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Crime Corporate Fraud

  • supreme_court_building.jpg

    The Supreme Court said Monday that it will rule on the constitutionality of the anti-fraud law that grew out of accounting scandals at Enron and other companies.

  • Former Enron CEO Jeff Skilling (AP Photo/David J. Phillip)

    Former Enron CEO Jeffrey Skilling is appealing his 2006 conviction to the Supreme Court.  In a 50-page petition filed Monday afternoon, Skilling's attorneys argue the conviction should be overturned because he did not put his own interest above Enron's as the government claimed, and because the Houston jury that convicted him was prejudiced by "pervasive media coverage."

  • Bernie Madoff

    Bernard Madoff's longtime secretary says she believes the disgraced financier is not cooperating with authorities to protect others.

  • stanford_allen.jpg

    Allen Stanford, the Texas billionaire facing civil fraud charges, attempted to turn himself in at the federal courthouse in Houston on Thursday, but was turned away because there is no warrant for his arrest, his lawyer said.

  • SEC

    Federal regulators have won a court order freezing the assets of financier Danny Pang, whom they accuse of defrauding investors of hundreds of millions of dollars.

  • Bernard Madoff

    The trustee unraveling Bernard Madoff's Ponzi scheme is threatening legal action to recover $735 million from investors who unwittingly made money off the swindle.

  • Bernard L. Madoff

    New York-based hedge fund D.E. Shaw has decided not to place its bid to buy Madoff Securities, CNBC has learned.

  • A Swiss court has increased the prison sentence handed to a former banker who broke the country's strict banking secrecy laws.

  • stanford_SEC_1.jpg

    Accused fraudster Allen Stanford is asking a federal court to lift a freeze on $10 million of his assets to pay for his legal defense.

  • Accused fraudster R. Allen Stanford "intends to fight" the civil charges against him, and is the victim of "unconstitutional" conduct by the federal government. Those words are in a letter to Stanford's employees—obtained by CNBC—written by Kathy Stoelker, the mother of Stanford's girlfriend.

  • The court-appointed receiver in the case of Texas financier R. Allen Stanford is suing 66 former employees of the firm, trying to recover $40 million dollars for victims of the alleged scam.

  • Arthur Nadel

    Florida money manager Arthur Nadel, who disappeared for two weeks in January when the six hedge funds he managed went bust, has formally denied allegations by the Securities and Exchange Commission that he engaged in a massive fraud.

  • Bernie Madoff

    A Manhattan judge has given investors a green light to go after Bernard Madoff's personal property by forcing the disgraced financier into bankruptcy.

  • The Long Island law student who is suing Bernie Madoff''s brother over the loss of his trust fund has a new and unlikely adversary: the bankruptcy trustee who is representing Bernie Madoff's creditors.

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    U.S. securities regulators will consider about 4 proposals to restrict short selling, a type of investing blamed for accelerating the severe downturn in financial services stocks.

  • Weizhen Tang, as shown on the "About Us" section of wtang.com

    The Securities and Exchange Commission accuses a Toronto-based fund manager who calls himself the "Chinese Warren Buffett" of running a multi-million dollar Ponzi scheme aimed mostly at Chinese-Americans in the Dallas area.  Weizhen Tang tells Bloomberg his firm has had "difficulties" but denies he's done anything wrong.

  • A federal judge in New York today granted a 30-day continuance in the case of Arthur Nadel, the 76-year-old Florida hedge fund manager accused in a "mini-Madoff" scheme.

  • Former Enron CEO Jeffrey Skilling will be resentenced July 30, after an appeals court earlier this year ruled his 24 year sentence was too harsh.

  • A New York student won a court order to temporarily freeze the assets of Peter Madoff, the brother of jailed swindler Bernard Madoff, the student's lawyer said on Wednesday.

  • Chief Financial Officer for Texas financier Allen Stanford has changed course, and is now cooperating in the civil and criminal investigations of his former boss, CNBC has confirmed.