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Top 10 U.S. financial scandals of 2009

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

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