Displaying 160 results
Registered rep gets 68 months in jail for stealing $1M from elderly
A New Jersey financial adviser who admitted stealing more than $1 million from eight elderly clients has been sentenced to 68 months in federal prison.
SEC claims ex-State Street CIO misled investors
The Securities and Exchange Commission is charging two employees at State Street Bank and Trust Co. with misleading investors about their exposure to subprime investments.
Trader pleads guilty in $10M forex Ponzi scheme case
A Florida man has pleaded guilty to federal charges that he bilked four Hawaii investors out of $250,000, and admitted he bilked scores of others in what prosecutors said was a classic Ponzi scheme.
Rothstein ordered to repay $363M to victims
Scott Rothstein, the former South Florida lawyer serving 50 years in prison for a $1.2 billion Ponzi scheme, was ordered by a judge to pay his victims $363 million.
Alleged $26M Ponzi scheme targeted 700 victims
Two Oxnard residents and a South Carolina man have been arrested on charges of operating a $26 million Ponzi scheme that victimized hundreds of investors nationwide.
Calif. man pleads guilty in $15M Ponzi scheme
A California man has pleaded guilty in federal court to stealing more than $15 million from a group of about 300 people in central Illinois through a long-standing Ponzi scheme.
Provident Royalties exec pleads guilty in $485M fraud
One of the owners of the defunct oil and gas dealmaker Provident Royalties LLC has pleaded guilty to conspiring to defraud investors in a $485 million scheme that ensnared dozens of independent broker-dealers.
Financial adviser pleads guilty in muni bond bid-rigging case
A New York financial adviser pleaded guilty to rigging bids for investments sold to local governments, the fifth person to admit participating in an industrywide conspiracy to profit at taxpayers' expense.
Virgin Islands financier accused of $105M Ponzi scheme is arrested
A U.S. Virgin Islands financier accused by the Securities and Exchange Commission of running a $105 million Ponzi scheme was charged with criminal fraud and taken into custody in Chicago.
SEC: Investment scam quickly took in more than $1M
Federal regulators say it was too good to be true: A Detroit-area woman is accused of collecting more than $1 million from investors who were told they would earn at least 10 percent a month.
Ex-ING adviser Breard gets just under 7 years in prison for fraud
A Kirkland financial planner who looted her clients' investment accounts was sentenced to six years and eight months in prison by a federal judge who praised her for cooperating after she got caught.
Ex-Morgan Stanley reps convicted of fraud can keep bonuses: Finra
Morgan Stanley, owner of the world's largest brokerage, lost an arbitration ruling that will allow two brokers convicted of securities fraud to each keep $4.45 million in signing bonuses.
La. man gets 30 years in prison for Ponzi scheme
A Louisiana businessman who pleaded guilty to defrauding about 180 mostly elderly investors out of nearly $20 million in a Ponzi scheme has been sentenced to 30 years in prison.
Star adviser Breard pleads guilty to fraud
Seattle celebrity stole nearly $9 million from 38 clients; surrenders three homes and dozens of vehicles
Surprise audit trips up star financial adviser in Seattle
An unexpected visit by an ING Financial auditor uncovered a potential scam at Breard & Associates Wealth Management. Now, infomercial star Rhonda Breard faces fraud charges.
Two traders arrested over alleged $1.3 billion scam
The FBI said Wednesday the operators of a Connecticut-based company have been arrested in New York on securities fraud charges.
‘Royal’ money manager cops to two counts of fraud
De Chimay claimed to have ties to Belgian royal family; he didn't
<b>Incite:</b> Why you shouldn’t trust ‘Operation Broken Trust’
The DOJ's much-trumpeted crackdown on financial fraud is little more than a P.R. stunt
Broker gets jail time for flogging non-existent fund
A St. Louis insurance broker has been sentenced to four years and six months in prison for a fraud scheme that cost investors more than $1 million.
Prominent rabbi tried to blackmail Conn. hedge fund, court finds
A prominent Brooklyn rabbi has been convicted in a scheme to extort a Connecticut-based hedge fund into paying millions of dollars to two schools.
