Fraud | featured news

Some former customers of financier Bernard Madoff despise him for his fraud, but they are also angry with their government and a financial system they say robbed them of their savings.

Prosecutors have filed a motion indicating that Bernard Madoff may be ready to plead guilty to a sweeping financial fraud.

The FBI made the first arrest in the $8 billion Stanford Financial Group fraud investigation on Thursday, detaining chief investment officer Laura Pendergest-Holt on federal obstruction charges.

Executive to be sentenced for fraud rose to No. 3 rank despite misdeeds.

U.S. law enforcement officials found Texas billionaire Allen Stanford in the Fredericksburg, Virginia, area on Thursday, and served him with a complaint accusing him of an $8 billion fraud.

Rodolfo Soules tried to close a friend’s account at Stanford Financial Group Wednesday, but the building was closed.

Banking giant UBS has agreed to pay $780 million and turn over once-secret Swiss banking records to settle allegations it conspired to defraud the U.S. government of taxes owed by thousands of American clients.

SEC says Texas banker swindled billions selling CDs with improbable interest rates.

Omar Siddiqui, a top executive at Fry's Electronics, was coveted and coddled by Las Vegas casinos. Now he faces fraud charges.

Omar Siddiqui was well-known on the Strip.

The independent electoral commission has received a flood of complaints about fraud and other violations from the largely Sunni Arab Anbar province.