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White Collar Crime

Citibank: Will Anyone Hold Rubin and Prince Accountable?

Zach Carter | Posted 05.25.2011 | Business
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.

Did Mayor Bloomberg's 2009 Campaign Break the Law?

Aram Roston | Posted 05.25.2011 | New York
Aram Roston

At the New York Observer we've been taking a close look at Mayor Michael Bloomberg and his finances, and what we've found raises more and more distur...

SEC and Bounty Hunters

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

Riches for ratting promises to become a new industry. Banking "bounty hunters" will spring forth and help find people who have information, tell authorities and then split the reward.

Contracting Abuses Could be Solved With New Bill

Lloyd Chapman | Posted 05.25.2011 | Politics
Lloyd Chapman

The diversion of federal small business contracts to corporate giants has gone on for over a decade. H.R. 2568 is a deficit neutral and much needed solution to these long standing abuses.

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.

Was It A Crime? Will Any Exec At Goldman Sachs Go To Jail?

Danny Schechter | Posted 05.25.2011 | Business
Danny Schechter

Will Goldman survive the assault? Will the threat of criminal charges being pursued against the world's leading investment bank spill over onto others on Wall Street? Is the criminalization of the crisis underway, or is all this just a maneuver?

Stanford, Texas Billionaire, Attempts To Get Out Of Jail A Third Time

AP | JUAN A. LOZANO | Posted 05.25.2011 | Business

HOUSTON — Texas financier R. Allen Stanford's attorneys said Tuesday that jail has reduced their client to a "wreck of a man" who is severely de...

The Most Scandalous White-Collar Cases Of 2009 (PHOTOS)

Huffington Post | Mallika Rao | Posted 05.25.2011 | Business

Bernie Madoff is only one of the white-collar offenders exposed this year for bilking the country out of millions. Whether stealing from dying family...

White Collar Criminals: America's Most Wanted

businessinsider.com | Lawrence Delevingne | Posted 05.25.2011 | Business

Worried Dick Fuld and Jimmy Cayne will never be charged? Fortunately, we've found some new alleged white collar criminals to bear the brunt of your w...

Nicholas Cosmo: Ponzi Schemer's Bail Is Reconsidered by Judge After He Violated Conditions Of Release

AP | Posted 05.25.2011 | New York

CENTRAL ISLIP, N.Y. — A federal judge says a New York businessman accused of orchestrating a $413 million Ponzi scheme has violated conditions o...

How I Met the Biggest Devil

Daniel Ammann | Posted 05.25.2011 | Books
Daniel Ammann

Marc Rich, the world's most powerful oil trader who had systematically avoided reporters and had given his last interview over twenty years ago, finally opened up about his businesses and his private life.

Matthew Palevsky

Mortgage Vultures Dupe Cash-Strapped Homeowners

HuffingtonPost.com | Matthew Palevsky | Posted 05.25.2011 | Politics

Capitalizing on the collapse of the housing market, a Fair Oaks, California company claimed to provide loan modification services while siphoning mone...

Dirty Money Flees Swiss Banks for Singapore

Diane Francis | Posted 05.25.2011 | World
Diane Francis

UBS will hand over information on the accounts of 4,450 wealthy Americans, the bank has announed. But this should be just the beginning and the next big target should be Singapore.

Yet Another Massive Fraud Shows We Must Go After White Collar Crime With a Vengeance

Richard Aborn | Posted 05.25.2011 | New York
Richard Aborn

The lesson from this, as if we needed reminding, is that it is vital that we maintain a beefed-up focus on white-collar crime.

Sotomayor Was Tougher Than Colleagues On White Collar Crime

AP | Posted 05.25.2011 | Politics

WASHINGTON — High court nominee Sonia Sotomayor typically handed out tougher prison sentences than her colleagues in the federal courthouse in M...

Mrs. Madoff, I've Been There

Karen Weinreb | Posted 05.25.2011 | Business
Karen Weinreb

My life had been turned upside down just a few months before, when my financier husband told me that he was pleading guilty to a charge of wire fraud. Before that, I had been leading a life of affluence that many people would have envied.

Madoff: More Money Laundering than Ponzi

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

Madoff is more than just a sociopath. Too much of this story doesn't hang together and he was too functional in other aspects of his existence.

Madoff's Guilty Plea Scam

Earl Ofari Hutchinson | Posted 05.25.2011 | Business
Earl Ofari Hutchinson

Bernie Madoff may have one last scam in him. And this one may be the biggest and most infuriating of all. He may sleaze his way out of rotting away his last days in prison.

Bring Back the Stocks

Paul Begala | Posted 05.25.2011 | Politics
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?

Madoff Just the Start of Post-Bubble Scandals

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

The $50-billion fraud, allegedly perpetrated by New York's Bernie Madoff, is a predictable outcome following the collapse of a speculative bubble. Big bubbles attract bigger crooks.

Sam Waksal, Former Imclone Chief, To Be Released Early For Good Behavior

Forbes | Kai Falkenberg | Posted 05.25.2011 | Business

Feb. 9 will be a big day for Samuel Waksal, the former chief executive officer of biotech firm Imclone. That's when he'll be released from federal cus...

Now That Election Is Over, Its Back To The Crisis

Danny Schechter | Posted 05.25.2011 | Business
Danny Schechter

When Spitzer and his counterparts began investigating large mortgage companies, it became clear that if there was a crime going on, and it was massive and institutional, not just individual.

Sam Israel Turned Himself In For Mom, Girlfriend

New York Times | Abha Bhattarai and Nelson D. Schwartz | Posted 05.25.2011 | Business

Samuel Israel III tricked his investors, lied to his lawyers and misled the police. But in the end, he listened to his mother. The fugitive former ma...

Sam Israel Surrenders, Fugitive Hedge Fund Chief In Custody

AP | Posted 05.25.2011 | Business

The Wall Street Journal and Associated Press report that fugitive hedge fund chief Samuel Israel III, who was suspected of faking his suicide on the d...

Samuel Israel III, Convicted Hedge Fund Manager, Still Missing

New York Post | Perry Chiaramonte, Kaja Whitehouse and Dan Mangan | Posted 05.25.2011 | Business

June 11, 2008 -- A hedge-fund manager due to begin a 20-year prison stint for a $450 million fraud abandoned his SUV on a Hudson River bridge with "Su...