Entries tagged "FBI"

Hedge fund giant charged with insider trading

The perp walk is back! One of the richest men in the U.S. -- Galleon Group founder Raj Rajaratnam -- was arrested Friday.

Pornographer busted for faking it

Pornography purveyor Philip Barry was running a financial Ponzi scheme with inflated and faked promised returns.

FBI puts SEC under microscope

The FBI is investigating possible cases of insider trading involving two SEC attorneys.

PEMGroup's Pang arrested by FBI

Danny Pang was arrested Tuesday on charges of structuring cash transactions.

Hiring: Bankers apply to be Jack Bauer?

Around 500 former Wall Street employees showed up at a federal job fair to apply for positions in 13 government agencies including the FBI and CIA.

Stanford associate nabbed

The FBI made its first arrest in the $8 billion Stanford Financial Group fraud investigation.

Another mini-Madoff surfaces

It seems financial schemers are like rats jumping from a sinking ship as another Ponzi scheme scoundrel is on the run. This time it's a Florida investment manager who disappeared with up to $350 million of investor money. ...

Blagojevich allegedly sought to corrupt anti-deal activists

Earlier Dealscape noted Illinois Governor Rod Blagojevich and his Chief of Staff John Harris may have meddled in Tribune Co.'s auction of the Chicago Cubs and Wrigley Field. However, also buried in the Department of Justice's charges against him is an alleged attempt to corrupt anti-deal activists, the Service Employees International Union, which during the height of the private equity boom protested leveraged buyouts, and the affiliated Change to Win movement, which takes activist shareholder positions on behalf of union pensions. ...

What role did Blagojevich play in Tribune's bankruptcy?

A day after Sam Zell's Tribune Co. filed for Chapter 11 bankruptcy protection, the Federal Bureau of Investigation arrested Illinois Governor Rod Blagojevich and Chief of Staff John Harris on charges of corruption, alleging that, among other transgressions, they meddled with Tribune's troubled businesses, including the auction of the Chicago Cubs....

Financial crisis prompts worries at FBI

Anyone looking forward to high-profile "perp-walks" as a result of fraud in the wake of the current financial crisis better consider another form of entertainment because the Federal Bureau of Investigation, the agency taking the lead in the investigations of potential fraud at failed banks, reportedly is finding that its own resources and finances are lacking. ...

Here come the investigations

As the public demands answers about the financial turmoil facing the nation, it was inevitable that law enforcement and prosecutors would head the calls. Kicking off the investigation season is a federal task force, which is charged with finding out if the leadership of shuttered bank Washington Mutual Inc. broke federal laws in the run-up to its collapse, the largest in U.S. history. ...

Bank Watch: Getting over the hump

Despite announcements that the Federal Bureau of Investigation was investigating Fannie Mae, Freddie Mac, Lehman Brothers Holdings Inc. and American International Group Inc., Wall Street firms were up in afternoon trading Wednesday with Goldman Sachs Group Inc. leading the way. Goldman received a vote of confidence and a $5 billion capital infusion from Warren Buffett's Berkshire Hathaway Inc. Meanwhile, Morgan Stanley was one of the few to see a drop, which likely is due to reports that Wachovia Corp. ended talks. - Maria Woehr Troubled Wall Street Prices at 2:30 pm EDT Name Price at open Price at 2:30pm Change...

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