Fraud | featured news

The voice on telephone messages left for Manti Te'o matches that of the 22-year-old man who says he posed as a woman in carrying on a relationship -- by e-mail and over the phone -- with the Notre Dame linebacker, according to the "Dr.

A prominent futures-industry executive, Russell Wasendorf Sr., was sentenced to 50 years in prison on Thursday for embezzling from his clients and defrauding banks over nearly two decades.

Ronaiah Tuiasosopo fell in love with Manti Te'o and said all his energy went into pretending to be the woman the Notre Dame linebacker came to know as Lennay Kekua. Tuiasosopo, the 22-year-old mastermind of the elaborate hoax that embarrassed Te'o and left him looking gullible, spoke publicly for the first time in an interview with Dr. Phil McGraw for the "Dr. Phil Show," the first part of which aired Thursday.

The son of the disgraced chief of Peregrine Financial said he has been personally and financially devastated by his father's fraud, which brought down the firm and left investors facing tens of millions of dollars in losses.

Caterpillar Inc, the world's largest maker of construction equipment, posted a 55 percent drop in quarterly profit on Monday due to a charge connected with accounting fraud at a Chinese subsidiary and weak demand among its dealers.

Notre Dame football star Manti Te'o told ABC News' Katie Couric that he had lied to keep up a hoax involving a nonexistent dying girlfriend once he learned he had been duped two days before the Heisman Trophy winner was announced.

Peregrine Financial Group's former chief executive embezzled more than $215 million from customers of his now-defunct futures brokerage, U.S. prosecutors said in court documents filed on Tuesday.

The star prosecution witness in the trial of convicted Texas financier R. Allen Stanford was sentenced Tuesday to five years in prison for helping to bilk investors out of more than $7 billion in one of the biggest Ponzi schemes in U.S. history.

Notre Dame linebacker Manti Te'o will be interviewed by Katie Couric, the first on-camera interview given by the All-American since news broke about the dead girlfriend hoax.

Former Notre Dame linebacker Manti Te'o would be hard-pressed for relief from a civil suit. Manti Te'o says he has received a confession from Ronaiah Tuiasosopo for leading the former Notre Dame linebacker to believe he was in a relationship with a non-existent woman, but that might be all he gets from Tuiasosopo.