Financial Fraud | featured news

Companies Assail Whistleblower Bounties

More than 260 firms warned the SEC in a letter that plans to pay bounties will undermine internal compliance programs and turn financial fraud into a "gold mine" for employees.


Britain to Tape Traders’ Cell Phones to Fight Fraud

New rules would oblige financial services firms to record relevant employee communications made on their work cell phones.


Five Steps For Avoiding Financial Fraud

Investors need to keep tabs on brokers and money managers.


Dates Moved Up for Madoff Books

Three leading publishers have moved up the release dates of their books on how Bernard Madoff accomplished his massive financial fraud.


Lawyer Gets 20 Years in $400 Million Fraud

Marc S. Dreier, a prominent New York lawyer, was sentenced on Monday in an elaborate scheme in which investors lost more than $400 million.


Madoff will not appeal 150-year sentence: lawyer

Madoff will not appeal 150-year sentence: lawyer

Arch swindler Bernard Madoff will not appeal the 150-year prison sentence he received for masterminding a global multibillion-dollar investment fraud, his main lawyer said on Thursday.


Judge orders Allen Stanford jailed until trial

A federal judge on Tuesday ordered Texas financier Allen Stanford, accused of a $7 billion fraud, held without bail until trial.


AP Source: 10 others to be charged in Madoff probe

AP Source: 10 others to be charged in Madoff probe

Authorities are pursuing charges against 10 more people in the Bernard Madoff financial scandal after the mastermind of one of the biggest financial frauds in history was sentenced to spend the rest of his days behind bars, The Associated Press has learned.


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