A recent study confirmed that control fraud was endemic among our most elite financial institutions. The key conclusion of the study is that control fraud was "pervasive."
A crucial change in the way financial derivatives are packaged and sold on Wall Street is enabling traders to bypass new regulations aimed at limiting...
Bankers who made billions of dollars packaging home loans into bonds during the prime years of the housing boom provided false information to investor...
President Barack Obama’s failure to mention financial reform during Tuesday night’s State of the Union address is a disappointing setback that sho...
If the rule of law is not applied equally, whereby a teenager harboring a pack of marijuana gets jail time while executives who cashed in millions pedaling fraudulent financial instruments remain untrammeled, the very edifice of America begins to crumble.
Forget about the notion of a guilty conscience. Cheating actually feels good, according to a new study. Breaking the rules dishonestly doesn't resu...
By Kevin Drawbaugh and Dena Aubin July 29 (Reuters) - When Peregrine Financial collapsed earlier this month, a nagging question resurfa...
* NFA let firms verbally pledge to do better-2002 report * CFTC report called practice troubling * Report came during mi...
By Ann Saphir CHICAGO, July 18 (Reuters) - Peregrine Financial Group CEO Russell Wasendorf Sr., who last week confessed to bilking fu...
When Leon Bressert first heard that his former employer, Peregrine Financial Group, had collapsed amid fraud allegations, he was not surprised. “I w...
* 20-year-fraud raises questions about NFA oversight * Sources say NFA auditors typically new college grads * NFA offici...
CEDAR RAPIDS, Iowa July 13 (Reuters) - Russell Wasendorf Sr., the founder and CEO of failed futures brokerage PFGBest, faces "up to decades in priso...
With a political system that operates as a public auction, should we really be surprised, whoever wins, when the highest bidders get precisely the kind of government they want?
When commodities brokerage firm MF Global collapsed last October, losing $1.6 billion in customer funds in the process, Christopher Dickerson was sure...
We are left with one thing we could do now to go straight at the heart of darkness: prosecute these bankers. The president, to his credit, set up a task force to do just that. So why doesn't anything seem to be happening?
In 2006, American Banker magazine named Jerry Williams one of its Community Bankers of the Year. Now Williams is headed to prison for six years. Some...
CHICAGO -- In one of their largest financial-fraud cases ever, federal prosecutors in Chicago announced charges Friday against the former CEO and head...
Here are ten reasons why it makes sense to be suspicious of the Facebook IPO, starting with the fact that any overview of the three institutions which handled it might best be described as "rounding up the usual suspects."
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.
WASHINGTON -- Rep. Brad Miller (D-N.C.) blasted congressional Republicans on Thursday, including fellow North Carolinian Rep. Patrick McHenry, compari...
Marc Dreier may be the biggest Wall Street criminal you've never heard of, but he'd respectfully disagree.
You might think that being a top financial regulator is a dry job, or that it’s never dangerous. You might then be wrong. Vincent McCrudden,...
President Obama needs to give the Department of Justice task force the resources required to launch a serious investigation that will bring about real accountability before the statutes of limitations run out for Wall Street's crimes.
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...
ALEXANDRIA, Va. — The chief financial officer of what had been one of the nation's largest private mortgage companies pleaded guilty to charges ...
