U.S. Bankruptcy Judge Burton Lifland on Tuesday approved the transfer of $28.1 million to cover expenses tied to the liquidation of Bernard Madoff's investment firm.
Along with predictions, the approach of a new year also compels us journalist-types to compile Top 10 lists. This year, Warren Buffett Watch presents the ten most popular posts from 2008, as measured by your clicks.
Eric Swanson received a startling call last Thursday from his wife, Shana D. Madoff, who said that something was terribly wrong. Officials from the Securities and Exchange Commission and the Justice Department had swooped down on the offices of Madoff Investment Securities, where Ms. Madoff was the compliance lawyer, seizing records and asking pointed questions as they began investigating one of the largest frauds in Wall Street history.
The former chief executive of General Re was sentenced today to two years in prison and fined $200,000 by a federal judge in Hartford, Connecticut. 66-year-old Ronald Ferguson was convicted in February of participating in a secret scheme with other Gen Re executives and an AIG official to make AIG's financial picture look better than it really was back in 2000 and 2001. General Re is a subsidiary of Warren Buffett's Berkshire Hathaway. AIG was Gen Re's client at the time.
Securities and Exchange Commission Chairman Christopher Cox has asked the agency's inspector general to investigate the SEC's conduct with regard to the alleged Ponzi-scheme linked to money manager Bernard Madoff, CNBC has learned.
Find out why hedge fund manager Karen Finerman thinks the alleged Madoff Ponzi scam could have severe consequences for a long time to come!
Stocks closed lower amid worries about bank earnings and weak consumer spending on tech.
The list of investors who say they were duped in one of Wall Street's biggest Ponzi schemes includes some of the world's biggest banks and hedge funds, the super rich and the famous.
Bernard Madoff said he only had about 25 clients but the list of potential victims of what prosecutors say was a $50 billion Ponzi scheme may actually be in the hundreds—or thousands.
The latest list of people and organizations who have lost money in Madoff's fund, according to the New York Times.
U.S. stock index futures were mixed as contradictory information on a bailout package for troubled automakers were making investors nervous.
The heads of the Illinois state legislature said on Tuesday they will call the General Assembly into session to pass legislation on a special election to fill the U.S. Senate seat vacated by President-elect Barack Obama.
Illinois Gov. Rod Blagojevich was arrested on criminal charges on Tuesday, including trying to sell the U.S. Senate seat being vacated by fellow Democrat President-elect Barack Obama, federal prosecutors said.
In an unusual partnership, New York State and federal prosecutors are investigating trading in credit-default swaps, the insurancelike securities that have come under close scrutiny for their role in the financial crisis.
The Federal Bureau of Investigation is struggling to find enough agents and resources to investigate criminal wrongdoing tied to the country’s economic crisis, the New York Times reports.
The Securities and Exchange Commission is investigating whether traders spread rumors to drive down shares of former investment banks Bear Stearns and Lehman Brothers, USA Today reported, citing an SEC subpoena.
Why is New York moving to regulate a complicated part of the derivative market? Because no one else was keeping an eye on it, says the state's insurance chief.
Indiana has sued Countrywide Financial, becoming the latest state to take the mortgage lender to court over its lending practices.
Three more more financial firms, including Merrill Lynch and Goldman Sachs, reached settlements over the sale of auction-rate securities, a $330 billion market that collapsed in February.
Merrill Lynch CEO John Thain met with New York Attorney General Andrew Cuomo on Thursday in an attempt to reach a settlement of the auction-rate securities probe, CNBC has learned.