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Crime Investment Fraud

  • Judge: DOJ is not 'pulling any punches'

    Hon. Richard Holwell, former federal judge, addresses why he thinks no Wall Street executives have been prosecuted during the recent financial crisis and if there has been a breakdown in the justice system.

  • A former SAC Capital Advisors trader wants to cite in court some 2012 testimony given by the hedge fund's founder Steven Cohen, claiming it rebuts the government's case.

  • Fmr. CFO: Madoff Securities forged documents during audit

    CNBC's Scott Cohn reports new details on just how far Bernard Madoff went to hide his investment fraud.

  • Steven A. Cohen

    SAC Capital Advisors will shut down its London office by the end of the year as the hedge fund downsizes, according to a memo sent to staff on Tuesday.

  • Bernard Madoff

    If the Madoff trustee is successful in suing banks for ignoring warning signs, the liability of financial firms could be enormous in future cases.

  • Steven A. Cohen

    As legal bills rise, billionaire hedge-fund manager Steven A. Cohen has sold stock, and now artwork, to meet withdrawal requests from investors. NYT.

  • A new report from FINRA Investor Education gives surprising details on who’s most likely to get scammed. You may be more vulnerable than you think.

  • Fabrice Tourre

    Ex-Goldman VP Fabrice Tourre asked a federal judge to dismiss the SEC case against him or set a new trial.

  • China's 'Madoff'' execution raises questions

    CNBC'S Eunice Yoon reports questions remain whether Zeng Chengjie, found guilty of defrauding investors in a Ponzi scheme, was a con man or a victim of China's shadow banking system.

  • Two charged in 'London Whale' case

    The U.S. has filed criminal complaints against Julien Grout and Javier Martin-Artajo and will hold a news conference today to discuss details of the case, reports CNBC's Kate Kelly.

  • 9 indicted in largest penny stock scheme

    CNBC's Scott Cohn has the latest details on a penny scheme totaling $140 million resulting in 9 people indicted.

  • FBI indicts 9 in penny stock scheme

    CNBC's Scott Cohn has the latest on a penny stock fraud which totaled over $140 million. The Justice Department is calling it the largest penny stock scheme ever.

  • Parameter Capital Management, which had managed money for SAC since 2010, traded mainly financial stocks.

  • A Roy Lichtenstein hanging at Christie's in London

    Convicted Ponzi schemer Marc Dreier is being forced to turn over his multimillion-dollar art collection, including works by Andy Warhol and Mark Rothko, to a victim of his fraud.

  • Tourre found guilty of mortgage fraud

    Ron Geffner, former SEC enforcement attorney, discusses Thursday's verdict after the jury found former Goldman Sachs trader Fabrice Tourre liable for his role in defrauding investors.

  • 'Fabulous Fab' found liable

    After a day and a half of deliberation a jury found former Goldman Sachs banker Fabrice Tourre liable on six of seven civil counts linked to a bet on the housing market, reports CNBC's Mary Thompson.

  • Former Goldman Sachs bond trader Fabrice Tourre arrives at Manhattan federal court with his lawyers in the civil fraud case against him, in New York, August 1, 2013.

    The former Goldman Sachs bond trader known as "Fabulous Fab" was found liable on six of seven counts of defrauding investors in a mortgage securities fraud case brought by the SEC.

  • Defense rests in 'Fabulous Fab' trial

    The defense team for former Goldman Sachs trader Fabrice Tourre accused of defrauding investors in a mortgage deal six years ago rested yesterday without calling any witnesses, reports CNBC's Scott Cohn with the latest details.

  • Paolo Pellegrini's combative testimony was not what the S.E.C was looking for.

    The SEC had hoped to use testimony from Paolo Pellegrini to support its case against Fabrice Tourre, charged with defrauding investors, but Pellegrini testified the opposite.

  • Investor Fraud Keeps Rising: Pro

    Hitesh Patel, U.K. forensic partner at KPMG, discusses the U.K.'s fraud barometer, and how fraud against investors has quadrupled since the beginning of the downturn.