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Law Legislation

  • madoff_bernard_05.jpg

    Bernard Madoff's victims are  warring over funds from the government-chartered agency that insures brokerage customers, The New York Times reports.

  • Wall Street eased into a holiday-shortened week with stock index futures pointing to a slightly lower opening Monday.

  • Bernie Madoff mugshot

    Disgraced investment manager Bernard Madoff will be seeking leniency at his sentencing on June 29, according to a letter his lawyer filed with US District Court in New York.

  • Ever since two middle-aged men with Japanese passports were caught in Italy this month trying to smuggle a purported $134.5 billion in United States government bearer bonds into Switzerland, the Internet has been abuzz with theories.

  • A federal magistrate in Houston has agreed to release indicted billionaire Allen Stanford on bond, but the release has been delayed while prosecutors appeal the ruling.

  • Allen Stanford

    Billionaire R. Allen Stanford, who faces charges of fraud and conspiracy on allegations he swindled investors out of $8 billion in an elaborate Ponzi scheme, pleaded not guilty Thursday. The detention hearing will begin shortly.

  • A group of well-to-do German senior citizens, who lost their savings in the credit crunch, staged a revenge attack and held their terrified financial advisor to ransom, according to several published reports Wednesday.

  • Bernie Madoff mugshot

    Disgraced investment manager Bernard Madoff will be seeking leniency at his sentencing on June 29, according to a letter his lawyer filed with US District Court in New York.

  • UBS

    The Justice Department may drop a closely watched legal case aimed at forcing the Swiss bank UBS to divulge the names of 52,000 wealthy American clients suspected of offshore tax evasion, a United States official briefed on the matter said Monday, the New York Times reported.

  • stanford_allen_court_sketch.jpg

    Texas billionaire R. Allen Stanford entered a federal courtroom to face charges that he ran a $7  billion Ponzi scheme in shackles, a stark contrast from his usual polished look.  Defense attorneys accused the government of grandstanding.

  • stanford_allen.jpg

    Brash Texas billionaire R. Allen Stanford was indicted and jailed Friday on charges his international banking empire was really just a Ponzi scheme built on lies, bluster and bribery.

  • Nestle Toll House

    So tell me, who doesn't like to eat the chocolate chip cookie batter before it's baked? But some folks are learning the hard way that it's not a great idea. And Nestle is paying the price.

  • Allen Stanford

    Magistrate Hannah Lauck (Lock) agreed with prosecutors during a hearing Friday in Richmond, Va., that Stanford poses a flight risk and ordered a detention hearing.

  • President Obama's proposed financial reform has sparked a debate among lawmakers and members of the financial sector. Some argue that the plan's creation of a separate consumer protection agency will cause unnecessary confusion, while others say it  will give the Federal Reserve too much power. CNBC talked to the experts for their opinion on the proposal.

  • Stethescope and money

    The high cost of securing health insurance for all Americans, the top domestic priority of President Obama, has Congressional Democrats scrambling to scale back their proposals or find ways to trim tens of billions of dollars a year from existing health programs.

  • stanford_allen.jpg

    At least five individuals, including Texas financier Allen Stanford, have been arrested following a sweeping federal indictment over an alleged $8 billion Ponzi scheme, CNBC had learned. Stanford and the others are expected to appear before federal magistrates in three states Friday.

  • If you want to ride out the rest of this recession in a cave, that’s fine — just make sure it’s up to code. Just one of the valuable recession lessons you can learn from a caveman!

  • The court-appointed Receiver in the Stanford case, Ralph Janvey, discounted last night's motion by Stanford's attorneys to disqualify the law firm of Baker Botts, one of Janvey's main law firms.

  • Treasury Secretary Nominee Lawrence Summers

    National Economic Counsel Advisor Larry Summers told CNBC Tuesday that President Obama's call for new regulations in the financial industry has no winners or losers and is more like a re-organization than creating new agencies

  • George Soros

    The financial reform should include some way of separating banks' proprietary trading from commercial banking, although a return to regulation similar to the Glass-Steagall Act would be impractical, legendary investor George Soros wrote in the Financial Times.