Four boats seized by U.S. authorities from imprisoned swindler Bernard Madoff and his right-hand man, Frank DiPascali, sold for nearly $2 million at auction on Tuesday, the U.S. Marshals Service said.
The Bill and Melinda Gates foundation increased its holdings in Waste Management, Coca Cola, McDonald's and Berkshire Hathaway Class B in the third quarter, causing the total value of the fund to rise by about $2.6 billion, according to an SEC filing.
Monday, 16 Nov 2009 | Posted By:
Scott Cohn | Source: CNBC.com
Potential losses to U.S. investors in Texas financier Allen Stanford's alleged Ponzi scheme are far more widespread than initially feared, according to a new analysis obtained by CNBC.
Hedge fund billionaire John Paulson's firm took a stake in the bank, while cutting holdings in Bank of America and its interest in Goldman Sachs, according to a regulatory filing on Friday.
McGraw-Hill is committed to its Standard & Poor's unit, and welcomes tougher regulation aimed at further transparency and accountability in the credit ratings industry, its chairman said on Wednesday.
A former enforcement lawyer with the U.S. Securities and Exchange Commission pleaded guilty to impersonating two people to help confessed Ponzi scheme operator Marc Dreier defraud hedge funds.
Wednesday, 4 Nov 2009 | Source: The Associated Press
JPMorgan Chase has agreed to a settlement worth more than $700 million over federal regulators' charges that it made unlawful payments to friends of public officials to win municipal bond business in Jefferson County, Ala.
Friday, 30 Oct 2009 | Posted By:
Scott Cohn | Source: CNBC.com
Jailed swindler Bernie Madoff said it was "amazing" that he didn't get caught sooner in his multi-billion-dollar Ponzi scheme, and that everything the SEC did to investigate him prior to 2006 was a waste of time, according to a jailhouse interview he gave to SEC Inspector General H. David Kotz.
Friday, 30 Oct 2009 | Posted By:
Scott Cohn | Source: CNBC.com
Potential losses to U.S. investors in Texas financier Allen Stanford's alleged Ponzi scheme are far more widespread than initially feared, according to a new analysis obtained by CNBC.
Wednesday, 28 Oct 2009 | Posted By:
Scott Cohn | Source: CNBC.com
The court-appointed receiver who is trying to unwind the alleged Allen Stanford Ponzi scheme says he has identified $1.5 billion in assets that could be returned to victims.