For years now this has been DOJ's strategy: to rattle off the number of cases of "financial fraud" or "mortgage fraud" it has won, not a single one of which is the kind of case the public has been demanding.

By Grant McCool NEW YORK, July 31 (Reuters) - A former Citigroup Inc manager was found not liable on Tuesday of civil...

Something really bad happened at a big bank, and tens of millions of dollars are being shelled out in settlements, and yet so far no heads are rolling. Just maybe that's because ripping off customers is now part of the business model for major banks. And why punish executives for doing their job?

* Kumar to be sentenced Thursday, faces up to 25 years * US praises Kumar for testimony against Rajaratnam, Gupta * Kuma...

INDIANAPOLIS (AP) — An Indianapolis businessman accused of looting an Ohio-based finance company after buying it and bilking about 5,000 mostly elde...

NEW YORK -- Jurors in a Manhattan federal court Friday found former Goldman Sachs board member Rajat Gupta guilty of conspiracy and securities fraud, ...

NEW YORK -- Prosecutors and defense lawyers offered starkly differing profiles Wednesday of Rajat K. Gupta during closing arguments in the former Gold...

The defense rested its case on Tuesday, the final day of testimony in the insider-trading trial of former Goldman Sachs board member Rajat K. Gupta. ...

One question at the heart of the Rajat K. Gupta insider trading trial is whether information the former Goldman Sachs board member allegedly disclosed...

* Ex-Galleon portfolio manager testifies for prosecution * Rajaratnam and Gupta disagreed over fund option -witness * Fo...

At the insider trading trial of former Goldman Sachs Director Rajat K. Gupta Monday, Goldman CEO Lloyd Blankfein offered testimony supporting key part...

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.

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.

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...

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...

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...

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...

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.

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

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

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...

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....

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...