08/13/2014
A former Massachusetts Institute of Technology professor and his son agreed to plead guilty to running a $500 million hedge-fund scam that was uncovered by investigators probing Bernard Madoff’s Ponzi scheme.
08/13/2014
No dates have been set for when the men will make their guilty pleas or when they will be sentenced.
08/13/2014
Many of them were asleep at the wheel last time so they want to be wide awake to any potential problems when the next financial crisis starts to rear its ugly head.
08/12/2014
Ex-fund manager to pay $20-million for breaching duties to investors
Today's decision follows an earlier decision dated August 23, 2013
08/12/2014
JPMorgan Chase & Co’s retail-banking general counsel Matthew Biben has left the bank three years after joining.
08/12/2014
The Securities and Exchange Commission has charged a Bahamas-based brokerage firm and its president for enabling a fraud that was halted when the SEC charged the hedge fund manager at the center of the scheme.
08/11/2014
McMahon in 2008 had sentenced Israel to 20 years for fraud
08/11/2014
fund. Both men had faced up to 20 years in prison
08/10/2014
The SEC Whistleblower Program Year in Review – Introduction
08/08/2014
Confidential Memorandum of Understanding Formally Ordered Bank to Make Far-Reaching Improvements
08/08/2014
Against that double historical backdrop comes today’s news that Bank of America has offered to pay $17 billion to settle claims filed nationwide alleging it shares responsibility for the collapse.
08/08/2014
These new rules boosted the permissible regulatory oversight of the private fund industry to an unprecedented level.
08/08/2014
ConvergEx has since shut down trading operations at the Bermuda broker-dealer subsidiary ConvergEx Global Markets Limited.
08/08/2014
About 200 other plaintiffs in the lawsuit with claims against the bank stemming from attacks blamed on the al-Aqsa Martyrs Brigades and other groups have not yet gone to trial.
08/07/2014
City alleged that lender “engaged in mortgage discrimination”
08/07/2014
He was sentenced last month to two years in prison and ordered to pay a $1.75 million fine for lying to customers about mortgage-backed securities.
08/06/2014
The promoters reaped more than $2.5 million in illegal profits through their schemes.
08/05/2014
A federal jury found the Wylys liable for a system of offshore trusts in the Isle of Man that netted the brothers $553 million in profits through hidden trades between 1992 and 2004 in companies they controlled.
08/05/2014
The bank said it had sent the results of its internal review to the U.S. authorities.
08/05/2014
The agreement represents one of the largest settlements of a securities fraud lawsuit in the wake of the economic meltdown.