Securities Fraud

Were You "Punk'd" by Facebook?

Joanne Bamberger | Posted 05.29.2012

Read More: Investments, Business, Securities and Exchange Commission, Securities Fraud, Facebook IPO, Social Media, Facebook Stock Price, Facebook, Facebook Stock, Business News
Joanne Bamberger

Even though there is never a sure thing on Wall Street, many people thought this would be the exception. After all, it's Facebook we're talking about.

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How Financial Criminalization Crashed Economy, Goes Unpunished

Charles Ferguson | Posted 05.23.2012

Read More: Corruption, Financial Fraud, JPMorgan Chase, Goldman Sachs, JP Morgan, White Collar Crime, Wall Street, Finance, Wall Street Crimes, Financial Crisis, Mortgage-Backed Securities, Securities Fraud, Wall Street Corruption, Business News
Charles Ferguson

It is no exaggeration to say that since the 1980s, much of the financial sector has become criminalized, creating an industry culture that tolerates or even encourages systematic fraud.

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D.M. Levine

Goldman Sachs Looms As Rajat Gupta Fraud Trial Begins

HuffingtonPost.com | D.M. Levine | Posted 05.21.2012

Read More: Goldman Sachs, Insider Trading, Video, Rajat Gupta, Raj Rajaratnam, Gupta-Trial, McKinsey & Company, Conspiracy, Galleon Group, Securities Fraud, Business News

Goldman Sachs haunts the insider trading case against one of the Wall Street bank's former directors, Rajat K. Gupta. As Gupta's federal fraud trial o...

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Goldman Director Starts Insider Trading Trial Today

AP | TOM HAYS | Posted 05.21.2012

Read More: Berkshire Hathaway, Lloyd Blankfein, Goldman Sachs, Insider Trading, Mckinsey, Video, Raj Rajaratnam, Rajat Gupta, Hedge Funds, Dow Jones Industrial Average, Galleon, Ap, Securities Fraud, P&G, Business News

NEW YORK (AP) — The July 29, 2008, phone call between two titans of Wall Street began with the old friends exchanging mild pleasantries, but then qu...

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MetLife Sues Morgan Stanley

The Huffington Post | D.M. Levine | Posted 04.27.2012

Read More: Goldman Sachs, Morgan Stanley, Abacus, Allstate, Metlife, Financial Crisis, Mortgage-Backed Securities, Lawsuit, Securities Fraud, Business News

Insurance giant MetLife is suing Morgan Stanley for fraud. The suit, filed in state court in New York on Wednesday, seeks $757 million over reside...

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D.M. Levine

Twins Accused Of Massive Stock-Picking Robot Scheme Started As Teenagers

HuffingtonPost.com | D.M. Levine | Posted 04.20.2012

Read More: Penny-Stocks, Complaints, Pump-and-Dump-Scam, Sec, Civil Suit, Lawsuit, Securities Fraud, Business News

Call it a family business. On Friday, the Securities and Exchange Commission filed suit against British twins for operating an alleged pump-and-dump s...

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How to Avoid a Ponzi Scheme

Michael Martin | Posted 04.17.2012

Read More: Ponzi Scheme, Sec, Jon Corzine, Jon Corzine Mf Global, Securities and Exchange Commission, Securities Fraud, Cftc, Video, Business News
Michael Martin

Investors who are victims of crime or financial fraud might have an easier time dong background search in trying to avoid Ponzi schemes before making investments than guessing which bank, Future Commission Merchant, or broker goes bankrupt.

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Why Angry Investors May Be Getting Angrier

Reuters | Posted 05.13.2012

Read More: Video, Financial Fraud, Securities Fraud Settlements, Securities, Reuters, Business News, Financial Crimes, Civil-Securities-Fraud, Securities and Exchange Commission, Securities Fraud, Business News

* Lowest settlement totals in a decade - Cornerstone * Pickup in SEC enforcement may spur more payouts By Jonathan Stemp...

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Ryan Grim

Wall Street Task Force Faces Major Challenge

HuffingtonPost.com | Ryan Grim | Posted 02.28.2012

Read More: Securitization, Elizabeth Warren, Video, Foreclosure Crisis, Mortgage Fraud Task Force, Mortgage Settlement, Eric Schneiderman, Mortgage Fraud, Mortgage Crisis, Banks, Mortgage-Backed Securities, Securities Fraud, Brad Miller, Politics News

A task force is a fickle thing. With the right leader, a strong staff, a broad mandate and a target population rich with criminal actors, a team of pr...

