Fifteen people have brought a lawsuit against Con Ed and NYC for their alleged carelessness that led to the 2014 Harlem fire.» Read More
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.
The heads of the Illinois state legislature said on Tuesday they will call the General Assembly into session to pass legislation on a special election to fill the U.S. Senate seat vacated by President-elect Barack Obama.
Illinois Gov. Rod Blagojevich was arrested on criminal charges on Tuesday, including trying to sell the U.S. Senate seat being vacated by fellow Democrat President-elect Barack Obama, federal prosecutors said.
Here are some of the more notorious prostitution scandals that have made their way into the public's view over the years.
A federal investigation into UBS concerning its sale of offshore private banking services to wealthy Americans is concentrating on senior and midlevel executives and bankers, and could result in one or more indictments, people briefed on the matter said on Monday, the New York Times reported.
The six major Hollywood studios sued RealNetworks, parent of the Rhapsody music service, to prevent it from distributing a new DVD copying software called RealDVD which launches Tuesday.
Former AIG Chairman and Chief Executive Officer Hank Greenberg and other former executives at the insurance giant have reached a settlement with a shareholder group suing them, a source close to the matter has told CNBC.