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
