A key investor with convicted swindler Bernie Madoff drowned in his swimming pool Sunday afternoon, police said.
Two victims of the convicted Ponzi schemer Bernard Madoff filed suit Wednesday against the Securities and Exchange Commission, accusing the government regulator of negligence in failing to protect investors.
When Sam Antar was cooking the books for his company, he used a number of complicated accounting tricks to dupe auditors. But some tactics were simple.
The court-appointed trustee in the Bernard Madoff case plans to sue four more of his family members for nearly $200 million this week, according to a broadcast report.
Where are the perp walks for the subprime mortgage executives that dragged us into this mess?
A burst of applause erupted in the ornate 9th floor ceremonial courtroom of Manhattan's U.S. District Court as Judge Denny Chin proclaimed, "Bernard L. Madoff shall be and hereby is sentenced to a term of imprisonment of 150 years."
Convicted Ponzi scammer Bernard Madoff will probably spend the rest of his life in jail.
The Securities and Exchange Commission on Monday charged a brokerage firm and several individuals with raising money from investors to feed Bernard Madoff's Ponzi scheme.
Billionaire financier Robert Allen Stanford has been indicted on charges of criminal conspiracy to commit mail, wire and securities fraud, actions that earned his company an estimated $7 billion dollars, prosecutors said Friday.
Billionaire financier Robert Allen Stanford has been indicted on charges of criminal conspiracy to commit mail, wire and securities fraud, actions that earned his company an estimated $7 billion, prosecutors said Friday.
A key investor with convicted swindler Bernie Madoff drowned in his swimming pool Sunday afternoon, police said.
Two victims of the convicted Ponzi schemer Bernard Madoff filed suit Wednesday against the Securities and Exchange Commission, accusing the government regulator of negligence in failing to protect investors.
When Sam Antar was cooking the books for his company, he used a number of complicated accounting tricks to dupe auditors. But some tactics were simple.
The court-appointed trustee in the Bernard Madoff case plans to sue four more of his family members for nearly $200 million this week, according to a broadcast report.
Where are the perp walks for the subprime mortgage executives that dragged us into this mess?
A burst of applause erupted in the ornate 9th floor ceremonial courtroom of Manhattan's U.S. District Court as Judge Denny Chin proclaimed, "Bernard L. Madoff shall be and hereby is sentenced to a term of imprisonment of 150 years."
Convicted Ponzi scammer Bernard Madoff will probably spend the rest of his life in jail.
The Securities and Exchange Commission on Monday charged a brokerage firm and several individuals with raising money from investors to feed Bernard Madoff's Ponzi scheme.
Billionaire financier Robert Allen Stanford has been indicted on charges of criminal conspiracy to commit mail, wire and securities fraud, actions that earned his company an estimated $7 billion dollars, prosecutors said Friday.
Billionaire financier Robert Allen Stanford has been indicted on charges of criminal conspiracy to commit mail, wire and securities fraud, actions that earned his company an estimated $7 billion, prosecutors said Friday.
Texas billionaire Allen Stanford was taken into custody Thursday night on a fraud-related charge in Stafford, Virginia, the FBI said.
In a new bankruptcy court filing, some investors swindled by convicted Ponzi schemer Bernard Madoff seek to reframe calculations that will determine how much money they can collect from a pool of recovered funds.
The employees were transfixed. Standing on the mid-Manhattan trading floor of Bernard L. Madoff Investment Securities in late 2007, a half-dozen staffers stared up at the ceiling-mounted TV as CNBC aired a report on the mysterious Palm Beach death of a hedge fund manager who had been leading a double life. The police, it appeared, were even considering the possibility that he had been murdered. "Bernie," someone casually asked as Madoff happened to walk by, "have you heard of this guy?"
Since Bernard Madoff was arrested in December and confessed to masterminding a multi-billion Ponzi scheme, countless people have wondered: Who else was involved? Who knew about the fraud? After all, Madoff not only engineered an epic swindle, he insisted to the FBI that he did it all by himself. To date, Madoff has not implicated anybody but himself.
