Wall Street Fraud

Marcus Baram

Wall Street's All-Star Legal Team Prepares For Battle With Federal Task Force

HuffingtonPost.com | Marcus Baram | Posted 02.09.2012

Read More: Wall Street Lawyers, Thewatchdog, Watchdog Blog, K&L Gates, Regulatory Blog, Financial Fraud Enforcement, Wall Street Fraud, White-Collar Crime, Business News

If you work on Wall Street and you observe some illegal shenanigans, make sure you call up the right Financial Fraud Enforcement Task Force. Over t...

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Judicial Duplicity: It's Worth Protesting

Michael Santos | Posted 12.24.2011

Read More: Bank Fraud, White Collar Crime, Nonviolent Crime, White Collar Sentencing, Citibank Fraud, Citigroup Fine, Wall Street Crime, Wall Street Fraud, Citibank Fine, Mortgage Fraud, Citi Fine, Crime News
Michael Santos

Citibank admitted to selling mortgage bonds under fraudulent pretenses, but the government goes easy on the mighty banks of Wall Street.

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JPMorgan To Settle With SEC For $153.6M Over Misleading Investors

Posted 08.21.2011

Read More: Investment Banks, Sheila Blair, 2008 Financial Crisis, JPMorgan Chase, Jamie Dimon, Securities and Exchange Commission, Wall Street Fraud, Business News

WASHINGTON/NEW YORK (Sarah N. Lynch and Jonathan Stempel) - JPMorgan Chase & Co said it agreed to pay $153.6 million to settle U.S. Securities and...

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Crime in Decline? Not Necessarily

David O. Friedrichs | Posted 08.16.2011

Read More: US Crime, White Collar Crime, Crime Rates US, Crime and Prison Reports, Wall Street Bailout, Wall Street Crime, Wall Street Fraud, Business News
David O. Friedrichs

We have experienced recent major waves of white-collar crime, and have reason to believe that such crime -- with many devastating consequences -- may well be on the rise.

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Goldman Sachs Says Regulators Might Bring Fraud Charges

AP | Posted 07.10.2011

Read More: Mortgage Crisis, Financial Crisis, Goldman Sachs, Federal Regulators, Subprime Crisis, Commodity Futures Trading Commission, Wall Street Fraud, Cftc, Business News

WASHINGTON -- Goldman Sachs & Co. says one of its units is being investigated by federal regulators over whether it improperly used investment account...

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Suck on This

Jonathan Weiler | Posted 06.05.2011

Read More: Joe Barton, Alan Greenspan, Impunity, Transocean, Wall Street Fraud, Tim Geithner, Connck vs. Thompson, Politics News
Jonathan Weiler

Here are some notes from a nation in which the wealthy and powerful increasingly act with near impunity and the lesser off just have to "suck on this" -- in the immortal and unwittingly apt phrase of one of our elite pundits.

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Foreclosure-Gate Fallout: How Bad Can It Get For Wall Street?

Zach Carter | Posted 05.25.2011

Read More: Fraud, Foreclosures, Financial Fraud, Bank of America, Foreclosure Crisis, Chase, Wall Street, Countrywide, Bofa, Subprime, Wall Street Fraud, Jpmorgan, Greenwich Capital, Mortgage Crisis, Foreclosure Fraud, Business News
Zach Carter

JPMorgan Chase loves using its research department to push its agenda that puts them in the optimist camp. But take a look at their methodology. The scope of losses gets drastically larger if you change a few arbitrary assumptions.

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Insider Trading: Frequent Flyers, Potatoes and Macy's

Bill Singer | Posted 05.25.2011

Read More: Fraud, Insider Trading, Wall Street Regulation, Wall Street, Securities and Exchange Commission, Wall Street Fraud, Vorobiev, Koval, Poteroba, Business News
Bill Singer

On March 25, 2010, BrokeAndBroker.com published a detailed analysis of Securities and Exchange Commission v. Igor Poteroba, Aleksey Koval and Alexand...

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Handcuffs for Wall Street, Not Happy-Talk

Zach Carter | Posted 05.25.2011

Read More: Citi, Sec, Recovery, Occ, Blankfein, Washington Mutual, Wall Street Prosecutions, Economy, Jobs, Obama, Wamu, Fraud, Financial Fraud, Ots, Goldman Sachs, Merrill Lynch, Abacus, Wall Street, Chrystia Freeland, Lehman Brothers, Citibank, Washington Post, Indymac, Wall Street Fraud, Business News
Zach Carter

When you steal a lot of money, you go to jail. Obama doesn't just need tough talk for Wall Street, he needs to prosecute the frauds that were committed, and explain them to the American people.

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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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Foreclosure Mills: Wall Street's Latest Fraud Scheme

Zach Carter | Posted 05.25.2011

Read More: Citi, Foreclosures, Citigroup, Wells Fargo, Economy, Mother Jones, Mortgage Crisis, Financial Fraud, Fraud, Bank of America, Foreclosure Crisis, Foreclosure Mills, Wall Street, Bofa, Andy Kroll, Banks, Subprime, Wall Street Fraud, Business News
Zach Carter

Banks broke the law and hired other people to break the law for them, scoring big profits without being punished. Is it any wonder that they're still at it?

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Wall Street Is Laundering Drug Money And Getting Away With It

Zach Carter | Posted 05.25.2011

Read More: Financial Fraud, Financial Crime, Tbtf, Wall Street Reform, Wells Fargo, Financial Reform, Money Laundering, Too-Big-to-Fail, Drug Money, Wachovia Money Laundering, Wall Street Fraud, Wachovia Drug Money, Wachovia, White-Collar Crime, Business News
Zach Carter

Wachovia Bank is accused of laundering $380 billion in Mexican drug cartel money, and is expected to emerge with a slap on the wrist thanks to a government policy which protects megabanks from criminal charges.