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Denver Hedge Fund CEO Admits $2.5M Inside Trade Scheme

AP | By LARRY NEUMEISTER | Posted 12.23.2011

Read More: Apache Corp, Insider Trading, Denver Hedge Fund Ceo Insider Trading, Denver News, Hedge Funds, Mariner Energy, Denver Business News, Sec, Denver Colorado, Drew 'Bo' Brownstein, Securities and Exchange Commission, Big 5 Hedge Fund, Securities Fraud, Big 5 Asset Management, Denver News

NEW YORK -- The Denver owner of a hedge fund pleaded guilty Friday to securities fraud, admitting making up to $2.5 million by trading on inside infor...

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WaMu Settles Class-Action Securities Fraud Lawsuit

Posted 08.31.2011

Read More: Washington Mutual Securities, Poor Loan Underwriting, WaMu Settlement, Stock Price, Class Action Lawsuit, Washington Mutual, Securities Fraud, Business News

Washington Mutual Inc's (WAMUQ.PK) officers, directors, underwriters and auditor have agreed to a $208.5 million settlement to end class-action se...

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Hedge Fund Manager Raj Rajaratnam Found Guilty On 14 Counts Of Insider Trading

Posted 07.11.2011

Read More: Rajaratnam Trial, Insider Trading, Raj Rajaratnam, Hedge Funds, Raj Verdict, Conspiracy Charge, Rajaratnam Jail, Rajaratnam, Securities Fraud, Raj Guilty, Video, Business News

In what has been a heavily-watched insider trading case, Galleon Group hedge fund manager Raj Rajaratnam has been found guilty on all 14 counts of sec...

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Changes in Private Placement Rules: Economic Panacea or Much Ado About Nothing?

Marty Robins | Posted 06.11.2011

Read More: Economic Recovery, Securities and Exchange Commission, Private Placements, Securities Fraud, Business News
Marty Robins

Recent days have seen a good deal of commentary regarding a proposed easing of the SEC's rules governing so-called "private placements" of securities....

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Shahien Nasiripour

SEC Under Criticism Yet Again For 'Light' Penalty Against Big Bank

HuffingtonPost.com | Shahien Nasiripour | Posted 06.07.2011

Read More: Wells Fargo, Financial Crisis, Wells Fargo Sec, Sec, Wachovia Sec, Collateralized Debt Obligations, Securities and Exchange Commission, Wachovia, Cdo, Securities Fraud, Business News

The nation's fourth-largest bank agreed to pay an $11 million fine this week to settle federal charges that it misled investors by hiding critical fac...

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An Honest Bank Is Hard to Find

B. Jeffrey Madoff | Posted 05.29.2011

Read More: Merrill Lynch, Cnn, John Thain, Subprime Mortgages, Securities Fraud, Countrywide Financial, Bank of America, New York Times, Housing Crisis, Washington Post, Justice Department, Securities and Exchange Commission, Tarp, Fbi, Business News
B. Jeffrey Madoff

I never actually met anyone in person from Bank of America. I was not too big to fail; I was too small to notice.

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Crime Pays: The SEC's Slap on the Wrist for Angelo Mozilo

David Callahan | Posted 05.25.2011

Read More: Sec, Securities Fraud, Insider Trading, Countrywide Financial, Subprime Mortgage Crisis, Mortgage Crisis, Financial Crisis, Housing Crisis, Angelo Mozilo, Subprime Loans, Business News
David Callahan

Let's say a business leader makes hundreds of millions of dollars through criminal practices that end up wiping out the wealth of myriad homeowners an...

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Citibank: Will Anyone Hold Rubin and Prince Accountable?

Zach Carter | Posted 05.25.2011

Read More: Citi, Citigroup, Chuck Prince, Sec, Wall Street Crash, Securities Fraud, Wall Street, Wall Street Crisis, Citibank, Rubin, Subprime, Wall Street Fraud, White-Collar Crime, Business News
Zach Carter

When bankers think they can get away with rampant fraud and get paid very well to do it, they'll do it. Robert Rubin's best defense is that he really isn't all that bright -- he's either an idiot or a criminal.

