Wednesday, 23 Jul 2008 | Source: Reuters
New York attorney general Andrew Cuomo is preparing to file civil securities-fraud charges against UBS, possibly as early as this week, the Wall Street Journal said on Wednesday.
Thursday, 17 Jul 2008 | Source: The Associated Press
A U.S. Senate subcommittee accused banks in Switzerland and Liechtenstein of helping wealthy Americans evade billions in taxes each year, and urged the establishment of tougher laws to combat offshore tax havens around the world.
Wednesday, 16 Jul 2008 | Source: Reuters
Former Samsung Group chief Lee Kun-hee, one of South Korea's most powerful businessmen, was handed a suspended 3-year jail sentence on Wednesday for tax evasion but was cleared of other charges.
Monday, 14 Jul 2008 | Source: Reuters
U.S. securities regulators are boosting efforts to stop the spread of false rumors that threaten financial institutions, after a week that saw steep slides in the shares of Fannie Mae, Freddie Mac and Lehman Brothers.
Thursday, 26 Jun 2008 | Source: Reuters
Massachusetts authorities sued two subsidiaries of Swiss bank UBS Thursday, charging they misled investors about how safe auction rate securities were.
Wednesday, 25 Jun 2008 | Source: The New York Times
An Italian businessman who was accused last year by the entrepreneur Ron Burkle of misusing more than $1 million he had put up for investments was arrested on Tuesday and charged with fraud and money laundering, The New York Times reports.
Thursday, 19 Jun 2008 | Source: CNBC.com
During a press conference to announce the arrest of 60 people for mortgage fraud, the Department of Justice offered tips for consumers to protect themselves.
Thursday, 19 Jun 2008 | Source: CNBC staff and wire reports
Two former Bear Stearns managers have surrendered to face criminal charges linked to the collapse of a hedge fund that bet heavily into subprime mortgages before the market collapsed, federal authorities said.
Thursday, 19 Jun 2008 | Source: CNBC.com
Morgan Stanley will take a $120 million revenue hit after a suspected rogue trader incorrectly valued his positions in the credit derivatives market, the Financial Times reported on Thursday.
Wednesday, 18 Jun 2008 | Source: CNBC.com
The indictment of two Bear Stearns hedge fund managers for securities fraud is expected to be announced later on Thursday in connection with a fund tied to the subprime lending market, CNBC has learned.
Wednesday, 11 Jun 2008 | Source: Reuters
The manhunt for a hedge fund manager who skipped his prison date and may have killed himself dragged into a third day Wednesday as police look for a body and other agents search for a rich man who may be on the run.
Friday, 6 Jun 2008 | Source: Reuters
Corrupt officials are raking off a sum equivalent to one third of Russia's annual budget, or $120 billion, a senior prosecutor was quoted as saying on Friday.
Friday, 6 Jun 2008 | Source: The New York Times
Under pressure from the authorities, UBS is considering whether to divulge the names of up to 20,000 of its well-heeled American clients, the NYT reports.
Thursday, 5 Jun 2008
Broadcom co-founder Henry T. Nicholas III was indicted Thursday on fraud, conspiracy and drug charges—including allegations he spiked the drinks of technology executives and customer representatives with ecstasy and maintained a warehouse for ecstasy, cocaine and methamphetamine.
Saturday, 31 May 2008 | Source: Reuters
A former Credit Suisse investment banker convicted of leaking inside information about pending mergers was sentenced to 10 years in prison by a federal judge Friday.
Posts |
TOPIC : Corporate Fraud
15 Apr 2008
The resignation of General Re's CEO, apparently in response to pressure from Federal prosecutors, is generating some heated debate on whether Washington should stay out of Warren Buffett's boardroom.... Read More
14 Apr 2008
General Re Chairman and CEO Joseph Brandon, who had once been seen as a possible successor to Warren Buffett, has resigned.... Read More
7 Apr 2008
The Federal government is trying to get Warren Buffett to fire one of his top executives on a question of integrity, according to The Wall Street Journal. Citing "people familiar with the situation," today's Journal says, "Federal prosecutors are pressuring Berkshire Hathaway to replace the chief executive of its reinsurance subsidiary, General Re."... Read More
25 Feb 2008
Four former executives of Berkshire Hathaway's General Re have just been found guilty in a closely watched criminal fraud trial that could have brought Warren Buffett to the witness stand. ... Read More
8 Feb 2008
Warren Buffett won't be going to Hartford, Connecticut to testify in a criminal corporate fraud trial involving former executives of Berkshire Hathaway subsidiary General Re.... Read More
VIDEO | TOPIC : Corporate Fraud
A look at UBS' response to the allegations from Attorney General Andrew Cuomo
New York Attorney General Andrew Cuomo discusses an auction-rate securities probe regarding UBS
NY Fed president Timothy Geithner discusses the current state of the financial regulatory system and the implications of...
A look at whether Google might be giving up its fight against advertising, with Tom Cuthbert, Click Forensics president/...
An inside look at how friends of Angelo Mozilo were hooked up with sweetheart loans, with Robert Feinberg, Countrywide f...
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