Tag Archives: investment fraud
Madoff gets 150 years for massive fraud
Reuters – Bernard Madoff was sentenced on Monday to 150 years in prison — the maximum penalty the judge could give him for "extraordinarily evil" crimes in Wall Street’s biggest and most brazen investment fraud. Fleeced investors in the courtroom […]
Hunt for Madoff money to drag on for years
Reuters UK – Five months after Bernard Madoff’s massive fraud was revealed, little of his victims’ money has been found and it appears increasingly likely that the worldwide hunt for their missing billions will drag on for years. So far, […]
Lawyer in $700M fraud to plead guilty
New York Daily News – Marc Dreier will plead guilty to all charges stemming from the $700 million investment fraud he is accused of carrying out, his lawyer said Monday. Defense lawyer Gerald Shargel said Dreier will enter the plea […]
US hedge fund manager arrested in Hong Kong
International Herald Tribune – A Silicon Valley hedge fund manager has been arrested in Hong Kong on charges that he bilked investors out of at least $5 million. According to a criminal complaint unsealed Wednesday in San Jose federal court, Albert […]
