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Securities Fraud

Eating Post-It Notes, Napkins Couldn't Keep Alleged Inside Traders From Getting Busted

The Huffington Post | Ben Walsh | Posted 09.23.2014 | Business

John Le Carré is unimpressed. If you're going to use spycraft to conduct insider trading, at least use it properly. Last week, a Brooklyn man name...

Halliburton Ruling Could Be A Big Win For Big Pharma, Wall Street

Reuters | Andrew Longstreth | Posted 07.01.2014 | Business

NEW YORK, June 12 (Reuters) - Within the next two weeks, the U.S. Supreme Court is expected to rule in a major case that could make it much harder for...

HSBC Hit With Record Penalty

Reuters | Posted 01.23.2014 | Business

By Tom Hals Oct 17 (Reuters) - A unit of British bank HSBC Holdings Plc was hit on Thursday with a record $2.46 billi...

Bernanke's Deposition: AIG, Goldman, Merrill and Bailouts

Janet Tavakoli | Posted 02.24.2014 | Business
Janet Tavakoli

The SEC has lost steam in its already very weak push against mortgage lenders and the investment banks that supplied them with money for alleged fraudulent lending.

Senators Demand Answers About 'Untouchable' Wall Street Criminals

Dan Petegorsky | Posted 04.01.2013 | Business
Dan Petegorsky

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.

Wall Street Executive Escapes Financial Crisis Charges

Reuters | Posted 09.30.2012 | Business

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

Capital One Settlement Shows Limits of Government Watchdogs

David Callahan | Posted 09.18.2012 | Business
David Callahan

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?

'He's Been One Of The Best Witnesses'

Reuters | Posted 09.15.2012 | Business

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

Businessman Allegedly Swindled Elderly For Classic Cars, Casino Trips

AP | KEN KUSMER | Posted 08.20.2012 | Business

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

D.M. Levine

Jury Convicts Ex-Goldman Director Of Insider Trading

HuffingtonPost.com | D.M. Levine | Posted 06.15.2012 | Business

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

D.M. Levine

Insider Trading Defense Questions Goldman CEO's Credibility

HuffingtonPost.com | D.M. Levine | Posted 06.13.2012 | Business

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

D.M. Levine

Defense Rests In Rajat Gupta's Insider-Trading Trial

HuffingtonPost.com | D.M. Levine | Posted 06.12.2012 | Business

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. ...

D.M. Levine

Goldman CEO Blankfein Tells Jurors Some Wall Street Secrets Spill

HuffingtonPost.com | D.M. Levine | Posted 06.08.2012 | Business

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

Witness: Gupta Could Have Profited From Rajaratnam Link

Reuters | Posted 08.06.2012 | Business

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

D.M. Levine

Goldman Sachs CEO Downright Jovial at Ex-Director's Insider Trading Trial

HuffingtonPost.com | D.M. Levine | Posted 06.04.2012 | Business

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

Were You "Punk'd" by Facebook?

Joanne Bamberger | Posted 07.29.2012 | Business
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.

How Financial Criminalization Crashed Economy, Goes Unpunished

Charles Ferguson | Posted 07.22.2012 | Business
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.

D.M. Levine

Goldman Sachs Looms As Rajat Gupta Fraud Trial Begins

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

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...

Goldman Director Starts Insider Trading Trial Today

AP | TOM HAYS | Posted 07.20.2012 | Business

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...

MetLife Sues Morgan Stanley

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

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...

D.M. Levine

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

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

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...

How to Avoid a Ponzi Scheme

Michael Martin | Posted 06.17.2012 | Business
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.

Why Angry Investors May Be Getting Angrier

Reuters | Posted 05.13.2012 | Business

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

Ryan Grim

Wall Street Task Force Faces Major Challenge

HuffingtonPost.com | Ryan Grim | Posted 02.28.2012 | Politics

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...

Denver Hedge Fund CEO Admits $2.5M Inside Trade Scheme

AP | By LARRY NEUMEISTER | Posted 12.23.2011 | Denver

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...