Warren Buffett told CNBC that Apple has been too secretive about the health problems facing CEO Steve Jobs, saying the company should have immediately disclosed Jobs' liver transplant.
Three lawsuits filed on Monday provided new details about what regulators say went on inside Bernard L. Madoff’s long-running Ponzi scheme, including information about who might have helped perpetuate the fraud for so long.
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.
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.
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.
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.
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.
A bipartisan group of 16 members of Congress is demanding answers from the Securities and Exchange Commission about its handling of the alleged Ponzi scheme at Stanford Financial.
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.
Cramer says it might be the latter, and there’s one ETF in particular that’s at fault.
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
President Barack Obama is ready to roll out an overhaul of the intricate rules and systems that govern America's troubled financial institutions, proposing the most ambitious revision since the Great Depression.
About two months ago, I wrote a column about how Matthew Weitzman, our family’s financial planner, was under investigation for reportedly siphoning money from clients’ accounts. Well, the ax finally fell on Wednesday.
Exactly a year after swindler Samuel Israel III disappeared, the girlfriend who helped him has been sentenced to four months of home confinement.
The investigation into Texas tycoon Allen Stanford and his alleged $8 billion ponzi scheme has broadened, CNBC has learned.
The SEC has released portions of emails it claims Angelo Mozilo wrote in 2006, part of its case of fraud and insider trading against the former Countrywide CEO. Investigators charge that Mozilo knew Countrywide was in big trouble, but didn't let investors know.
The SEC charged Angelo Mozilo, the former chairman and CEO of Countrywide Financial, with insider trading.
An Indiana money manager is set to plead guilty to charges of crashing an airplane near a Panhandle neighborhood in a botched attempt to fake his own death.
When General Motors emerges from bankruptcy protection, it will technically be a brand new, privately held company, yet it will be more publicly owned than ever, with taxpayers holding a 60 percent stake.
Washington is asking some painful questions about how to prevent the next financial meltdown. Should it reinvent the Federal Deposit Insurance Corporation? Abolish the seemingly feckless overseer of savings and loans? Grant new powers to the Federal Reserve?