. Madoff’s giant Ponzi scheme, plans to sue Mr. Madoff’s two sons, his niece and his brother this week, seeking the return of $198 million.

  • Is Your State on the List? Wednesday, 23 Sep 2009 | 8:32 AM ET

    With no end in sight to the country's job market woes, the House has agreed to give the jobless in a majority of states another 13 weeks of unemployment insurance benefits.

  • House Bill Adds to Jobless Benefits in 27 States Wednesday, 23 Sep 2009 | 8:23 AM ET

    With no end in sight to the country's job market woes, the House has agreed to give the jobless in a majority of states another 13 weeks of unemployment insurance benefits.

  • Bank of America Sued over Mutual Funds Friday, 18 Sep 2009 | 10:42 AM ET
    Bank of America

    It’s been four decades since the go-go years of the late 1960s, when hot mutual funds captured the imagination of investors by reporting performance that was too good to be true. It’s been so long that Bank of America seems to have forgotten what happened.

  • SEC Set to Target Credit Rating Agencies, Flash Trades Thursday, 17 Sep 2009 | 12:00 PM ET

    The SEC will discuss rules to improve oversight of the credit rating industry as well as a proposed ban  on flash trades—or buy and sell orders that exchanges send to a specific group of participants before revealing them publicly.

  • Small Debit Card Purchases Equal Big Money for Banks Wednesday, 9 Sep 2009 | 11:30 AM ET

    Banks and credit unions have long pitched debit cards as a convenient and prudent way to buy. But a growing number are now allowing consumers to exceed their balances — for a price.

  • 'Hillary: The Movie' Gets New Airing at High Court Wednesday, 9 Sep 2009 | 9:17 AM ET
    Secretary of State Hillary Rodham Clinton (AP Photo/J. Scott Applewhite)

    "Hillary: The Movie" is returning to the Supreme Court for a limited engagement and with the chance to overhaul laws governing federal campaigns ranging from the White House to the halls of Congress.

  • David Einhorn

    A recent court ruling that forced two ratings companies to defend fraud claims is a "game-changer" for the industry, said David Einhorn, head of Greenlight Capital.

  • Firing Scandal Rocks Secretive Actuary Group Tuesday, 8 Sep 2009 | 2:40 PM ET

    The American Academy of Actuaries, the public face of a behind-the-scenes profession, is in disarray after quietly sacking its incoming president, then trying to conceal both his ouster and an unpleasant secret from his past.

  • Tax Havens Face Global Crackdown: OECD Chief Wednesday, 2 Sep 2009 | 4:50 PM ET

    A global crackdown on bank secrecy and offshore tax havens is gaining steam due to  the worldwide financial crisis, the head of the OECD told CNBC.

  • SEC Says It Botched 5 Madoff Probes, Despite Warnings Wednesday, 2 Sep 2009 | 3:46 PM ET
    Bernie Madoff mugshot

    The watchdog of the Securities and Exchange Commission has found that three agency exams and two investigations of Bernard Madoff's business were incompetent, despite ample warnings of the multibillion-dollar fraud.

  • Accused Fraudster Stanford Has Heart Test Tuesday, 1 Sep 2009 | 10:26 AM ET
    Allen Stanford

    A lawyer for Texas billionaire R. Allen Stanford says his client has had a medical procedure that allows doctors to diagnose and treat certain heart conditions.

  • Dozens of Advisors Added to Stanford Suit Monday, 31 Aug 2009 | 9:31 PM ET

    Dozens of financial advisors for the defunct Stanford Financial Group, which sold millions of dollars worth of allegedly fraudulent certificates of deposit to unsuspecting customers, were added to a federal lawsuit by the court-appointed Receiver in the case.