Crime Investment Fraud

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  • NEW YORK, April 20- A U.S. appeals court on Wednesday upheld the convictions of five former employees of Bernard Madoff's firm who prosecutors said helped their boss conceal his multibillion-dollar Ponzi scheme for years. The 2nd U.S. Circuit Court of Appeals in New York rejected arguments by the ex-employees' lawyers challenging various lower-court rulings...

  • HOUSTON, April 14- Houston sued Internet banking company BofI Holding Inc. for securities fraud on Thursday, prompting its shares to sink on allegations it relied on unlawful lending practices and off- balance-sheet entities to boost profits. The suit filed by the Houston Municipal Employees Pension System in U.S. District Court Southern District of...

  • NEW YORK, April 14- A top official of a New York City suburb was charged on Thursday with defrauding investors who helped finance a controversial minor league baseball stadium, in what authorities called the first criminal securities fraud prosecution involving municipal bonds. Christopher St. Lawrence, the elected supervisor of Ramapo, New York, was charged...

  • Lagarde: I welcome Treasury move on inversions

    CNBC's Sara Eisen speaks with IMF Managing Director Christine Lagarde about her views on the U.S. tax regime as well as global monetary policy.

  • NEW YORK, April 14- Two Ramapo, New York, officials have been indicted in what the federal government believes is the first criminal securities fraud prosecution involving municipal bonds. A 22- count indictment unveiled on Thursday charges Christopher St. Lawrence, the town supervisor, and N. Aaron Troodler, former executive director of the non-profit Ramapo...

  • NEW YORK, April 13- A former analyst at a New York investment fund was arrested on Wednesday on charges that he made approximately $1.5 million trading on inside information about Apollo Global Management's nearly $7 billion deal for security company ADT Corp.. John Afriyie, 28, was charged in a criminal complaint filed in Manhattan federal court for...

  • NEW YORK, April 13- A former analyst at a New York investment fund was arrested on Wednesday on charges that he made approximately $1.5 million trading on inside information about Apollo Global Management's nearly $7 billion deal for security company ADT Corp.. John Afriyie, the ex-analyst, was charged with one count of securities fraud in a criminal complaint...

  • Whistleblower suspects CIA behind Panama Papers leak

    CNBC's Eamon Javers speaks with Swiss bank whistleblower Brad Birkenfeld about the Panama Papers leaks.

  • Asia's Trump concerns

    Curtis Chin, Milken Institute Asia Fellow and former Ambassador to the Asian Development Bank, discusses how Asia views Donald Trump and his current political rhetoric concerning countries in the region, as well as the effect of Chinese leaders being outed in the Panama Papers.

  • April 11- U.S. regulators charged Texas Attorney General Ken Paxton on Monday for his alleged role in a stock scam that defrauded investors in a Texas- based technology company called Servergy Inc.. The SEC's civil case followed a related criminal case against Paxton for securities fraud. Last year, a Texas state grand jury indicted Paxton on two fraud charges...

  • Panama Papers shines harsh light on art market

    CNBC's Robert Frank looks at the art scandal unearthed in the Panama Papers leak.

  • Tech takes on rouge traders

    Colleen Graham, Chief Supervisory Officer at Signac, discusses Palantir and Credit Suisse's joint technology initiative to crack down on rogue traders.

  • How the fiduciary standard protects you

    It’s a funny phrase you may have never heard of: fiduciary standard. If you’re unsure what it means, it’s a safeguard meant to protect you and your hard-earned money for your golden years. CNBC Sharon Epperson explains.

  • Ross McLellan, a former State Street executive vice president, was arrested on charges including securities fraud and wire fraud, prosecutors said. The indictment also charged Edward Pennings, a former senior managing director at State Street who is believed to be living overseas and was not arrested, prosecutors said. The case followed a 2014 settlement...

  • April 5- U.S. prosecutors announced charges on Tuesday against two former State Street Corp executives for engaging in a scheme to defraud six clients through secret commissions applied to billions of dollars of trades. Ross McLellan, a former exectuvie vice president at State Street, was arrested on charges including securities fraud and wire fraud...

  • 'Panama papers' leak reveals network of offshore shell companies

    CNBC's Eamon Javers reports a massive leak of documents has revealed the offshore holdings of dozens of politicians and public figures around the world.

  • 'Panama papers' exposes world leaders

    CNBC's Eamon Javers reports on an anonymous leak of more than 11 million documents from a Panama-based law firm.

  • 'Panama 'Papers leak shows money rings of leaders

    An anonymous leak of more than 11 million documents implicates government heads, and others in setting up "shell" companies to harbor billions of dollars.

  • US asks banks for details on 1MDB dealings

    Officials ask Deutsche Bank and JPMorgan Chase for details on their dealings with Malaysia's state-investment fund.

  • Louis Bacon, chief executive officer of Moore Capital Management LLC, speaks to an attendee during the Dubin Breast Center Gala in New York, U.S., on Monday, Dec. 12, 2011.

    Louis M. Bacon's charitable foundation was a victim of a fraudulent scheme by Andrew Caspersen, reports the New York Times.