fraud news from FierceFinance

Irving Picard is not resting in his quest to recover assets that flowed from Bernie Madoff's empire of fraud. And that spells trouble for Madoff's family. Bernard was turned in by his two sons, who... Read more...

The Bernard Madoff Ponzi scheme was the wake-up call, of course. But there were a number of other suspected frauds, like the Galleon fraud and others that, even if they were not strictly related to... Read more...

The Marc Dreier fraud played second fiddle to the Bernard Madoff fraud. But in some ways, it was just as remarkable. How a mid-tier lawyer could dupe so many for so long is a wonder. Turns out that... Read more...

This is the mark of a small, amateurish hedge fund: Having the CFO serve also as chief trader. That's hardly going to inspire big pensions to take a close look at investing in you. So perhaps we... Read more...

Something has been overlooked a bit in Judge Jed Rakoff's rejection of the SEC's $33 million settlement with Bank of America: The whole concept of shareholder suits. One reason the judge rejected... Read more...

Up until now, the general assumption has been that Bernard Madoff's scam investment business was run separately from his "legitimate" broker dealer. But Erin Arvedlund's Madoff: The Man Who Stole $65... Read more...

Things really have gone as planned for Frank DiPascali, Bernard Madoff's long-time CFO. He was undoubtedly relying on assurances from prosecutors that his cooperation would keep him out of jail... Read more...

Bernard Madoff may have been the best thing to happen to Marc Dreier, the New York lawyer who admitted in May to defrauding hedge funds and investors to the tune of $400 million. His arrest was... Read more...

Sergey Aleynikov was a programmer who helped develop software for Goldman Sachs' program trading unit. He was promised a job by another firm at triple his $400,000 annual salary. At some point, he... Read more...

There's been some disappointment that so few people have been charged as accomplices in the Bernard Madoff Ponzi scheme. That so much could have been stolen for so many years seems next to impossible... Read more...