Allen Stanford, the Texan billionaire accused of a $9.2 billion fraud by U.S. regulators has denied any wrongdoing in a tearful interview in which he threatened to punch his questioner in the mouth.
The Commonwealth of Massachusetts' securities division on Wednesday charged investment firm Fairfield Greenwich with fraudulently representing its dealings with convicted Ponzi mastermind Bernard Madoff.
The financial assets of Peter Madoff -- brother of convicted Ponzi schemer Bernard Madoff -- have been frozen until an April 3 court hearing by Nassau Supreme Court Justice Stephen Bucaria, according to an order the judge filed on Wednesday.
David Friehling, accountant for Bernard Madoff, was released on $2.5 million bond after turning himself in Wednesday to face charges that he "rubber stamped" the Ponzi schemer's books.
Bernard Madoff, who pleaded guilty to operating a multibillion-dollar Ponzi scheme, is worth up to $826 million, according to a document filed with a federal court on Friday.
Richard Friedman lost more than $3 million to Bernard Madoff's investment scheme. Following the disgraced broker's guilty plea Thursday, Friedman said he hopes Madoff lives a long time.
Bernard Madoff, who stole billions from investment clients, was ordered jailed Thursday after pleading guilty to all 11 criminal counts in one of Wall Street's biggest swindles ever.
Your Honor, for many years up until my arrest on December 11, 2008, I operated a Ponzi scheme through the investment advisory side of my business, Bernard L. Madoff Securities LLC, which was located here in Manhattan, New York, at 885 Third Avenue.
With Bernard Madoff pleading guilty to federal charges that will likely send him to prison for life, attention has turned toward his wife, Ruth. Or, more specifically, to two questions about her: What did she know of the fraud? And, will she keep the tens of millions of dollars worth of property and assets in her name?
Accused investment swindler Bernard L. Madoff will plead guilty later this week to 11 counts that could bring a sentence of 150 years in prison, one of his attorneys told CNN.
Alleged swindler Bernard Madoff will plead guilty later this week to 11 counts, including money laundering, perjury and fraud, that could bring a sentence of 150 years in prison, one of Madoff's attorneys, Ira Lee Sorkin, told CNN.
A federal judge has unfrozen the assets of about 12,000 people and groups who invested in companies of R. Allen Stanford, who is accused in a $9.2 billion fraud scheme.
The life of Sir Allen Stanford, the cricket and polo-loving financier who is being investigated for a potential Ponzi scheme, is a case study in how to buy respectability and influence.
The chief investment officer of the firm headed by financier Alan Stanford, who is accused in an alleged $8 billion fraud scheme, was arrested and charged Thursday in Houston, Texas.
If you think you dodged the Madoff bullet, can you really be sure? Say, for instance, you briefly invested five years ago in a fund, and that fund in turn invested in a fund-of-funds that invested in a feeder fund that invested with Madoff. Could the Madoff trustee knock on your door and demand that you return any profits?
Investors allegedly swindled in the largest Ponzi scheme in history reacted furiously when they learned Friday that Bernard Madoff didn't put any of their money into securities for at least 13 years.
Federal prosecutors and the defense for alleged fraud mastermind Bernard Madoff have agreed to push back the deadline for an indictment or probable cause hearing for the former investor, sources close to the case said Wednesday.
Harry Markopolos, the fraud investigator whose efforts to blow the whistle on investment adviser Bernard Madoff were rebuffed by the Securities and Exchange Commission, Thursday presented the SEC's inspector general with evidence of two new cases of potential investment fraud.
A 162-page list naming thousands of "customers" of alleged fraud mastermind Bernard Madoff has been filed with the bankruptcy judge overseeing the case.
As the Bernard Madoff scandal continues to play out, it is becoming increasingly clear how devastating the alleged fraud has been for the banking industry.
A whistleblower who repeatedly warned the Securities and Exchange Commission that Bernard Madoff was perpetrating a massive investment fraud testified Wednesday that the regulatory agency that oversees financial markets is inept, "financially illiterate" and far too cozy with the financial titans it is supposed to be regulating.
