Fraud | featured news

President Barack Obama will issue an executive order Tuesday creating an administration-wide task force to crack down on financial fraud following a rise in mortgage scams and high-profile Wall Street trading scandals, an administration official said.

Two former Bear Stearns hedge-fund managers have been acquitted of lying to investors about the implosion of the subprime mortgage market.

On the eve of a hearing in the Michael Jackson estate, a lawyer for the singer's father filed a 60-page motion Monday that intensifies a bid to get money from his son's estate by making accusations of fraud against the administrators of his will.

Frustrated by the banks' inability or unwillingness to stop an avalanche of foreclosures, the states are considering lawsuits over the creation and marketing of millions of bad loans as well as the dismal pace of mortgage modifications.

Such cases would have been impossible until recently, because federal regulators had exclusive oversight of national banks. But a 5-to-4 Supreme Court decision in June allowed the states to exercise their own supervision, giving them significant leverage.

A French court today convicted the Church of Scientology and six of its members of organized fraud, but stopped short of banning the church.

Just as Congressional leaders are calling to extend a tax credit for first-time homebuyers, government investigators are reporting widespread abuse.

Afghan President Hamid Karzai said Tuesday that he accepted a finding of widespread fraud in the August presidential elections and endorsed a runoff vote scheduled for Nov. 7.

Fraud investigators have thrown out hundreds of thousands of ballots for Afghanistan's president from the country's disputed ...

A member of a U.N.-backed panel set up to investigate fraud complaints in Afghanistan's election resigned Monday, blaming what he called "the interference of foreigners" in a vote already mired in controversy.

The embattled head of the United Nations mission in Afghanistan on Sunday defended himself against allegations from his former American deputy that he chose to ignore evidence of fraud in last month's disputed elections and acted in a biased manner towards President Hamid Karzai.