Phil Mickelson To Forfeit Nearly $1 Million In SEC CaseThe golfer was not charged criminally in the case. As a relief defendant, Mickelson hasn't been accused of participating in the insider trading, but only of profiting from the scheme.
SEC Files Fraud Charges Against Former Syracuse Star, New York Giant Will AllenFederal regulators have filed civil fraud charges against former NFL cornerback Will Allen and his business partner.
Avon To Pay $135 Million After Unit Admits To Bribing Chinese OfficialsAvon Products Inc. will pay $135 million to settle criminal and civil charges after its China unit pleaded guilty Wednesday to conspiring to violate the Foreign Corrupt Practices Act by bribing officials there.
4 Plead Not Guilty In Alleged Penny Stock Fraud SchemeFour out of eight people charged in a penny stock “pump and dump” scheme that defrauded $290 million from thousands of investors were arraigned on Thursday following a two-year investigation.
Report: SEC Launches Probe Into Port Authority Financial BooksYet another agency is taking a closer look at the financial books of the Port Authority of New York and New Jersey, according to a published report.
Empire State Building Investors Approve Plan To Offer IPOAccording to a Securities and Exchange Commission filing, enough shareholders approved a plan to turn the company into a publicly traded real estate investment trust.
Court Rejects Lawsuit Filed By Madoff Victims Against SECThe appeals court said the Securities and Exchange Commission's actions and "regrettable inaction'' are shielded by rules protecting government employees from lawsuits when they carry out a discretionary function or duty.
President Obama Nominating Former NY US Attorney Mary Jo White For SECWhite spent nearly a decade as the U.S. attorney in Manhattan, building a reputation as a tough prosecutor with an expertise in pursuing white collar crimes and complex securities and financial fraud cases.
Two Plead Guilty In Sub-Prime Mortgage ProbeTwo former Credit Suisse traders pleaded guilty to conspiracy and signed cooperation agreements Wednesday in a long-running probe of the federal sub-prime mortgage securities market that was expected to result in more arrests.
NYC Judge Rejects SEC-Citigroup SettlementA federal judge in New York has struck down a $285 million settlement that Citigroup reached with the Securities and Exchange Commission, citing a need for truth about the financial markets.
Nevin Shapiro To Be Sentenced In $880M Ponzi SchemeNevin Shapiro, once known for his sports philanthropy, pleaded guilty in September in New Jersey federal court to one count of securities fraud and one count of money laundering. The plea was part of an agreement that still has him facing up to 17 years in prison.
Goldman Plans To Change Reporting PracticesAmong the most significant of 39 changes suggested in a report released Tuesday, the New York investment bank said it will start disclosing how much revenue its trading desk generates.
Man Pleads Guilty In NJ In $880M Fraud CaseA Florida man known for his sports-related philanthropy pleaded guilty Wednesday to running a multistate Ponzi scheme that prosecutors say left investors with up to $100 million in losses.
Plea Hearing Set For Defendant In $880M Fraud CaseA Florida man accused of running a $880 million Ponzi scheme that authorities say paid for lavish spending sprees and sports philanthropy may have reached a deal with federal prosecutors.
You May Be Paying For Pension Fraud In New JerseyThe state of New Jersey has settled federal civil fraud charges of failing to inform bond investors that it had not met obligations to its largest pension plans.