Crime Investment Fraud

  • Judge denies bail to Kobi Alexander

    CNBC's Scott Cohn reports the latest details on the securities fraud case against former Comverse chair Kobi Alexander.

  • NEW YORK, Aug 24- The former chief executive officer of Comverse Technology Inc pleaded guilty to securities fraud on Wednesday, a decade after fleeing the United States for Namibia to avoid prosecution. Jacob "Kobi" Alexander, the Woodbury, New York- based software developer's founder, entered his plea in federal court in Brooklyn, after ending his fight to avoid...

  • NEW YORK, Aug 24- The former chief executive officer of Comverse Technology Inc pleaded guilty on Wednesday to securities fraud, a decade after he fled to Namibia from the United States to avoid prosecution. Jacob "Kobi" Alexander, the Woodbury, New York- based software developer's founder, entered his plea in federal court in Brooklyn, after ending his fight to...

  • NEW YORK, Aug 24- The former chief executive officer of Comverse Technology Inc pleaded guilty on Wednesday to securities fraud, a decade after he fled to Namibia from the United States to avoid prosecution. Jacob "Kobi" Alexander, the Woodbury, New York- based software developer's founder, entered his plea in federal court in Brooklyn, after ending his fight to...

  • Should Kobi get bail?

    Former Comverse Technology CEO Jacob "Kobi" Alexander agrees to come back to the U.S. to face charges after being indicted in a scandal ten years ago. CNBC's Scott Cohn reports from the U.S. District Courthouse in Brooklyn.

  • Kobi Alexander to pled guilty to one count of fraud

    CNBC's Scott Cohn reports former Comverse Technology chairman and CEO Kobi Alexander is coming back to the U.S. to face charges in a stock option scandal.

  • BEIJING, Aug 24- China's banking regulator issued tough new rules on Wednesday to tighten regulation of the country's $60 billion peer-to-peer lending sector, which has been dogged by scandals and fraud. Peer-to-peer lending platforms will not be able to take deposits, nor provide any forms of guarantee for lenders, according to a joint document issued by the...

  • NEW YORK, Aug 17- An ex- Wall Street investment banker was convicted on Wednesday of engaging in insider trading by tipping his father off to unannounced healthcare mergers, a victory for prosecutors after an appellate ruling made it harder to pursue such cases harder. Sean Stewart, who previously worked at Perella Weinberg Partners and JPMorgan Chase& Co, was...

  • NEW YORK, Aug 17- A former Wall Street investment banker was convicted on Wednesday for engaging in insider trading by tipping his father off to unannounced healthcare mergers, in a victory for prosecutors after an appellate ruling made pursuing such cases harder. Sean Stewart, who previously worked at Perella Weinberg Partners and JPMorgan Chase& Co, was found...

  • NEW YORK, Aug 17- A former Wall Street investment banker was convicted on Wednesday for engaging in insider trading by tipping his father off to unannounced healthcare mergers, in a victory for prosecutors after an appellate ruling made pursuing such cases harder. Sean Stewart, who previously worked at Perella Weinberg Partners and JPMorgan Chase& Co, was found...

  • Edward Pennings, a former State Street senior managing director who worked in the bank's London office, entered the plea in federal court in Boston on Monday to charges including securities fraud and wire fraud, prosecutors said. Pennings, a Dutch citizen who resides in the United Kingdom, was released on a $2 million bond, according to a spokeswoman for the U.S....

  • Edward Pennings, a former State Street senior managing director who worked in the bank's London office, entered the plea in federal court in Boston on Monday to charges including securities fraud and wire fraud, prosecutors said. Pennings, a Dutch citizen who resides in the United Kingdom, was released on a $2 million bond, according to a spokeswoman for the U.S....

  • Edward Pennings, a former State Street senior managing director who worked in the bank's London office, pleaded not guilty in federal court in Boston on Monday to charges including securities fraud and wire fraud, prosecutors said. Pennings, a Dutch citizen who resides in the United Kingdom, was released on a $2 million bond, according to a spokeswoman for the U.S....

  • Handcuffs white collar crime

    One hedge fund manager is in hot water for allegedly paying terminally ill people to use their names on behalf of his firm.

  • Edward Pennings, a former State Street senior managing director who worked in the bank's London office, pleaded not guilty in federal court in Boston on Monday to charges including securities fraud and wire fraud, prosecutors said. Pennings, a Dutch citizen who resides in the United Kingdom, was released on a $2 million bond, according to a spokeswoman for the U.S....

  • SHANGHAI, China, Aug 12- As David Byrne ate breakfast at the Tongli Lakeview Hotel outside Shanghai one Sunday in April, an angry customer was waiting for him. The previous day, he had introduced himself to a roomful of potential customers in the hotel as the new London head of a foreign currency trading platform whose website offered very high returns.

  • SHANGHAI, China, Aug 12- As David Byrne ate breakfast at the Tongli Lakeview Hotel outside Shanghai one Sunday in April, an angry customer was waiting for him. The previous day, he had introduced himself to a roomful of potential customers in the hotel as the new London head of a foreign currency trading platform whose website offered very high returns.

  • The long-running saga of "Rebecca," explored in the latest episode of "American Greed," shows how the glitz of showbiz can lead to being scammed.

  • NEW YORK, Aug 10- A Long Island investment adviser and a former partner at a major law firm have been indicted on charges that they engaged in insider trading ahead of Pfizer Inc's acquisition of King Pharmaceuticals Inc in 2010, prosecutors said on Wednesday. Tibor Klein, who owned advisory firm Klein Financial Services, and Robert Schulman, a Washington, D.C.,...

  • NEW YORK, Aug 10- A federal appeals court on Wednesday rejected a new bid by five former employees of Bernard Madoff's firm to overturn their convictions for helping their boss conceal his Ponzi scheme, which cost customers more than $17 billion. The order by the 2nd U.S. Circuit Court of Appeals means former back office director Daniel Bonventre, account...