Under the proposed settlement, Basic Research will pay a refund of $25 per box after being sued by law firms on behalf of consumers who purchased the product called Akavar beginning in 2007.. A Basic Research representative didn't respond to requests for comment. In 2007, a proposed class-action lawsuit was filed in U.S. District Court in Utah against Basic...» Read More
Federal prosecutors say disgraced Florida hedge fund manager Arthur Nadel wrote letters home while he was fleeing from authorities last month, including one telling his family he "really anticipated" being labeled a "Mini-Madoff."
Nicholas Cosmo, the Long Island man accused of running a $380 million Ponzi scheme will appear in Federal Court in Central Islip, New York on Friday.
Whistleblower Harry Markopolos, whose warnings about the Madoff scandal fell on deaf ears at the Securities and Exchange Commission for years, has provided the SEC's Inspector General with new information about an alleged "mini-Madoff" fraud that is still underway, CNBC has learned.
The names of several thousand clients who lost money investing with Bernard Madoff have been released in a court filing that reads like a Who's Who: former Los Angeles Dodgers pitcher Sandy Koufax, actor Kevin Bacon and even Madoff's defense lawyer.
Hall of Fame pitcher Sandy Koufax. Actor Kevin Bacon. World Trade Center developer Larry Silverstein. All three have at least one thing in common: Their names appear on a list of several thousand clients who lost money investing with Bernard Madoff. The list has been made public in a court filing in U.S. Bankruptcy Court in Manhattan.
Hedge fund manager Arthur Nadel, arrested last week on fraud charges, has agreed to have his assets frozen.
PCCW is holding an extraordinary general meeting Wednesday in relation to a proposed $2.1 billion privatization bid. But the deal is under scrutiny amid claims that unknown parties may have tried to illegally influence the outcome of today's vote
Nicholas Cosmo, the Long Island man accused of running a $370 million dollar Ponzi scheme, remains jailed following a bail hearing today.
As Bernard Madoff awaits his fate inside his Manhattan penthouse, he is getting a new crew to keep him safe.
Accused Ponzi-schemer Nicholas Cosmo onced owed tens of thousands of dollars in gambling debt to the Genovese crime family, the latest twist in a scheme federal authorities believed bilked small investors out of $370 million, according to people with knowledge of the matter.
The owner of a Long Island investment firm accused of cheating people out of more than $100 million is expected to appear in court Tuesday.
Several dozen employees, who work in the legitimate branch of Bernard Madoff's firm, are being laid off, according to The Wall Street Journal.
It's been, a long, pricey road: years of conflict, a four year legal battle culminating in several weeks of court testimony.
Former Enron CEO Jeffrey Skilling, whose 2006 convictions were upheld by a three-judge appelate panel earlier this month, is appealing that decision to the full Fifth Circuit Court of Appeals.
A missing pilot's three-day run from authorities -- and personal and financial ruin -- ended when authorities found him inside an isolated campground tent.
Federal marshals on Tuesday pressed their search for an investment manager they believe faked a distress call before parachuting from his plane over Alabama and disappeared on a red motorcycle he had stashed in advance.
The woman who pulled in European money for Bernie Madoff has disappeared from view, the New York Times reports.
U.S. Bankruptcy Judge Burton Lifland on Tuesday approved the transfer of $28.1 million to cover expenses tied to the liquidation of Bernard Madoff's investment firm.
An appeals court says there will be no new trial for a former District of Columbia judge who tried to sue his dry cleaners for $54 million over a lost pair of pants.
Sometimes, it's the only option you've got left if you're being taken advantage of. But you better be prepared for a long, hard slog.