Sharing her expectations from the hearing and the investigation on MF Global's bankruptcy, with Jill Sommers, CFTC commissioner.
Criminal charges are likely involving MF Global, the bankrupt broker-dealer that went bust due to bets it made on European debt, outgoing Commodity Futures Trading Commission head Bart Chilton told CNBC.
When Enron filed for bankruptcy on December 2, 2001—at the time the largest bankruptcy in U.S. history—the once high-flying energy company cemented its reputation as the very symbol of corporate fraud. Its top executives, including Chairman Ken Lay, CEO Jeffrey Skilling and Chief Financial Officer Andy Fastow became household names, and the term “Enron accounting” joined the business and political lexicons.
One of the first casualties of the Enron scandal was its accounting firm, Arthur Andersen LLP, accused of obstructing the investigation of Enron by destroying documents.
The federal judge overseeing the civil and criminal insider trading cases against former Goldman Sachs board member Rajat Gupta has put much of the civil case on hold, in a victory for prosecutors.
On the eve of the tenth anniversary of Enron's collapse, the energy giant's former CEO, Jeff Skilling, is again asking the Supreme Court to grant him a new trial.
CNBC's Kayla Tausche has the story on where the money really went after the company has filed for bankruptcy and is under investigation.
With the global financial crisis bearing down on him in late-January, 2009, financier Allen Stanford traveled to Libya in search of a lifeline—money from the Gaddafi regime, whose sovereign wealth funds had been investing with Stanford for some time.
The Fast Money traders with the tech plays to make, and weigh in on Rambus losing its case against Hynix & Micron. Also Julia Boorstin has the update on Google's new music store, and Rick Summer, Morningstar discusses whether Google can compete with Apple's iTunes.
NBC's Pete Williams, reports the Supreme Court will hear challenges to President Obama's health care law, and debating whether this signals the end for Obamacare, with Betsy McCaughey, former Lieutenant Governor of NY, and Igor Volsky, Center for American Progress.
Penn State trustees fired legendary football coach Joe Paterno and university president Graham Spanier amid the growing furor over how the school handled sex abuse allegations against an assistant coach.
Yale professor David Gelernter survived an attack by the Unabomber. Now, he's up against a bigger force: He's suing Apple. After seeing an email from Steve Jobs in the case, one patent law expert said simply, "Wow."
Australia goes downbeat, and Greek no-confidence vote gives none - it's time for your FX Fix.
CNBC's Kayla Tausche reports the latest details on MF Global's meltdown, and a look at the legal fallout MFand its CEO, Jon Corzine may be facing, with Jake Zamansky, Zamansky & Associates.
Bernie Madoff's wife, Ruth,speaks publicly for the first time in almost three years since her husband confessed to running the largest Ponzi scheme ever. Insight with Diana Henriques, The New York Times senior financial writer.
The story of billionaire hedge fund mogul Raj Rajaratnam, which shocked the investment community and led to the indictment this week of former Goldman Sachs board member Rajat Gupta, is headed to the big screen.
CNBC's Herb Greenberg has the story on the SEC's investigation into Avon.
Consumers in the United States and Canada have sued Research in Motion for a days-long service outage on BlackBerry devices that rippled across the world earlier this month.
A former Goldman Sachs board member on Wednesday surrendered to federal authorities to face criminal charges stemming from a massive hedge fund insider trading case.
CNBC's Eamon Javers has the details on two Treasury officials questioned in a hearing led by House Republicans.