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Crime Investment Fraud

  • NEW YORK, Oct 19- Thomas Davis, a former chairman of dairy processing company Dean Foods Co, was sentenced on Thursday to two years in prison after pleading guilty to passing insider information to sports gambler William "Billy" Walters. District Judge Kevin Castel in Manhattan, who also ordered him to pay about $8 million in restitution, according to Nicholas...

  • The New Nigerian Scam

    West Africa has become a hot bed for con artists finding new ways to steal your money to the tune of $2 billion. Andrea Day reports.

  • Oct 17- The U.S. Supreme Court on Tuesday canceled arguments in a securities fraud dispute involving Virginia- based government contractor Leidos Inc after the company and investors told the court they had reached a settlement. The suit, led by the Indiana Public Retirement System, alleged that the company omitted and misstated key information in securities...

  • BOSTON, Oct 12- A former Akebia Therapeutics Inc employee accused of insider trading was released from jail on Thursday despite a judge's concern that the man's "Dr. Magistrate Judge Donald Cabell, who ordered Schultz Chan arrested on Sept. 22 after he failed to consistently report to his probation officer, ruled after asking Chan whether he would "make a fool out...

  • UPDATE 1-Brazil prosecutors charge Batistas with insider trading.

  • SAO PAULO, Oct 10- Brazilian prosecutors on Tuesday charged brothers Wesley and Joesley Batista, the controlling shareholders of JBS SA, the world's largest meatpacker, with insider trading and market manipulation. Prosecutors said in a statement that the Batistas carried out stock and foreign exchange transactions between March 31 and May 17 using...

  • BRASILIA, Oct 10- Brazil's police investigation into insider trading by the owners of the world's largest meatpacker JBS SA has found that they made a profit by taking financial positions before details of their plea bargain deal with prosecutors became public, the head of the probe said on Tuesday. Police chief Edson Garutti, told Globo News that brothers...

  • NEW YORK, Oct 5- A suburban New York hedge fund manager accused of losing or spending all but about $27,000 of the $21.8 million he told investors he had was criminally charged on Thursday with running a Ponzi scheme. Prosecutors said Michael Scronic, who once worked at Morgan Stanley and has degrees from Stanford University and the University of Chicago, stole...

  • NEW YORK, Oct 5- A suburban New York hedge fund manager who once worked at Morgan Stanley and was accused of losing or spending all but about $27,000 of the $21.8 million he told investors he had was criminally charged on Thursday with running a Ponzi scheme. Prosecutors said Michael Scronic, 46, of Pound Ridge, New York, stole more than $19 million from 45 investors...

  • NEW YORK, Oct 5- A suburban New York hedge fund manager who once worked at Morgan Stanley and was accused of losing or spending all but about $27,000 of the $21.8 million he told investors he had was criminally charged on Thursday with running a Ponzi scheme. Prosecutors said Michael Scronic, 46, of Pound Ridge, New York, stole more than $19 million from 45 investors...

  • BEIJING, Oct 5- The number of pyramid schemes investigated by Chinese police more than doubled in the first nine months of the year, with cases involving nearly 30 billion yuan, the official Xinhua News Agency said on Thursday. In August, China launched a campaign against pyramid selling organisations disguised as job recruitment agencies.

  • BEIJING, Oct 5- The number of pyramid schemes investigated by Chinese police more than doubled in the first nine months of the year, with cases involving nearly 30 billion yuan, the official Xinhua News Agency said on Thursday. In August, China launched a campaign against pyramid selling organisations disguised as job recruitment agencies.

  • BEIJING, Oct 5- The number of pyramid schemes investigated by Chinese police more than doubled in the first nine months of the year, with cases involving nearly 30 billion yuan, the official Xinhua News Agency said on Thursday. In August, China launched a campaign against pyramid selling organizations disguised as job recruitment agencies.

  • BEIJING, Oct 5- The number of pyramid schemes investigated by Chinese police more than doubled in the first nine months of the year, with cases involving nearly 30 billion yuan, the official Xinhua News Agency said on Thursday. In August, China launched a campaign against pyramid selling organizations disguised as job recruitment agencies.

  • Lynn Tilton on SEC dismissal: They have certainly put me through a difficult journey

    CNBC's Robert Frank speaks with Lynn Tilton, Patriarch Partners CEO & founder, about her fraud case dismissal with the SEC and where she plans to go from here.

  • Lynn Tilton: This fraud case has cost me my reputation

    CNBC's Robert Frank speaks with Lynn Tilton, Patriarch Partners CEO & founder, about her fraud case dismissal with the SEC and where she plans to go from here.

  • Joon H. Kim, the Acting United States Attorney for the Southern District of New York, speaks during a news conference to announce charges against 10 people, including four college basketball coaches and financial advisers, with bribery and fraud in connection with college recruiting in New York, U.S., September 26, 2017.

    CNBC's Eric Chemi reports on the FBI investigation into alleged bribery, fraud and corruption charges in college basketball and the man who went undercover for the Feds to help catch the cheaters.

  • Companies headed by iconic figures often have a hard time sussing out whom to pass the leadership baton to.

    When a company's top dog is a public figure, succession planning can be tricky. A look at 5 hard-to-replace corporate icons.

  • Bernard Madoff, founder of Bernard L. Madoff Investment Securities, leaves federal court in New York on Tuesday, March 10, 2009.

    A look at the most common investment scams out there, from Ponzi/pyramid schemes and life settlements to potentially shady annuity sales.

  • BOSTON, Sept 22- A former Akebia Therapeutics Inc employee accused of insider trading was re-arrested on Friday after violating a bail condition as a prosecutor who once called him "increasingly unhinged" said he would seek the man's detention pending trial. Schultz Chan, the former director of biostatistics at the Cambridge, Massachusetts- based...