Topic: Corporate Fraud
NEW YORK (Reuters) - The judge overseeing the liquidation of Ponzi schemer Bernard Madoff's investment firm has allowed victims unhappy with his ruling on how to calculate their losses to appeal directly to a federal appeals court. Monday's ruling by Bankruptcy Judge Burton Lifland means shorter waits for victims waiting for court-appointed trustee Irving Picard to rule on their ...
The Securities and Exchange Commission charged a prominent Miami couple Wednesday with operating a $135 million Ponzi scheme through a real estate investment scam that defrauded hundreds of people, mostly elderly Cuban-Americans. The SEC complaint filed in Miami federal court claims that Gaston Cantens, 71, and his wife ...
A former vice president of California chipmaker Atheros Communications has pleaded guilty to insider trading charges. Ali Hariri becomes the 10th person to plead out of the largest hedge fund insider trading case in U.S. history. Hariri entered the plea Wednesday in Manhattan federal court ...
A former top executive of the company that runs the Monster job search Web site was rewarded for cooperating in a backdated stock option probe with a sentence of no jail time Tuesday by a judge who said he was troubled that so many companies cheated. U ...
