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  • Italy Intercepts Billions in Fake Treasurys Friday, 26 Jun 2009 | 4:52 AM ET

    Ever since two middle-aged men with Japanese passports were caught in Italy this month trying to smuggle a purported $134.5 billion in United States government bearer bonds into Switzerland, the Internet has been abuzz with theories.

  • Stanford in Jail as Prosecutors Protest Bond Thursday, 25 Jun 2009 | 8:09 PM ET

    A federal magistrate in Houston has agreed to release indicted billionaire Allen Stanford on bond, but the release has been delayed while prosecutors appeal the ruling.

  • Stanford Pleads Not Guilty; Trial Set for Aug. 25 Thursday, 25 Jun 2009 | 3:23 PM ET
    Allen Stanford

    Billionaire R. Allen Stanford, who faces charges of fraud and conspiracy on allegations he swindled investors out of $8 billion in an elaborate Ponzi scheme, pleaded not guilty Thursday. The detention hearing will begin shortly.

  • German Senior Citizens ‘Kidnap, Torture’ Advisor Wednesday, 24 Jun 2009 | 7:25 AM ET

    A group of well-to-do German senior citizens, who lost their savings in the credit crunch, staged a revenge attack and held their terrified financial advisor to ransom, according to several published reports Wednesday.

  • Madoff Lawyer Seeks 12-Year Term for Swindler Tuesday, 23 Jun 2009 | 9:57 AM ET
    Bernie Madoff mugshot

    Disgraced investment manager Bernard Madoff will be seeking leniency at his sentencing on June 29, according to a letter his lawyer filed with US District Court in New York.

  • Settlement Anticipated in UBS Secrecy Case Tuesday, 23 Jun 2009 | 6:01 AM ET
    UBS

    The Justice Department may drop a closely watched legal case aimed at forcing the Swiss bank UBS to divulge the names of 52,000 wealthy American clients suspected of offshore tax evasion, a United States official briefed on the matter said Monday, the New York Times reported.

  • Billionaire Stanford Enters Court in Shackles Friday, 19 Jun 2009 | 7:16 PM ET

    Texas billionaire R. Allen Stanford entered a federal courtroom to face charges that he ran a $7  billion Ponzi scheme in shackles, a stark contrast from his usual polished look.  Defense attorneys accused the government of grandstanding.

  • Brash Texas billionaire R. Allen Stanford was indicted and jailed Friday on charges his international banking empire was really just a Ponzi scheme built on lies, bluster and bribery.

  • Are Cookie Dough Concerns Half-Baked? Friday, 19 Jun 2009 | 4:51 PM ET
    Nestle Toll House

    So tell me, who doesn't like to eat the chocolate chip cookie batter before it's baked? But some folks are learning the hard way that it's not a great idea. And Nestle is paying the price.

  • Stanford To Have Texas Hearing, Declared Flight Risk Friday, 19 Jun 2009 | 2:50 PM ET
    Allen Stanford

    Magistrate Hannah Lauck (Lock) agreed with prosecutors during a hearing Friday in Richmond, Va., that Stanford poses a flight risk and ordered a detention hearing.

  • Bash or Bolster? Bank Bosses on Obama Blueprint Friday, 19 Jun 2009 | 1:03 PM ET

    President Obama's proposed financial reform has sparked a debate among lawmakers and members of the financial sector. Some argue that the plan's creation of a separate consumer protection agency will cause unnecessary confusion, while others say it  will give the Federal Reserve too much power. CNBC talked to the experts for their opinion on the proposal.

  • Democrats Scramble to Cut Costs From Health Plan Friday, 19 Jun 2009 | 12:10 PM ET
    Stethescope and money

    The high cost of securing health insurance for all Americans, the top domestic priority of President Obama, has Congressional Democrats scrambling to scale back their proposals or find ways to trim tens of billions of dollars a year from existing health programs.

  • Billionaire Stanford to Appear in Federal Court Friday, 19 Jun 2009 | 10:27 AM ET

    At least five individuals, including Texas financier Allen Stanford, have been arrested following a sweeping federal indictment over an alleged $8 billion Ponzi scheme, CNBC had learned. Stanford and the others are expected to appear before federal magistrates in three states Friday.

  • Recession Lesson From a Caveman Thursday, 18 Jun 2009 | 3:21 PM ET

    If you want to ride out the rest of this recession in a cave, that’s fine — just make sure it’s up to code. Just one of the valuable recession lessons you can learn from a caveman!

  • Stanford Receiver Rejects Motion Against Law Firm Thursday, 18 Jun 2009 | 12:40 PM ET

    The court-appointed Receiver in the Stanford case, Ralph Janvey, discounted last night's motion by Stanford's attorneys to disqualify the law firm of Baker Botts, one of Janvey's main law firms.

  • Summers: No Winners Or Losers In Financial Reforms Wednesday, 17 Jun 2009 | 3:13 PM ET
    Treasury Secretary Nominee Lawrence Summers

    National Economic Counsel Advisor Larry Summers told CNBC Tuesday that President Obama's call for new regulations in the financial industry has no winners or losers and is more like a re-organization than creating new agencies

  • Soros: Separate Trading from Commercial Banking Wednesday, 17 Jun 2009 | 4:09 AM ET
    George Soros

    The financial reform should include some way of separating banks' proprietary trading from commercial banking, although a return to regulation similar to the Glass-Steagall Act would be impractical, legendary investor George Soros wrote in the Financial Times.

  • President Barack Obama

    President Barack Obama is ready to roll out an overhaul of the intricate rules and systems that govern America's troubled financial institutions, proposing the most ambitious revision since the Great Depression.

  • Historic Anti-Smoking Bill Gives FDA New Powers Friday, 12 Jun 2009 | 6:24 PM ET
    Tobacco

    Historic anti-smoking legislation sped to final congressional passage on Friday— after a bitter fight lasting nearly a half-century— and lawmakers and the White House quickly declared it would save the lives of thousands of smokers of all ages.

  • FDA Wins Unprecedented Power to Regulate Tobacco Thursday, 11 Jun 2009 | 3:54 PM ET
    Tobacco

    The Senate has voted to give the government extensive new powers to decide how tobacco companies will make and market their products. Supporters say that could spare millions from smoking addiction and premature death.