Forget about the fact that these funds don’t even work properly – but they’re also getting in the way of a much-needed rescue.
The judge in the SEC's civil suit against Stanford Financial has recused himself after determining that "a person within the third degree of relationship" to him has "substantial holdings" managed by one of Stanford's companies.
The trustee in charge of untangling the mess brought on by the Bernard Madoff scandal told investors Friday there was no indication the disgraced financier bought securities for his clients.
Today we introduce a weekly segment, "The Call of Shame", for CNBC's "The Call". It will highlight the lowlights and lowlifes in business and finance. This week's nominees are.......
The Securities and Exchange Commission on Thursday named a former federal prosecutor as its new enforcement chief to lead the embattled agency's drive to strengthen its pursuit of financial fraud.
The Securities and Exchange Commission obtained a court order halting an alleged Ponzi scheme by Hawaii-based Billions Coupons and its CEO Marvin R. Cooper that was targeting members of the Deaf community in the U.S. and Japan.
The head of Stanford Financial Group charged with orchestrating an $8 billion fraud tried Tuesday to get a one-way flight out of the country, a source told CNBC.
Arthur Nadel, the Florida money manager who briefly went missing last month after the six hedge funds he ran collapsed in an alleged "mini-Madoff" scheme, will remain behind bars at least awhile longer.
Federal prosecutors say disgraced Florida hedge fund manager Arthur Nadel wrote letters home while he was fleeing from authorities last month, including one telling his family he "really anticipated" being labeled a "Mini-Madoff."
Cramer has a few recommendations for the new SEC chair.
Plus, Cramer answers questions about the banks, refiners and the SEC.
Whistleblower Harry Markopolos, whose warnings about the Madoff scandal fell on deaf ears at the Securities and Exchange Commission for years, has provided the SEC's Inspector General with new information about an alleged "mini-Madoff" fraud that is still underway, CNBC has learned.
Hall of Fame pitcher Sandy Koufax. Actor Kevin Bacon. World Trade Center developer Larry Silverstein. All three have at least one thing in common: Their names appear on a list of several thousand clients who lost money investing with Bernard Madoff. The list has been made public in a court filing in U.S. Bankruptcy Court in Manhattan.
Cramer urges Wall Street’s new head regulator to stop the short sellers that are manipulating this market.
Hedge fund manager Arthur Nadel, arrested last week on fraud charges, has agreed to have his assets frozen.
Rep. Gary Ackerman (D-N.Y.) attacked SEC officials testifying before the House Financial Services committee for failing to detect Bernie Madoff’s $50 billion Ponzi scheme on Wednesday.
Nicholas Cosmo, the Long Island man accused of running a $370 million dollar Ponzi scheme, remains jailed following a bail hearing today.
As Bernard Madoff awaits his fate inside his Manhattan penthouse, he is getting a new crew to keep him safe.
Should the SEC be hounding Apple about the CEO's health disclosures when there are so many other things wrong with Wall Street?
Several dozen employees, who work in the legitimate branch of Bernard Madoff's firm, are being laid off, according to The Wall Street Journal.