Crime Investment Fraud

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  • '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.

  • 42% of retailers haven't updated store terminal: CardHub

    CNBC's Landon Dowdy reports many retailers are lagging when it comes to installing new payment terminals and that could leave them vulnerable for fraudulent purchases made in their stores.

  • Andrew Caspersen, who had worked at PJT's Park Hill Group since 2013, was named in a criminal complaint filed in federal court in Manhattan, charging him with securities fraud and wire fraud. The U.S. Securities and Exchange Commission filed a parallel civil lawsuit, accusing Caspersen of engaging in the fraud using a shell company he controlled whose name was...

  • Fmr. Blackstone exec posts $5M bail

    CNBC's Kayla Tausche reports that Andrew Caspersen, a former executive at Blackstone, has posted $5 million bail after being arrested for wire and securities fraud.

  • Criminal charges for former PJT principle

    CNBC's Kayla Tausche reports the latest news in connection with the arrest of a former PJT Partners managing director for wire and securities fraud.

  • Dennis Hamilton, a former vice president of tax at the maker of car audio systems, pleaded guilty to one count of securities fraud in the federal court in New Haven, Connecticut, U.S. He also faces related U.S. Securities and Exchange Commission civil charges. Harman shares rose 12.5 percent on Oct. 31, 2013, after the Stamford, Connecticut- based company made its...

  • Securities fraud arrest

    CNBC's Kayla Tausche reports on charges of wire and securities fraud involving a former partner of Blackstone and PJT Partners.

  • ANDREW CASPERSEN CHARGED IN CRIMINAL COMPLAINT IN MANHATTAN FEDERAL COURT WITH SECURITIES FRAUD AND WIRE FRAUD.

  • NEW YORK, March 23- A U.S. appeals court on Wednesday ruled that a federal judge was justified in increasing the prison sentence of money manager and arts patron Alberto Vilar to 10 years in prison from nine for securities fraud. But the 2nd U.S. Circuit Court of Appeals in New York vacated the $10 million in fines imposed on Vilar and Gary Tanaka, his business partner...

  • NEW YORK, March 16- A former Goldman Sachs Group Inc employee hired to help the bank root out illegal conduct settled Securities and Exchange Commission insider trading charges by agreeing to give up $468,132 in profit he made by stealing from the Wall Street bank's email system, the SEC said. The SEC on Wednesday said Yue Han, who had worked in Goldman's...

  • NEW YORK, March 15- A former human resources consultant from Atlanta who admitted to participating in a $1.1 million insider trading scheme with a film producer avoided prison on Tuesday, as a federal judge rejected prosecutors' request for him to be incarcerated. Federal prosecutors in Manhattan had argued that a sentence of 37 to 46 months was reasonable for...

  • NEW YORK, March 15- The former chief financial officer of Kit Digital Inc pleaded guilty on Tuesday to engaging in a scheme to deceive investors about the now-bankrupt online video management company's financial health. Robin Smyth, 62, pleaded guilty in federal court in Manhattan to five counts including securities fraud, six months after U.S. prosecutors...

  • March 10- Two big New York law firms that represented the now-imprisoned financier Allen Stanford persuaded a federal appeals court on Thursday to throw out a lawsuit claiming that they helped conceal his $7.2 billion Ponzi scheme. Reversing a lower court ruling, the 5th U.S. Circuit Court of Appeals in New Orleans said Chadbourne& Parke and Proskauer Rose were...

  • NEW YORK, March 10- A U.S. judge cleared the way on Thursday for former hedge fund manager David Ganek to sue government officials, including Manhattan U.S. District Judge William Pauley in Manhattan rejected the government's bid to dismiss a lawsuit by the former head of Level Global Investors, who said "fabricated" evidence was used to justify the November 2010...

  • Samir Barai, the founder of Barai Capital Management, was sentenced by U.S. District Judge Deborah Batts in Manhattan to two years of supervised release and ordered to forfeit $216,603. Barai pleaded guilty in 2011 to securities fraud and other charges over a scheme that also involved Noah Freeman and Donald Longueuil, two former portfolio managers at...

  • NEW YORK, Feb 29- A federal jury on Monday found two former New York stockbrokers liable for trading on confidential tips about an IBM Corp acquisition, despite a major appeals court ruling that made insider trading cases harder to pursue. In a victory for the U.S. Securities and Exchange Commission, a federal jury in Manhattan found former Euro Pacific Capital...