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Despite Fraud Convinction, Ex-Morgan Stanley Traders Keep Millions In Bonuses

Huffington Post | Sara Yin | Posted 05.25.2011

Read More: Fraud, Morgan Stanley, Credit Suisse, Julian Tzolov, Sign-in Bonus, Subprime Mortgage Crisis, Signing Bonus, Eric Butler, Securities Fraud, Business News

This story has been updated. Sometimes great things happen to bad people. Two ex-brokers convicted of securities fraud have been allowed to keep th...

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The $600 Million Teddy Bear Case

Bill Singer | Posted 05.25.2011

Read More: Financial Fraud, Fraud, WG Trading, Wall Street, Wall Street Reform, Bill Singer, Securities and Exchange Commission, Justice Department, Securities Fraud, BrokeAndBroker.Com, Business News
Bill Singer

The WG Trading case represents yet another long-term fraud that went undetected by our nation's many regulators and prosecutors for far too long with disastrous consequences.

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Wall Street "Justice": AIG Evidence Raises the Question, "Where Are the Indictments?"

Richard (RJ) Eskow | Posted 05.25.2011

Read More: Indictments, Goldman Sachs, Aig, Sec, Department of Justice, Securities Fraud, Politics News
Richard (RJ) Eskow

A disturbing pattern seems to be forming in Washington: Evidence of financial wrongdoing leads to settlements with large banking institutions, but with no apparent move to indict the individuals responsible.

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Modern-Day Regulation: The Big Broom After the Circus Parade Passes

Bill Singer | Posted 05.25.2011

Read More: Financial Fraud, Commissioner Aguilar, Wall Street Crisis, Bp, Luis Aguilar, Wall Street Reform, Flash Crash, Hurricane Katrina, Sec, Bill Singer, Securities and Exchange Commission, Securities Fraud, BrokeAndBroker.Com, Business News
Bill Singer

We are saddled with legislators and regulators who belatedly cobble together ineffective solutions for yesterday's problems. In the end, we get neither an ounce of prevention nor a pound of cure.

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SEC Uncovers $34M Ponzi Scheme That Targeted Government Employees

AP | MARCY GORDON | Posted 05.25.2011

Read More: Eric Bustillo, Florida, Federal Employee Benefits Group, Kenneth Mcleod, Ponzi Scheme, Sec, Securities and Exchange Commission, Securities Fraud, Business News

WASHINGTON — The government said Friday it obtained a court order to halt an alleged $34 million Ponzi scheme targeting federal employees and la...

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U.S. Demands MILLIONS, Bentley From Two Ex-Madoff Employees

Huffington Post | Nathaniel Cahners Hindman | Posted 05.25.2011

Read More: JoAnn Crupi, Bernard Madoff, Ponzi Scheme, Bernard L. Madoff Investment Securities, Securities Fraud, U.S. Attorney, Frank DiPascall, Annette-Bongiorno, Business News

In what one Madoff prosecutor called "another step in this still active and very much ongoing investigation," the U.S. Attorney's Office ordered two l...

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It's Time to Cut Goldman Sachs and the Rest of Them Down to Size

Joseph A. Palermo | Posted 05.25.2011

Read More: James Kwak, Citigroup, Sec, Senate Republican Minority Leader Mitch McConnell, Fraud, Wells Fargo, Too Big to Fail, George W. Bush, Goldman Fraud, Larry Summers, Obama Administration, Securities Fraud, Goldman Sachs Fraud Charges, Goldman Sachs, JPMorgan Chase, Bank of America, Morgan Stanley, Money Trust, Financial Meltdown, Henry Paulson, Fraud at Goldman Sachs, Timothy Geithner, 13 Bankers, Securities and Exchange Commission, Simon Johnson, Financial Crisis, Ben Bernanke, Business News
Joseph A. Palermo

Hopefully, the SEC's pursuit of long-overdue fraud charges against Goldman Sachs is only the beginning of a process that will take the country back from these financial monopolists.

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Fabrice Tourre, Goldman Sachs VP, Charged With Securities Fraud

Huffington Post | Marcus Baram | Posted 05.25.2011

Read More: Goldman Securities Fraud, Goldman Sachs, Fabrice Tourre, Fabrice Tourre Goldman Sachs, Fabulous Fab, Fabrice Tourre Goldman, Goldman VP Charged, Tourre Charged, Fabrice Tourre Emails, Securities Fraud, Video, Business News

This story is being updated, scroll down for photos The 31-year-old Goldman Sachs vice president charged with securities fraud by the Securities a...

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