Topic: Corporate Fraud
Madoff victims may appeal directly to 2nd Circuit
Reuters US Online Report Domestic News
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 ...
SEC: Miami couple defrauded Cuban-American elderly
AP News
SEC: Miami couple defrauded elderly Cuban-Americans in $135M real estate investment scamThe 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 ...
10th guilty plea in Galleon insider trading case
AP News
Largest hedge fund insider trading case ever produces 10th guilty plea in New YorkA 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 ...
Internet job site exec's cooperation earns no jail
AP News
NY judge finds it troubling that backdating stock options widespread in corporate AmericaA 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 ...
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