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How Pennies Add Up in a Securities Fraud Case
The Justice Department last week charged two former brokers with secretly adding a few pennies to the cost of securities trades processed by the firm to generate $18.7 million in gains, but proving the...
View ArticlePeter Madoff Is Sentenced to 10 Years for His Role in Fraud
Peter Madoff, Bernard L. Madoff's younger brother, was sentenced to 10 years in prison on Thursday for his role in enabling the extensive fraud that swindled investors out of billions of dollars.
View ArticleFor U.S. Attorney’s Office, Forfeiture From Crimes Pays (Sometimes in...
The asset forfeiture unit of the United States attorney’s office in Manhattan recovered about $3 billion in crime proceeds in 2012, including a Tyrannosaurus skeleton worth more than $1 million.
View ArticleEx-Peregrine Chief Sentenced to 50 Years in Prison
A prominent futures industry executive, Russell Wasendorf Sr., was sentenced to 50 years in prison on Thursday for embezzling from his clients and defrauding banks over nearly two decades.
View ArticleCourt Expresses Antipathy for S.E.C. in Handling of Madoff Case
In its ruling that Bernard L. Madoff's investors cannot sue the Securities and Exchange Commission for not uncovering his fraud, a federal appeals court blasted the agency for its failings.
View ArticleA Standoff of Lawyers Veils Madoff’s Ties to JPMorgan Chase
A new document regarding Bernard L. Madoff's relationship with JPMorgan Chase reveals that the bank and federal regulators fought over access to bank employee interviews, eventually pitting the Justice...
View ArticleThe Hurdles in Getting Past a Wall of Silence
The Justice Department may have feared reopening the debate about whether it adequately respects attorney-client privilege if it allowed regulators to pursue notes by JPMorgan Chase's lawyers on the...
View ArticleJury Says 5 Madoff Employees Knowingly Aided Swindle of Clients’ Billions
A federal jury in Manhatttan has found five associates of the convicted swindler Bernard L. Madoff guilty on 31 counts of aiding one of the largest Ponzi schemes in history.
View ArticleOrdinary Decisions With Not So Ordinary Consequences
The collapse of Dewey & LeBeouf provides a good example of how a series of seemingly mundane accounting maneuvers led to guilty pleas and criminal charges, writes White Collar Watch columnist Peter...
View ArticleWhere the Father of the Ponzi Scheme Once Slept
The Massachusetts house that once belonged to the famed swindler Charles Ponzi is on the market for $3.3 million.
View ArticleDespite Exposure of Madoff Fraud, New Ponzi Schemes Emerge
Financial regulators say a new Ponzi scheme operator is found nearly every week, and legal actions are brought against about 100 such questionable investment operations every year.
View ArticleS.E.C. Names First Ombudsman
The Securities and Exchange Commission has chosen Tracey L. McNeil, an agency veteran and former corporate lawyer, to "act as a liaison in resolving problems that retail investors may have" with the...
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