Reports say jailed financial adviser Bernard Madoff, orchestrator of the largest-ever U.S. Ponzi scheme, won’t attend the funeral of his son — who apparently committed suicide last week.
Continue reading Berni…
Bank of America challenges testimony by one of its operational leaders — that Countrywide may have held on to homeowners’ notes that it should have put into a trust. But the testimony is reinforcing fears that BofA is in big t…
Ralph Esmerian, the former owner of rare-jewelry seller Fred Leighton, was arrested Monday on charges on fraud and embezzlement. The New York district U.S. Attorney’s Office claims his illegal activities caused the company to f…
Annette Bongiorno and Joann “Jodi” Crupi, both long-term employees at Bernard L. Madoff Investment Securities, were arrested Thursday and charged with multiple counts of conspiracy, securities fraud, falsifying documents and ta…
Bruce Karatz, former CEO of KB Home (KBH), was fined $1 million and given five years of probation for hiding backdated stock options from auditors and regulators.
Karatz will face no jail time but will serve eight months of home detention with electr…