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Weekly Audit: How Deregulation Fueled Goldman Sachs' Scam

The Media Consortium | Posted 05.25.2011

Read More: Foreclosures, Democracy Now!, Nomi Prins, The American Prospect, Robert Reich, Tbtf, Derivatives, Wall Street Crisis, Financial Reform, Christopher Hayes, The Nation, Recession, Greenspan, Alternet, Financial Fraud, Aig, Goldman Sachs, Foreclosure Crisis, Wall Street Reform, Nick Baumann, Bailout, Goldman Sachs Fraud, Mother Jones, Hedge Funds, Subprime, Amy Goodman, Juan Gonzales, Bank Bailout, Wall Street Fraud, Wall Street Bailout, Too Big to Fail, Home News
The Media Consortium

by Zach Carter, Media Consortium blogger Last week, the Securities and Exchange Commission filed fraud charges against Goldman Sachs and underscored w...

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Goldman Sachs Fraud Charges Just The Beginning For Wall Street

New York Times | LOUISE STORY and GRETCHEN MORGENSON | Posted 05.25.2011

Read More: SEC Goldman Sachs, Sec, Bailout Bandits, Goldman Sachs, Financial Reform, Goldman Sachs Fraud, Wall Street Fraud, Wall Street, Business News

or Goldman Sachs, it was a relatively small transaction. But for the bank -- and the rest of Wall Street -- the stakes couldn't be higher. Accusation...

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Shahien Nasiripour

Goldman Sachs Fraud Charges Could Be Just The Beginning, Say Analysts

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Goldman Securities Fraud, Goldman Sachs, Goldman Charges, Goldman Fraud, Sec Goldman, Wall Street Fraud, Business News

Securities fraud charges against Goldman Sachs are just the beginning as federal regulators and investigators comb through the wreckage of a fraud-ind...

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In-House Fraud Surging During The Recession

Financial Times | Robert Cookson | Posted 05.25.2011

Read More: Fraud Recession, Fraud During Recession, In-House Fraud, Fraud Wall Street, Recession Fraud, Wall Street Fraud, Fraud by Employees, Business News

Fraud committed against companies by their own employees has surged this year, new data suggest, providing fresh evidence that the recession is fuelli...

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Securities Firms Cheated Customers, Settle With SEC

New York Times | DIANA B. HENRIQUES | Posted 05.25.2011

Read More: Wall Street, Sec Settlement, 14 Wall Street Firms, Sec-Fraud, Fraud Sec, Sec, Securities and Exchange Commission, Wall Street Fraud, Business News

More than a dozen Wall Street trading firms systematically cheated their customers of millions of dollars by improperly slicing bits of profit from co...

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Arrested Money Managers Stephen Walsh, Paul Greenwood Lived High On The Hog

New York Times | ZACHERY KOUWE | Posted 05.25.2011

Read More: Westridge Capital, WG Trading Company, Money-Manager-Arrested, Wall Street Arrests, Wall Street Fraud, Money Managers Arrested, Paul Greenwood, Stephen Walsh, Business News

For two decades, Paul Greenwood and Stephen Walsh looked like Wall Street wizards. Their supposed investment prowess lured hundreds of millions of ...

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Wall Street Fraud: Two Arrested In Latest Scandal

AP | TOM HAYS and LARRY NEUMEISTER | Posted 05.25.2011

Read More: Wall-Street-Fraud, Wall Street, Paul Greenwood Stephen Walsh, Stephen Walsh, Paul Greenwood, Greenwood Walsh, Fbi Wall Street, Wall Street Fraud, Business News

NEW YORK — Federal authorities brought charges in two major securities fraud investigations Wednesday, saying one scheme fell apart because of p...

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How To Escape Capture After Committing Financial Fraud

Dealbreaker | Posted 05.25.2011

Read More: Financial Fraud, Fraud, Allen Stanford, R. Allen Stanford, Federal Authorities Financial Fraud, Sir R. Allen Stanford, Wall Street Fraud, Business News

Disappointed by the alarming dearth of intelligence in the modern criminal mind, and with the eventual goal of providing more interesting and alluring...

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Bring Back the Stocks

Paul Begala | Posted 05.25.2011

Read More: Fraud, White Collar Crime, Stocks, Wall Street, Wall Street Fraud, Dick Cheney, Paul Begala, Politics News
Paul Begala

As President Obama ushers in a new era of good feeling, allow me this potentially discordant note. As we finally stop torturing people, can we please start humiliating sleazeballs?

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Is Gordon Gekko Right?

Byron Williams | Posted 05.25.2011

Read More: Gordon Gecko, Wall Street, Madoff Scandal, Madoff, Ponzi Scheme, Bernard Madoff, Wall Street Fraud, Madoff Fraud, Business News
Byron Williams

In the case of Bernard Madoff, the financial bottom line became the exclusive demarcation between genius and unlawful and immoral acts.

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Thousands Of Investors Face Serious Losses Following Madoff Fraud

New York Times | ALEX BERENSON and DIANA B. HENRIQUES | Posted 05.25.2011

Read More: Bernard Madoff, Madoff Scandal, Wall Street Fraud, Madoff Fraud, Madoff, Ponzi Scheme, Business News

For years, investors, rivals and regulators all wondered how Bernard L. Madoff worked his magic. But on Friday, less than 24 hours after this promine...

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