The Securities and Exchange Commission's director of enforcement told a Senate committee Tuesday that the agency lacks the resources to pursue all the leads and tips about possible fraud that come to it.
As Bernard Madoff was telling his investors they were earning double-digit annual gains, it appears he wasn't even investing their money, according to a CNN investigation of his reported trades.
Tucked into the rolling hills of Hopkins, a suburb west of Minneapolis, the recently refurbished Oak Ridge Country Club looks much like a middle school: beige paneling, a limestone base, and energy-efficient windows. Along the main road to the club is a modest apartment complex with four signs advertising units for rent. Beyond Oak Ridge's modest doors, however, is a well-appointed interior that provides a gathering place for some of the wealthier families in the Twin Cities.
A judge rejected an appeal by prosecutors Wednesday in the government's continuing legal quest to put accused white-collar schemer Bernard Madoff behind bars.
Federal prosecutors are appealing a court's ruling that allows alleged fraud mastermind Bernard Madoff to remain under house arrest on $10 million bail.
Nice work if you can get it: Hanging out at the Palm Beach Country Club and introducing friends to an exclusive and seemingly safe place to stash your cash - Bernard L. Madoff Investment Securities.
She used to lunch at the exclusive Four Seasons. Now, the best-selling author jokes that she's inviting friends to Taco Bell. Call it gallows humor, but Alexandra Penney has just lost her life's savings.
A judge ruled Monday that Bernard Madoff would not be sent to jail pending trial, declining a request by prosecutors to revoke the bail of the financier accused in a $50 billion fraud case.
Prosecutors have accused financier Bernard Madoff - the alleged mastermind of a $50 billion Ponzi scheme - of intending to transfer up to $300 million worth of assets to protect them from seizure, and they want him locked up immediately.
Lawmakers took a hard look Monday at the alleged $50 billion investment scam engineered by Bernard Madoff that has sent shock waves across the nation's already fragile financial system.
The Bernard Madoff scandal will certainly end up as the most expensive Ponzi scheme in U.S. history, but the $50 billion price tag claimed by the disgraced financier may end up as fictitious as the returns that he had promised investors.
The Austrian government has taken control of a private bank with significant exposure to the alleged fraud by Bernard Madoff.
It is not easy to stay on the sidelines while others are busy getting rich. Wall Street, moreover, is constitutionally predisposed to overdo things. The stereotype imagines a Wall Street populated by bulls and bears. In reality, the Street itself is neither bull nor bear but shark, constantly shifting direction in an eternal search for food. This feeding process involves massive shifts of capital, which inevitably, is sometimes misallocated. - J. Ezra Merkin, writing in an introduction to a chapter in the 75th anniversary version of Graham and Dodd's Security Analysis.
The three-person auditing firm that apparently certified the books of Bernard Madoff Investment Securities, the shuttered home of an alleged multibillion-dollar Ponzi scheme, is drawing new scrutiny.
Like the conclusion that Lee Harvey Oswald was a lone gunman, the theory that Bernard Madoff acted alone is hard to swallow.
Despite all that's been written about the Bernard Madoff scandal, what's remarkable is how much we don't know about the fraud allegedly committed by the respected philanthropist and former chairman of the Nasdaq.
Should you be penalized if you were smart enough to pull your money out of Bernard Madoff Investment Securities before it imploded in what appears to have been a multibillion-dollar Ponzi scheme? That's only one of the depressing issues facing investors who put their trust in Madoff.
President-elect Barack Obama, citing the need for tighter oversight of the nation's financial markets, on Thursday named veteran regulator Mary Schapiro as his choice to head the Securities and Exchange Commission.
Victims of Bernard Madoff's alleged Ponzi scheme sued three big names over their role in the estimated $50 billion fraud: a high-profile investment firm, its managing partner and its auditor.
The list of charities devastated by Bernard Madoff's alleged fraud keeps growing, but one philanthropic organization with strong ties to the Madoff family has so far emerged unscathed.
