Corporate Fraud
Madoff family seek dismissal of cases against it
Mar 16, 2010 05:23 EDT
(Reuters) - Andrew and Mark Madoff, sons of fraudster Bernard Madoff, have submitted a request with a U.S. court to dismiss all the complaints against them, with prejudice, court documents showed.
Website spotlights misdeeds of the rich and powerful
Mar 14, 2010 17:01 EDT
The swindling saga of legendary Wall Street conman Bernard Madoff has inspired the creation of The Vile Plutocrat, a website devoted to the notion that "rich people suck."
Website spotlights misdeeds of the rich and powerful
Mar 14, 2010 07:17 EDT
The swindling saga of legendary Wall Street conman Bernard Madoff has inspired the creation of The Vile Plutocrat, a website devoted to the notion that "rich people suck."
Two main Galleon defendants seek separate trials
Mar 12, 2010 19:47 EST
NEW YORK (Reuters) - Accused Galleon fund founder Raj Rajaratnam and his main co-defendant want separate trials on charges they were involved in what prosecutors describe as the biggest hedge fund insider-trading case ever in the United States.
Co-defendant of Rajaratnam seeks separate NY trial
Mar 12, 2010 15:56 EST
Co-defendant of hedge fund operator Rajaratnam seeks separate trial in insider trading case. A co-defendant has asked to be tried separately in the insider trading case against wealthy hedge fund operator Raj Rajaratnam (RAHJ rah-juh-RUHT'-nuhm).
Jerry Jones' oil, gas company sued in fraud case
Mar 11, 2010 18:29 EST
Company owned by Dallas Cowboys owner Jerry Jones accused of aiding alleged $15M fraud scheme. A lawsuit accuses an employee of an oil and gas company owned by Dallas Cowboys owner Jerry Jones of aiding and abetting an alleged $15 million securities fraud under investigation by federal officials.
Ex-official admits guilt in NY pension probe
Mar 10, 2010 17:15 EST
Ex-official pleads guilty in NY pay-to-play pension probe, admits politics guided investments. A former top investment officer for New York's state pension fund admitted Wednesday that he helped channel hundreds of millions of dollars in public retirement money to investment firms that paid kickbacks to other officials to get the business.
Agency warns of Web scam targeting Madoff victims
Mar 09, 2010 13:13 EST
Investor protectors warn of Web scam targeting victims of Bernard Madoff. Internet con artists appear to be targeting victims of Bernard Madoff.
Agency warns of Web scam targeting Madoff victims
Mar 09, 2010 12:13 EST
Investor protectors warn of Web scam targeting victims of Bernard Madoff. Internet con artists appear to be targeting victims of Bernard Madoff.
U.S. seeks 335 years for ill Petters in ponzi case
Mar 09, 2010 09:09 EST
NEW YORK (Reuters) - Federal prosecutors said Tom Petters should be sentenced to 335 years in prison for running a $3.65 billion Ponzi scheme, while defense lawyers pleaded for mercy, saying their client has a tumor on his pituitary gland.
Madoff victims may appeal directly to 2nd Circuit
Mar 08, 2010 17:55 EST
NEW YORK (Reuters) - The judge overseeing the liquidation of Ponzi schemer Bernard Madoff's investment firm has allowed victims unhappy with his ruling on how to calculate their losses to appeal directly to a federal appeals court.
Business Books: Chasing Madoff, for justice and dollars
Mar 04, 2010 11:30 EST
BOSTON (Reuters) - Harry Markopolos' book "No One Would Listen" is full of details about his dispiriting efforts to alert the authorities to Bernard Madoff's $65 billion fraud.
SEC: Miami couple defrauded Cuban-American elderly
Mar 03, 2010 16:31 EST
SEC: Miami couple defrauded elderly Cuban-Americans in $135M real estate investment scam. The Securities and Exchange Commission charged a prominent Miami couple Wednesday with operating a $135 million Ponzi scheme through a real estate investment scam that defrauded hundreds of people, mostly elderly Cuban-Americans.
10th guilty plea in Galleon insider trading case
Mar 03, 2010 13:49 EST
Largest hedge fund insider trading case ever produces 10th guilty plea in New York. A former vice president of California chipmaker Atheros Communications has pleaded guilty to insider trading charges. Ali Hariri becomes the 10th person to plead out of the largest hedge fund insider trading case in U.S. history.
Fraud case to proceed against former Neb. brokers
Mar 03, 2010 13:16 EST
Judge rules there's enough evidence to try 2 former Nebraska City brokers for securities fraud. A judge has decided prosecutors have enough evidence to try two former Nebraska City brokers accused of defrauding investors out of more than $20 million.
SEC: Miami couple defrauded Cuban-American elderly
Mar 03, 2010 12:33 EST
SEC: Miami couple defrauded elderly Cuban-Americans in $135M real estate investment scam. The Securities and Exchange Commission charged a prominent Miami couple with operating a $135 million Ponzi scheme through a real estate investment scam that defrauded hundreds of people, mostly elderly Cuban-Americans.
Internet job site exec's cooperation earns no jail
Mar 02, 2010 18:27 EST
NY judge finds it troubling that backdating stock options widespread in corporate America. A former top executive of the company that runs the Monster job search Web site was rewarded for cooperating in a backdated stock option probe with a sentence of no jail time Tuesday by a judge who said he was troubled that so many companies cheated.
Judge sentences ex-Monster counsel to probation
Mar 02, 2010 17:58 EST
NEW YORK (Reuters) - A U.S. judge sentenced a former general counsel of recruitment services company Monster Worldwide Inc <MWW.N> to one-year probation after he pleaded guilty in 2007 and cooperated with a probe into a fraud over the backdating of millions of dollars worth of stock options.
Internet job site exec's cooperation earns no jail
Mar 02, 2010 17:31 EST
Internet job site exec's cooperation in probing options backdating earns him no time in jail. A former top executive of the company that runs the Monster job search Web site will not go to jail because he cooperated extensively after admitting to illegally backdating stock options.
Payback formula for Bernard Madoff victims upheld
Mar 01, 2010 17:10 EST
NY bankruptcy judge upholds formula for paying back victims of Bernard Madoff swindle. The victims of Bernard Madoff's massive swindle are only owed the money they invested with his firm and not the $64.8 billion reflected on fictitious statements, a Manhattan bankruptcy judge ruled Monday.
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