09/08/2011
Brazil Blocks Transfer to Libya to Prevent Funding for Qaddafi
Brazil Blocks Transfer to Libya to Prevent Funding for Qaddafi
Legal, Regulation & Compliance
09/07/2011
"Fraud As a Business Model"
There were many factors that contributed to our recent financial bubble: deregulation, cheap money from the Fed, failure to enforce remaining regulations, crony capitalism, hubris, speculation, leverage, and fraud among other problems.
09/07/2011
State prosecutors offer US banks deal over robo-signing lawsuits
In response to the allegations, state prosecutors are said to have come up with settlement language that might require these banks to pay somewhere in the ballpark of $10 billion to $25 billion.
09/05/2011
SFO joins US inquiry into bank practices
SFO joins US inquiry into bank practices
09/05/2011
Potential Lawsuit Tanks Banks
Potential Lawsuit Tanks Banks
09/02/2011
Prosserman's 'Chasing Madoff' invests too much in Markopolos
Less well known is the equally riveting story of Madoff whistle-blower Harry Markopolos, who waged a lonely decadelong campaign to uncover Madoff as a crook.
09/01/2011
PwC and Crowe Sued over Colonial Bank Audits
PwC and Crowe Sued over Colonial Bank Audits
09/01/2011
Ex-Galleon trader sentenced to 5 1/2 years in prison
Ex-Galleon trader sentenced to 5 1/2 years in prison
08/31/2011
Bank of America kept AIG legal threat under wraps
Bank of America kept AIG legal threat under wraps
08/24/2011
Some of WikiLeaks' Bank of America data destroyed
Some of WikiLeaks' Bank of America data destroyed
08/23/2011
Private banker banned after stealing client money
A former vice president at Northern Trust N.A. in Miami agreed to a ban from banking after being charged with stealing $4 million from client accounts.
08/23/2011
Ex-UBS client ordered to give tax records to grand jury
Ex-UBS client ordered to give tax records to grand jury
08/23/2011
SEC charges Philly fund manager with fraud
SEC charges Philly fund manager with fraud
08/22/2011
Former IMF boss charges could be dropped
Former IMF boss charges could be dropped
08/18/2011
SEC accused of destroying files
SEC accused An employee at the Securities and Exchange Commission has accused the regulatory agency of destroying at least 9,000 documents relating to inquiries of Wall Street banks and hedge funds.of destroying files
08/18/2011
Madoff trustee amends UBS case, says bank misled regulators
The trustee liquidating Bernard Madoff’s firm amended his lawsuit seeking $2 billion from UBS, claiming the Swiss bank misled regulators in the U.S. and Luxembourg to help hide Madoff’s Ponzi scheme.
08/16/2011
You are entering the Dodd-Frank dead zone
But the Dodd-Frank Act makes that an especially painful option to consider for midsize banks like First Horizon National Corp., USAA Federal Savings, Rabobank and New York Community Bancorp.
08/16/2011
Ex-Nasdaq executive gets 42 months in jail
A former managing director of the Nasdaq Stock Market was sentenced today to 42 months in prison by a federal judge in Virginia.
08/16/2011
Judge denies Rajaratnam's bid to toss conviction
Judge denies Rajaratnam's bid to toss conviction
08/16/2011
Credit Suisse likely to settle criminal tax probe, lawyers say
Credit Suisse, the second-largest bank in Switzerland, has too much to lose by fighting the Justice Department and risking indictment, said lawyers not involved in the case. Prosecutors told the bank last month that it is a target of a probe into its form