Topic: Corporate Fraud

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Election 101: Where the GOP candidates stand on the economy

With more than 13 million Americans out of work and wage increases so modest they’re failing to keep up with inflation, voters have put the economy and jobs at the top of their checklist of presidential issues.
5 great gift book ideas: something for everyone

From art history to the stars of sports, here are five gift books with wide appeal.
GOP debate: Who said it? A quiz.

Many things were said at the Sept. 7 GOP presidential debate at the Reagan Library in Simi Valley, Calif. Can you remember who said what?
Top 4 tips to keep your broker honest

Maybe individual investors can’t fix the broad regulatory breakdown that has allowed financial frauds to occur, like dodgy mortgage-backed securities and Bernie Madoff’s pyramid scheme. But they can take steps to protect themselves against unscrupulous financial advisers. Knowledge is the best weapon. The more investors know, the less likely they are to be taken advantage of by a dishonest broker. Here are four ways you can ensure your broker is following the rules:
Top 5 insider trading convictions

Raj Rajaratnam, a wildly successful hedge fund manager, was sentenced and fined Oct. 13 on fraud and conspiracy counts for using insider information to make more than $50 million. Prosecutors called it the largest insider-trading case ever for a hedge fund. So how does his conviction stack up against other insider traders in the United States who were found guilty? Here's a look at the Top 5 convicted insider traders:

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The Reformed Broker
SEC won't take action against Lehman Brothers

The SEC will likely not seek action against the Lehman for the events that led up to the firm's massive bankruptcy in 2008.
'America's Most Wanted' helps nab Illinois Ponzi fugitives

Nelson and Janet Hallahan were arrested in Arizona after 12 years as fugitives. Known as the 'Mini Madoffs,' they were convicted in Illinois of stealing $1.2 million.
Mets make deal with Madoff trustee

The settlement avoids a civil trial for the club and means they'll have to pay far less than they otherwise might.
N.Y. Mets owners settle with Madoff trustee for $162 million (+video)

The ownership group of Major League Baseball's New York Mets has agreed to a settlement deal with the trustee trying to recoup billions of dollars in the wake of the Bernard Madoff Ponzi scheme.
Eric Holder: Corporate fraud criminal cases coming soon

Eric Holder, the US attorney general, says his federal department continues to pursue individuals involved in corporate fraud. Eric Holder told states attorneys general fines alone aren't working.
How social media complicate SEC crackdown on insider trading (+video)

Social media services such as Facebook and Twitter pose special challenges for regulators working to halt insider trading, says Mary Schapiro of the Securities and Exchange Commission (SEC).
Insider trading suspect: Are his threats ominous?

Insider trading case leads to arrest of suspect. Federal prosecutors say he should stay jailed because he threatened them during the insider trading investigation.
Election 101: Where the GOP candidates stand on the economy

With more than 13 million Americans out of work and wage increases so modest they’re failing to keep up with inflation, voters have put the economy and jobs at the top of their checklist of presidential issues.
Insider trading: Why do feds treat it like a mob crime?

Insider trading cases are now built with the kind of wiretaps used to catch mobsters. Do insider trading crimes really rise to the level of the mafia's?
Don't fold on Internet gambling ban

The Obama Justice Department scored the first conviction under a 2006 law that outlaws online gaming, including poker. More convictions may be coming. But monied interests are pushing Congress to scrap the law.
Why Congress is warming up to ban on insider trading

On Tuesday, the House Financial Services Committee launched a hearing on legislation that would explicitly ban members of Congress from insider trading.
5 great gift book ideas: something for everyone

From art history to the stars of sports, here are five gift books with wide appeal.
Bernie Madoff: son Andrew never suspected his father

Bernie Madoff's son denied ever suspecting his father's business had been a Ponzi scheme in an interview, Monday.
Chapter & Verse
Andrew Madoff: Can he rehabilitate his image?

Andrew Madoff, son of disgraced financier Bernie Madoff, says in an interview on "60 Minutes" that he's "prepared to start over again and build myself back up."
Ruth Madoff: 'What's a Ponzi scheme?'

Ruth Madoff spoke to '60 Minutes' about her husband, Bernard Madoff, who was convicted of one of the biggest financial frauds in history. Ruth Madoff, and son Andrew, said that they didn't know about the $65 billion Ponzi scheme.
Chapter & Verse
Andrew Madoff breaks three years of silence with a book and a "60 Minutes" interview

Andrew Madoff’s book is expected to discuss his parents’ suicide attempt, how Bernie Madoff confessed his crimes to his family, and the suicide of his brother on the anniversary of their father’s arrest.
Insider trading: Ex-Goldman Sachs director Rajat Gupta pleads not guilty

Insider trading has been a target of both the Bush and Obama administrations. The case against Rajat Gupta, a former director of both Goldman Sachs and Procter & Gamble, is part of a major crackdown on insider trading.
Insider trading: Ex-Goldman board member arrested

Insider trading charges brought against former Goldman director Rajat Gupta. Charges stem from insider trading case that netted Raj Rajaratnam 11 years in prison.
Chapter & Verse
Madoff widow writes about life inside Bernie Madoff's family – before and after the scandal

Stephanie Madoff Mack, the first member of the family to speak publicly, writes about the day Bernie Madoff told his family about his Ponzi scheme and how she severed ties with her mother-in-law.
The New Economy
Insider trading: What's the fallout of Rajaratnam sentence?

Insider trading sentence for Rajaratnam was lighter than expected. But it's enough to discourage insider trading on Wall Street.
New York Mets ruling will delay payouts to Madoff victims

The trustee's attorney revealed at a Manhattan hearing that the a ruling limiting the team owners' exposure to $386 million will also affect other money being recovered for investors.
Vox News
Ron Paul is on the 'Daily Show' tonight. Will he say something inflammatory?

In past appearances on the 'Daily Show,' Ron Paul has made comments to Jon Stewart that would have gotten other candidates in trouble. Will he push the boundaries again tonight?
Poker Ponzi scheme: Feds say Full Tilt Poker raided player accounts

Poker Ponzi scheme: The popular Full Tilt Poker website illegally raided player accounts to fund operations and make lavish payments to its owners, Justice Department lawyers said in a revised civil lawsuit filed in New York.
Insider trading: Consultant James Fleishman convicted

Insider trading is the downfall of yet another Wall Street trader, as hedge fund consultant James Fleishman is convicted of insider trading for putting clients in touch with consultants at publicly traded companies.
UBS trader charged in $2 billion British fraud case (video)

Authorities in London have charged a trader for Swiss banking giant UBS for his alleged part in a $2 billion fraud case.