Former Madoff financial chief pleads guilty to conspiracy, fraud charges
Former financial chief for Bernard L. Madoff Investment Securities LLC, Frank DiPascali, pleaded guilty Tuesday to 10 criminal counts for his role in the Ponzi scheme that defrauded investors of billions of dollars. DiPascali...
UK Attorney General Janet Scotland pledged to improve Britain's policies on combating fraud and corruption in an interview published Monday in the Financial Times . Scotland's comments came in response to accusations that the country's...
The US Securities and Exchange Commission (SEC) is engaging in more vigorous enforcement of its rules and policies in order to address the financial crisis and improve investor protection, Chairman Mary Schapiro testified before...
Disgraced financier Bernard Madoff was sentenced Monday to 150 years in prison on securities fraud charges stemming from his multi-billion dollar Ponzi scheme. Madoff, 71, appeared before Judge Denny Chin of the...
JURIST Guest Columnist Michael Macchiarola, an adjunct professor at CUNY Law School and Seton Hall University School of Law, says that the Securities and Exchange Commission's recent complaint against Countrywide Financial offers several lessons for those who would repair our...
SEC charges 10 brokers with mortgage-backed securities fraud
The Securities and Exchange Commission (SEC) on Thursday charged 10 brokers with fraud for misleading customers into investing in high-risk mortgage securities. According the SEC, brokers from the defunct Brookstreet Securities Corporation held...
New York lawyer pleads guilty in $400 million investment scheme
New York lawyer Mark Dreier pleaded guilty Monday in the US District Court for the Southern District of New York to fraud charges for perpetrating a scheme that cost investors more than $400 million. Appearing before Judge...
Federal judge moves to protect Madoff assets from bankruptcy creditors
Judge Denny Chin of the US District Court for the Southern District of New York issued a restraining order Monday that protects from bankruptcy more than $100 million in assets of financier Bernard Madoff ....
Federal judge rules Madoff can be forced into personal bankruptcy
A federal judge ruled Friday that investors who lost money in Bernard Madoff's alleged Ponzi scheme can force Madoff into personal bankruptcy to recover lost funds. The ruling from Judge Louis Stanton of the US District...
Madoff feeder fund charged with fraud in connection with investment scheme
Secretary of the Commonwealth of Massachusetts William Galvin filed a complaint Wednesday against Fairfield Greenwich Group alleging fraud for their involvement in the Bernard Madoff investment scheme. According to the complaint,...
