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Financial Crime

Eleazar David Melendez

SEC: Investment Manager Sold Fake Facebook Shares To Pay Off His Fraud Fines

HuffingtonPost.com | Eleazar David Melendez | Posted 03.19.2013 | Business

The come-on was irresistible. It was 2010 and rumors began swirling that Facebook was about to issue shares in an initial public offering, one of the ...

Ben Hallman

Mary Jo White Takes A Spin In The Revolving Door

HuffingtonPost.com | Ben Hallman | Posted 01.25.2013 | Business

Morgan Stanley needed someone with an inside line to the Securities and Exchange Commission. It was 2005, and the investment banking giant's board of ...

$5 Million Bail?

Reuters | Posted 01.26.2013 | Business

By Emily Flitter and Basil Katz NEW YORK, Nov 26 (Reuters) - A former SAC Capital portfolio manager was released on $5 million bail on...

Ben Hallman

Too Big To Jail: Wall St. Execs Unlikely to Face Criminal Charges, Source Says

HuffingtonPost.com | Ben Hallman | Posted 09.08.2012 | Business

A last-ditch effort by federal and state law enforcement authorities to hold Wall Street accountable for nearly bringing down the U.S. economy is unli...

One Man's Alleged Scheme Caused An Entire Bank To Fail

AP | Posted 10.25.2012 | Business

NORFOLK, Va. — A southeast Virginia developer and restaurateur is facing up to 20 years in prison after pleading guilty to federal bank fraud ch...

Taibbi: Wall Street Has 'No Fear Of Individual Punishment'

The Huffington Post | Harry Bradford | Posted 08.24.2012 | Business

Matt Taibbi has said it before and he’ll say it again: Wall Street bankers responsible for the financial crisis need to be punished. The problem is,...

Baseball Legend Settles Insider Trading Allegations

Reuters | Posted 08.17.2012 | Business

NEW YORK (Reuters) - The Securities and Exchange Commission on Friday announced insider trading charges against retired baseball player Eddie Murray a...

What To Do When You're Getting Calls About Someone Else's Debt

Bankrate | Steve Bucci | Posted 02.13.2014 | Money

Dear Debt Adviser, I am a victim of identity theft. The person who stole my ID took out a payday loan and used a fake bank account number. I am now b...

Supreme Court Rejects Enron Exec's Appeal To Overturn Criminal Conviction

Reuters | Posted 06.16.2012 | Business

* Appeals court ruled that any errors at trial were harmless * Supreme Court ruled in case in 2010 * Resentencing of Ski...

Whistleblower Finds Death-Threat Note On Office Chair

The Huffington Post | Alexander Eichler | Posted 04.13.2012 | Business

How come there aren't more whistleblowers? It's a vexing question for anyone who'd like to see corporate crime reduced. Just this week, CNN noted t...

JPMorgan Banker Resigns To Fight Insider Fine

Reuters | Posted 06.03.2012 | Business

* JP Morgan Global Chairman of Equity Capital Markets steps down * Ian Hannam says resigns to fight FSA accusation of market abuse ...

Major Bank Accused Of 'Trading Scheme Of Massive Proportion'

Reuters | Posted 06.02.2012 | Business

* CFTC accuses RBC of "trading scheme of massive proportion" * RBC calls lawsuit "absurd", says CFTC reviewed trades * C...

Cybercrime A Huge Problem On Wall Street

The Huffington Post | Alexander Eichler | Posted 03.28.2012 | Business

Years after the global financial crisis of 2008, there's a new problem on the minds of those working on Wall Street. That's the conclusion of a new...

Hedge Fund Employees Allegedly Part Of 'Tight-Knit Circle Of Greed'

The Huffington Post | Jillian Berman | Posted 01.19.2012 | Business

Federal prosecutors have arrested seven hedge fund workers, alleging that they were part of a "tight-knit circle of greed" that took home nearly $78 m...

Madoff Hints at Broader Complicity in His Crimes; What Do We Want To Know?

Danny Schechter | Posted 05.25.2011 | Business
Danny Schechter

Thank you Bernie for breaking your silence, even if you are still clinging to that cover-up mode you adopted since your guilty plea took all the blame for your crimes on yourself.

Shahien Nasiripour

Financial Crisis Prosecutions On Wall Street Slow To Develop Despite Cries For Justice

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

NEW YORK -- After the last major banking crisis, some two decades ago, roughly 3,800 bankers were prosecuted and sentenced to prison terms, by the Jus...

Use Horse Sense, Don't Be a Mule

Christopher Burgess | Posted 05.25.2011 | Technology
Christopher Burgess

In 2010, money-laundering arrests have included criminal organizations from Central Eurasia, Latin America, Southeast Asia, Eastern Europe, the EU, Africa and the United States. It's a global issue.

What's Wrong with America? Let Me List the Books....

Robert David Steele | Posted 05.25.2011 | Books
Robert David Steele

Sun Tzu writes that if you do not know your enemy, AND you do not know yourself, you are destined to fail. The United States of America is not a Repu...

Wall Street Is Laundering Drug Money And Getting Away With It

Zach Carter | Posted 05.25.2011 | Business
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.

Comparing BP to Wall Street: Can We "Fix" It?

Danny Schechter | Posted 05.25.2011 | Business
Danny Schechter

Either by becoming willfully blind to excessive risk taking or by maintaining policies that encouraged destabilizing behaviors, policymakers and regulatory agencies contributed to the financial system's collapse.