Settlements for defrauding the government are on track to reach $8 billion this year, but relatively few executives are being charged at the companies getting the penalties, the New York Times reports.
The IRS is paying out billions of dollars in fraudulent tax refunds to identity thieves; a problem that the tax service’s inspector general told CNBC is a “growing problem” involving numbers that are increasing “exponentially.”
The first rule of insider trading: Don’t talk about insider trading—or do a lot of Internet searches about it.
News Corp stock is slipping ever so slightly on low volume following the announcement that criminal charges have been brought against eight key figures in the never-ending phone hacking scandal, Yahoo Finance reports.
A U.K. court wants to make it clear that Samsung did not infringe on Apple's iPad design so they're forcing the iPad maker to issue a public notice saying they were wrong, according to a report.
Seven years after he was first sued by New York state prosecutors for securities fraud, the allegations against former AIG chief Maurice “Hank” Greenberg are still pending – and may now be considered by the state's highest court.
Recent cases may be just the start of a new period where consumers take automakers to court over mileage claims.
Consumer Watchdog is suing Hyundai for misrepresenting mileage in its advertising, reports CNBC's Phil LeBeau.
THE business deal from hell began to crumble even before the Champagne corks were popped. The $580 million sale of Dragon Systems had just been approved by its board and congratulations were being exchanged. But there was a sense that something was amiss, the New York Times reports.
Russell Wasendorf, founder, chairman & CEO of PFGBest was arrested in Iowa. He is accused of making false statements to the CFTC. CNBC's Scott Cohn shares details.
Peregrine Financial is another financial collapse that is drawing outrage from lawmakers and investors, with CNBC's Scott Cohn.
Two suspected members of a Greek domestic terrorist group have gone missing in the middle of their trial, officials said Thursday, prompting orders for a judicial investigation and the suspension of an Athens police official.
Three years to the day his older brother was sentenced to 150 years in prison, Peter Madoff pleaded guilty to two charges linked to Bernie Madoff's $65 billion Ponzi scheme.
Peter Madoff, the younger brother of Ponzi swindler Bernie Madoff, was arrested this morning and will appear in court later in the day as part of a process that will see him serve 10 years in prison for his role in the swindle.
Federal regulators are suing hedge fund manager Philip Falcone and his firm, accusing him of civil fraud for using fund money to pay his taxes and favoring some fund customers at the expense of others.
The SEC is charging Philip Falcone & Harbinger Capital with securities fraud, reports CNBC's Tyler Mathisen.
CNBC's Eamon Javers reports the big bank will pay a total of $454 million to settle allegations that it tried to manipulate Libor rates.
Barclays will reportedly pay $200 million in penalties to settle a Libor probe. "These Libor rates impact the credit rates, the interest rates that people pay for everything," says Bart Chilton, CFTC commissioner, explaining how Barclays allegedly manipulated the Libor rate and the CFTC's plans to prevent this from happening again.
The markets regulator noted that it had filed charges in a rather unusual case: A former broker in Orlando, F.L., had allegedly defrauded investors in a Ponzi scheme based on, of all things, astrology.
A federal judge says shareholders can proceed with a lawsuit accusing Goldman Sachs of concealing conflicts of interest in several collateralized debt obligation transactions, the fallout from which caused Goldman's stock price to drop.