Herbert Sudfeld, 64, was convicted on charges of securities fraud and making a false statement by a federal jury in Philadelphia following a four-day trial, prosecutors said. The Doylestown, Pennsylvania- resident faces a maximum sentence of 25 years in prison, according to the U.S. Attorney's Office in Philadelphia. Sudfeld was indicted in July on charges that...» Read More
Gregory Crabtree, former friend of College Hall of Fame coach Jim Donnan, faces prison time related to an $80 million Ponzi scheme.
Despite a court-ordered recall, a Georgia company's health supplements are still in stores. The CEO, a former pot kingpin, faces a $40 million judgment.
For victims of Bernie Madoff's epic Ponzi scheme, Andrew Madoff's death could add new wrinkles to efforts to recover billions in losses.
Infomercial king Kevin Trudeau, who made millions off books and products and is now behind bars, also masterminded a pyramid scheme.
A former Jefferies Group managing director convicted of defrauding investors was sentenced to two years in prison.
Seven arrests have been made in Brooklyn, New York in an alleged "pump and dump" scheme involving penny stocks, reports CNBCs' Scott Cohn.
NY Attorney General Eric Schneiderman, discusses allegations that Barclays demonstrated a disturbing disregard for "ordinary" investors and operated a "dark pool" that favored high-frequency traders.
New York AG Eric Schneiderman will file a securities fraud lawsuit against Barclays for its use of "dark pools" on Wednesday.
A former board member at Goldman Sachs must report to prison as scheduled next week for his conviction on insider trading charges.
David Stulb, global forensics leader at EY, discusses the results of the annual Global Fraud Survey and warns that year-on-year improvements are very slow.
Toshihide Iguchi, Author of 'My Billion Dollar Education - Inside the Mind of a Rogue Trader,' explains his acts that caused Daiwa Bank to lose $1.1 billion in 1995.
Is there a specific rate of return for an investment that should set off alarm bells in your head?
Five former Bernard Madoff aides have asked a US judge to throw out their convictions, after a jury found them guilty of fraud and conspiracy.
CNBC's Bob Pisani reports the SEC has charged New Jersey brokerage firm, Visionary Trading, with manipulative trading.
A federal appeals court on Tuesday rejected a bid by former Goldman Sachs director Rajat Gupta to overturn his insider trading conviction.
CNBC's Scott Cohn reports Rajat Gupta's conviction for insider trading in the Galleon case has been upheld.
CNBC's Scott Cohn reports 5 former Madoff employees have been convicted of conspiring to falsify records and defraud clients.
CNBC's Scott Cohn reports 5 former Madoff employees have been found guilty of criminal conspiracy.
In a wide-ranging interview, convicted fraudster Bernie Madoff talks with MJ Lee, Politico finance reporter, about what life is like in prison. He seems to be doing fine, says Lee.
CNBC's Mary Thompson reports 2 men have been charged with securities fraud that netted them $5.6 million.