Displaying 46 results
Accused Ponzi schemer’s Ferrari, Rolls Royce get special protection
A federal judge is making sure nothing happens to assets seized from a South Florida lawyer charged with operating a $1 billion Ponzi scheme.
TD Bank assisted in Ponzi scheme, $100M lawsuit claims
Investors claiming they were fleeced by a high-profile South Florida attorney filed a $100 million lawsuit Friday contending that the lawyer orchestrated a massive Ponzi scheme with the help of a Canadian bank's U.S. subsidiary and several accomplices.
Ex-Sentinel Securities rep defrauded 9/11 widow: SEC
Regulator said James J. Konaxis churned victim's accounts, earning about $550K in commissions. l
Senators aim to put squeeze on Antigua over Stanford assets
Eight U.S. senators want Congress to oppose International Money Fund and World Bank loans to the government of Antigua and Barbuda until that government compensates victims of Stanford Financial Group. Stanford International Bank was located in Antigua.
Criminal convictions, jail time on rise for financial fraudsters
State securities regulators are putting more financial fraudsters behind bars, and those convicted of crimes are receiving increasingly stiff jail sentences.
Norwegian KPMG accountant sentenced
An accountant in the Oslo, Norway branch of KPMG LLP was sentenced to 30 days in jail today for negligent accounting in one of Norway's worst bankruptcies, while the KPMG branch of the firm went unscathed by the scandal, according to the Associated Press.