Broadcom co-founder and billionaire Henry T. Nicholas III pleaded not guilty Monday to federal drug and securities fraud charges.
The FBI on Tuesday said it is investigating 14 companies for possible accounting fraud, insider trading or other violations in connection with risky home loans
The Supreme Court dealt a blow Tuesday to Enron investors who sued major investment banks to recover money lost when the Texas energy giant collapsed
The former CEO of Enron Corp.'s broadband division reported to a Louisiana prison on Tuesday to serve 27 months for securities fraud related to his role in the company's 2001 collapse, his lawyer said.
Class-action lawsuits filed over securities fraud reached an all-time low in 2006, according to a Stanford Law School report.
Apple Computer disclosed in a regulatory filing Friday that Chief Executive Officer Steve Jobs was aware that some stock options granted to him and other executives at Apple between 1997 and 2002 were backdated and that the company was restating financial results for the past few years as a result of the backdating.
More criminal indictments will come down the pike as corporate America struggles with the ever-growing stock options backdating scandal, according to an assistant director at the FBI.
Two more CEOs hit by the scandal over stock options stepped down Wednesday, highlighting the risk to companies - and investors - stung by the backdating bullet.
As corporate scandals continue to mount on Wall Street, Berkshire Hathaway Chairman Warren Buffett has a message for the company's top managers: Don't give in to peer pressure.
Ex-WorldCom CEO Bernard Ebbers will report to a federal prison Tuesday to begin his 25-year sentence for his role in an $11 billion accounting fraud.
The widespread options backdating scandal is gaining new momentum after the Department of Justice charged executives from Comverse Technology with securities fraud for profiting from manipulated stock options.
The light at the end of the tunnel continues to be elusive for Enron founder Kenneth Lay who could find himself spending life in prison even if he is acquitted by a jury for allegations that he helped bring about Enron's collapse.
Former WorldCom accountant Betty Vinson was sentenced Friday morning to five months in prison and five months house arrest for her part in WorldCom's $11 billion accounting fraud.
Bernard Ebbers, the once-celebrated WorldCom chief who faces life behind bars, is baffled by his current predicament.
In a major victory in the government crackdown on corporate corruption, former Tyco CEO Dennis Kozlowski and ex-CFO Mark Swartz were found guilty Friday of stealing hundreds of millions of dollars from the manufacturing conglomerate.
The Securities and Exchange Commission has notified a former executive of the General Re Corp. that it plans to file civil fraud charges against her as part of its probe of the insurance industry, according to published reports Tuesday.
Bernard Ebbers, the former CEO of WorldCom, was found guilty Tuesday for his role in the huge accounting scandal that led to the largest bankruptcy in U.S. history.
The better stocks perform, the fewer disgruntled investors there are suing companies over falling stock prices, right?
Ex-WorldCom CEO Bernard Ebbers was charged with securities fraud Tuesday for his role in the nation's biggest accounting scandal, while his former chief financial officer pleaded guilty and agreed to cooperate with prosecutors.
Ex-Enron CEO Jeffrey Skilling was charged with fraud and insider trading Thursday, making him the highest ranking former executive charged in the collapse of the once-mighty energy company.
Whatever the nation's CEOs may think of Martha Stewart, currently on trial in Manhattan for federal securities fraud and obstructing a government investigation, they ought to be praying she beats t...
Martha Stewart receives thousands of supportive e-mails these days. Convicted financier Michael Milken now has a high school named after him. And Oracle CEO Larry Ellison--whose company allegedly f...
Unless you are a voracious reader of the news, it was a story you may well have missed. On an otherwise quiet Friday the 13th in June, the Wall Street Journal reported in its B section that the Sec...
In a huge office with a marble-topped bar and a perfect view of San Diego Harbor, paunchy, red-faced, Brillo-topped Bill Lerach--wearing a pitted-out green shirt, khaki slacks, white socks, and Top...
Someplace right now, in the layers of a FORTUNE 500 company, An employee--probably high up and probably helped by people who work for him--is perpetrating an accounting fraud. Down the road that cr...
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