Crime Investment Fraud

  • LONDON, March 23- British entrepreneur Mike Lynch vigorously denies new U.S. criminal charges against him, his spokesman said on Saturday ahead of a court case over the sale of his firm Autonomy which will begin in London next week. Lynch faces a new charge of securities fraud, which carries a maximum prison term of 25 years, as well as additional charges of wire...

  • March 22- U.S. prosecutors on Friday added three new criminal charges to their indictment against British entrepreneur Mike Lynch related to the $11.1 billion sale of his software company Autonomy to Hewlett-Packard in 2011.. Lynch faces a new charge of securities fraud, which carries a maximum prison term of 25 years, as well as additional charges of wire...

  • An elderly man look for some money from his wallet

    More financial advisors are probing their clients for signs that they are at risk of making poor decisions or turning into victims of fraud or abuse.

  • R. Allen Stanford and Bernard Madoff

    The SEC shut down R. Allen Stanford's operations 10 years ago this week. As with Madoff, it missed warning signs of the $8 billion fraud for years.

  • Feb 13- The former top corporate lawyer at Apple Inc was criminally charged by the U.S. Department of Justice on Wednesday with insider trading ahead of six of the iPhone maker's quarterly earnings announcements. Authorities said Gene Levoff exploited his positions as corporate secretary, head of corporate law and co-chairman of a committee that reviewed...

  • Feb 13- The former top corporate lawyer at Apple Inc was criminally charged by the U.S. Department of Justice on Wednesday with insider trading ahead of six of the iPhone maker's quarterly earnings announcements. Authorities said Gene Levoff exploited his positions as corporate secretary, head of corporate law and co-chairman of a committee that reviewed...

  • Corruption concept,Business man passing money dollar bills corruption bribery to businessman manager

    Many investors don't spot investment fraud until it's too late. Here are the signs regulators say you should look for.

  • NEW YORK, Jan 18- An Iranian-American businessman who gave money to Democrats including former President Barack Obama should be released early from his 12- year prison term for a $292 million bank fraud and moved to home confinement, his lawyers said on Friday. District Judge Sidney Stein in Manhattan to grant it. Attorney Geoffrey Berman in Manhattan declined...

  • RIO DE JANEIRO, Jan 14- One of three new board members nominated by the Brazilian government to sit on the board of state-run oil company Petroleo Brasileiro SA was previously fined by securities regulator CVM for insider trading, according to documents seen by Reuters. The disclosure raises tough questions for new far-right President Jair Bolsonaro and...

  • Life's circumstances and risks can take a bite out of even the best laid retirement plans.

    Some consumer protections inspired by the Great Recession have been weakened or delayed altogether. But you can take steps to look out for your own best interest.

  • FRANKFURT, Dec 21- Deutsche Boerse said it accepted combined fines of 10.5 million euros by a Frankfurt court in an insider trading case involving the German stock exchange operator's former Chief Executive Carsten Kengeter. The court issued fines of 5 million euros and 5.5 million euros against the company over an alleged breach of the insider trading ban in...

  • Stock fraud handcuffs

    The market swings may play with your emotions and make you more vulnerable to fraud, says consumer protection expert Bill Francavilla.

  • FRANKFURT, Dec 21- Deutsche Boerse said it was fined a combined 10.5 million euros by a Frankfurt court over accusations of insider trading against its former Chief Executive Carsten Kengeter. The German stock exchange operator said on Friday that it was in the best interest of the company not to legally challenge the court decision, although it deemed the...

  • Ilene Kent (L) co-founder of Madoff Survivors Group, Richard Friedman (C) and a woman who did not want to be identified clap after lawyer Howard Elisofon (not pictured) spoke on behalf of victims of Bernard Madoff June 24, 2009 at the law offices of Herrick, Feinstein in New York.

    The outcomes for Madoff's victims vary widely. They are the result of a deeply controversial process for unwinding the fraud that is still playing out to this day, having set precedents — and cautionary tales — for scandals to come.

  • Bernard Madoff (C) walks out from Federal Court after a bail hearing in Manhattan January 5, 2009 in New York City. Madoff is accused of running a $50 billion Ponzi scheme through his investment company. 

    For all the signs of progress, no one seems willing to rule out a Madoff-sized financial fraud happening again. Indeed, experts are concerned that renewed volatility in the financial markets could reveal new frauds.

  • A student outside ITT Technical Institute after it abruptly closed, in Vista, California, Sept. 6, 2016. It seems only right that victims of predatory for-profit education companies should have their student loans forgiven.

    The Education Department will not release the student debt and earnings information of certain schools and programs. 

  • NEW YORK, Dec 6- A federal judge in Manhattan on Thursday rejected requests by a Standard& Poor's credit ratings analyst and a friend to dismiss criminal insider trading charges related to the $9.3 billion merger of paint makers Sherwin-Williams Co and Valspar Corp.. District Judge Jed Rakoff said the indictment's failure to allege that the analyst Sebastian...

  • WASHINGTON, Dec 3- U.S. Supreme Court justices on Monday appeared skeptical of further limiting the scope of who can be held liable for violating laws that protect investors from securities fraud as they weighed an appeal by a New York investment banker who had been banned from the industry. Most of the justices seemed to agree with the Securities and Exchange...

  • Goldman Sachs

    Sovereign wealth fund International Petroleum Investment Company filed a lawsuit against the investment bank in New York on Wednesday.

  • *Sean Stewart, formerly of JPMorgan, wins new trial. NEW YORK, Nov 5- A divided federal appeals court on Monday overturned the insider trading conviction of a former Wall Street investment banker accused of passing tips about five mergers in the healthcare industry to his father, and ordered a new trial. In a 2-1 decision, the 2nd U.S. Circuit Court of Appeals said Sean...