CHARLOTTE AMALIE, U.S. Virgin Islands— Legislators in the U.S. Virgin Islands have rejected a proposal to sell the former Hovensa oil refinery in St. Atlantic Basin Refining Inc. had pledged to employ more than 700 workers and make more than $1.6 billion in fixed payments. John de Jongh Jr. warned that the legislative action would have serious repercussions on the...» Read More
Also, how we need to acknowledge the mistakes of the past and make sure we don't repeat them in the future.
UBS was sued on Tuesday in a Swiss federal court by wealthy American clients seeking to prevent the disclosure of their identities as part of a tax-evasion investigation by the United States Justice Department.
Find out more about one of the most important figures in today's economic environment.
Don't miss the chance to ask questions and get answers directly from FDIC Chairman Sheila Bair.
The judge in the SEC's civil suit against Stanford Financial has recused himself after determining that "a person within the third degree of relationship" to him has "substantial holdings" managed by one of Stanford's companies.
Stocks started to claw back in the final hours of trading Friday after fears of nationalization smacked banks and sent the Dow to its lowest point in more than 10 years.
The trustee in charge of untangling the mess brought on by the Bernard Madoff scandal told investors Friday there was no indication the disgraced financier bought securities for his clients.
Stock index futures pointed to a weak open Friday with banks set to take a hammering on growing fears of nationalization for Citigroup and Bank of America.
The Securities and Exchange Commission obtained a court order halting an alleged Ponzi scheme by Hawaii-based Billions Coupons and its CEO Marvin R. Cooper that was targeting members of the Deaf community in the U.S. and Japan.
Arthur Nadel, the Florida money manager who briefly went missing last month after the six hedge funds he ran collapsed in an alleged "mini-Madoff" scheme, will remain behind bars at least awhile longer.
The New York Times reports on some of the biggest provisions in the stimulus bill - the ones that will hit you directly in the wallet.
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."
The attorney for former Enron CEO Jeffrey Skilling says he will appeal to the U.S. Supreme Court, now that an appellate court has denied his request to re-hear the case.
The number of Americans trading in marriage for cohabitation continues to rise. So, assuming that arrangement means commitment and longevity, couples need to make sure you have an estate plan in place to avoid some very unwelcome surprises down the road.
Prenuptial agreements are often associated with millionaire moguls and super celebs, but the truth is prenups are not only for the über rich and famous. In fact, people of all ages and ranges of net worth could find a lot of value in signing one before they tie the knot.
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.
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.
A 47-year-old New Mexico man has been arrested on charges alleging he mailed threatening letters containing suspicious powder to banks and federal offices around the country, federal officials announced Tuesday.
Nicholas Cosmo, the Long Island man accused of running a $370 million dollar Ponzi scheme, remains jailed following a bail hearing today.