Ceo, Fraud | featured news

Supreme Court says fraud law can't be used in convicting Skilling for role in Enron collapse.

A grand jury has indicted the chief executive of what was once among the nation's largest independent home-loan providers on 16 counts of bank, securities and wire fraud.

Goldman Sachs CEO Lloyd Blankfein, in written testimony prepared for a Senate hearing on Tuesday, said his firm "certainly did not bet against our clients."

A state judge on Thursday ordered former HealthSouth CEO Richard Scrushy to pay nearly $2.9 billion to shareholders who sued over a massive accounting fraud that nearly sent the rehabilitation chain into bankruptcy.

The former chief, Angelo R. Mozilo, is the highest-profile person to face charges in the wake of the financial crisis.