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Crime Investment Fraud

  • This woman lost $800,000 in the of the biggest corporate fraud cases ever

    Marlene Roth, a longtime employee of MCI and Worldcom, found out the hard way that if a company hits a rough patch so will your investments.

  • BOSTON, July 20- A former Akebia Therapeutics Inc employee accused of insider trading faced the growing possibility of having his bail revoked as a U.S. prosecutor argued on Thursday that he posed a flight risk and was growing "increasingly unhinged." Schultz Chan, who had been the director of biostatistics at the Cambridge, Massachusetts- based...

  • FRANKFURT, July 18- Deutsche Boerse said on Tuesday that Frankfurt's public prosecutor has offered to drop an investigation into Chief Executive Carsten Kengeter over allegations of insider trading if it accepts two fines totalling 10.5 million euros. Acceptance of the offer would lift a cloud over Kengeter, whose reputation has been damaged by his failed...

  • *Deutsche Boerse would be fined 10.5 mln euro under deal. FRANKFURT, July 18- Deutsche Boerse said on Tuesday Frankfurt's public prosecutor has offered to drop an investigation into Chief Executive Carsten Kengeter over allegations of insider trading if it agrees to pay two fines amounting to 10.5 million euros. Acceptance of the offer would lift a cloud over...

  • Golden Bitcoin coins.

    Fintech startups have raised a record $1.27 billion by selling bitcoin and other cryptocurrencies through initial coin offerings (ICOs).

  • Senator Elizabeth Warren, a Democrat from Massachusetts

    The consumer protection bureau is essential to stopping financial institutions from harming consumers, says Jeff Sovern, et al.

  • NEW YORK— The jury at the securities fraud trial of "Pharma Bro" Martin Shkreli has heard investors accuse the quirky former biotech CEO of repeatedly giving them the runaround when they tried to pull their money out of his failing health care hedge fund. "I don't think it mattered to him— it was just what he thought he could get away with," said Richard Kocher, a New...

  • NEW YORK— An engineering research associate at the Massachusetts Institute of Technology has been arrested on insider trading charges filed in New York. Authorities said Wednesday that Fei Yan was charged with earning $120,000 in illegal profits from secrets stemming from two corporate mergers last year. The 31- year-old Chinese citizen, arrested at his...

  • William Browder, chief executive officer of Hermitage Capital Management.

    'You don't just risk losing money investing [in Russia]. You risk your life,' says Hermitage Capital's William Browder.

  • BOSTON, July 12- A research scientist at Massachusetts Institute of Technology was arrested on Wednesday on charges that he engaged in insider trading based on information he obtained from his wife, a corporate lawyer working on a deal involving a mining company. Fei Yan, 31, was arrested in Massachusetts after federal prosecutors in Manhattan accused him of...

  • July 12- Martin Shkreli was ousted as chief executive of drug company Retrophin Inc after disobeying directions from the board of directors and lying about it, the board's former chairman testified at Shkreli's securities fraud trial on Wednesday. The former chairman, Steven Richardson, told jurors in federal court in Brooklyn that he met with Shkreli in...

  • Fourteen people charged in $147 million boiler room scheme targeting senior citizens

    CNBC's Sue Herera reports on a scheme to defraud investors, including senior citizens, and forcing them to artificially inflate stocks.

  • BOSTON, July 12- A post-doctoral associate at Massachusetts Institute of Technology was arrested on Wednesday on charges he engaged in insider trading ahead of news that Sibanye Gold Ltd planned to acquire Stillwater Mining for $2.2 billion, prosecutors said. Fei Yan, 31, was arrested by the Federal Bureau of Investigation in Massachusetts after federal...

  • July 12- Martin Shkreli was ousted as chief executive of drug company Retrophin Inc after disobeying directions from the board of directors and lying about it, the board's former chairman testified at Shkreli's securities fraud trial on Wednesday. The former chairman, Steven Richardson, told jurors in Brooklyn federal court that he met with Shkreli in...

  • Fei Yan, 31, was arrested by the Federal Bureau of Investigation in Massachusetts after federal prosecutors in Manhattan brought charges against him for securities fraud and wire fraud.

  • July 10- An investor in Martin Shkreli's hedge fund testified on Monday that the former drug company executive, now on trial for securities fraud in federal court in New York, reminded him of Dustin Hoffman's autistic character in the movie "Rain Man." Schuyler Marshall, chairman of the board of the real estate company Rosewood Corp, said under cross-examination...

  • Are some executives too big to jail?

    Jesse Eisinger, ProPublica senior reporter, shares his thoughts on why the Justice Department appears hesitant to prosecute corporate wrongdoing at times.

  • Martin Shkreli, former chief executive officer of Turing Pharmaceuticals and KaloBios Pharmaceuticals Inc, departs after a hearing at U.S. Federal Court in Brooklyn, New York.

    CNBC’s Meg Tirrell reports on the latest details from Martin Shkreli’s securities fraud trial, including the gag order issued against Shkreli and plea offers from the prosecution.

  • Prosecutors request gag order in 'pharma bro' Martin Shkreli trial

    CNBC's Meg Tirrell reports the latest developments from the fraud trial of "pharma bro" Martin Shkreli. Dr. Sam Waksal, founder of Kadmon and ImClone Systems, weighs in.

  • NEW YORK, July 4- Federal prosecutors on Monday asked a U.S. judge for a gag order muzzling former drug company executive Martin Shkreli, on trial for securities fraud charges, arguing that his statements to media could taint the jury and disrupt the case, court papers show. Shkreli's attorney, Benjamin Brafman, asked the judge that day to reject the request on the...