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    Today is Sunday, March 14, 2010 at 
    - Countdown to Market Close:

    Top 10 U.S. financial scandals of 2009

    Wednesday, December 30, 2009 : Permalink

    Reuters – The year of the Ponzi scheme will be followed by heightened regulation and more aggressive prosecutions, experts say. As 2010 approaches, regulators and prosecutors are scrambling to uncover and pursue more fraudsters, while lawmakers seek to close regulatory gaps and give officials more resources.

    10 of 2009’s notorious financial scandals:

    MADOFF

    GALLEON & RAJARATNAM

    UBS & TAXES

    STANFORD

    PETTERS

    BANK OF AMERICA/MERRILL LYNCH

    MOZILO/COUNTRYWIDE

    AIG BONUSES

    AUCTION RATE SECURITIES

    BEAR STEARNS

    Read Complete Article

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