Ceo, Fraud | featured news

Enron's Jeff Skilling could get early release from prison

Former Enron CEO Jeffrey Skilling, who is serving a 24-year prison term for his role in the energy giant's epic collapse, could get out of prison early under an agreement being discussed by his attorneys and the Justice Department, CNBC has learned. Skilling, who was convicted in 2006 of conspiracy, fraud and insider trading, has served just over six years.


DealBook: Ex-Peregrine Chief Sentenced to 50 Years in Prison

Russell Wasendorf Sr.

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.


Son of Peregrine CEO Says Fraud Devastating

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.


Peregrine Financial fraud loss tops $215 million, U.S. says

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.


Ex-National Lampoon CEO Tim Durham Gets 50 Years Prison

Tim Durham

Timothy S. Durham, the onetime chief executive officer of National Lampoon (NLMP) Inc., was sentenced to 50 years in prison for defrauding investors in an unrelated company he partly controlled. “I found no sincere remorse,” U.S. District Judge Jane Magnus-Stinson in Indianapolis said today before imposing punishment on Durham, 50. She said the former Fair Finance Co. CEO exhibited deceit, greed and arrogance.


HP rebuffs ex-Autonomy CEO, warns of legal action

Hewlett Packard Co rebuffed a request by former Autonomy Chief Executive Mike Lynch to detail accusations of accounting fraud leveled against the British software company and its former executives, and challenged Lynch to submit to questions under penalty of perjury.


Full Tilt Poker CEO arrested on fraud charges

The chief of Full Tilt Poker surrendered to authorities on Monday and pleaded not guilty to charges of illegal gambling and that the online poker operator defrauded its players.


UBS CEO not resigning, loss mounts to $2.3 billion

UBS CEO not resigning, loss mounts to $2.3 billion

Oswald Gruebel, the chief executive of UBS, has dismissed calls for his resignation as politically motivated, even as the Swiss banking giant raised its estimated loss by a rogue trader to $2.3 billion. CEO Resigns CEO Resigns CEO David Wei resigned after an internal investigation found that more than 2,300 sellers on the e-commerce site were committing fraud, sometimes with the help of sales staff.


Bank Ex-CEO Pleads Guilty to TARP Fraud

The former chief executive of Park Avenue Bank pleaded guilty to charges that he attempted to defraud the Troubled Asset Relief Program.


Subscribe to this RSS topic: Syndicate content