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Madoff victims file $2.4 million negligence suit against SEC
Two of the victims of Ponzi scheme perpetrated by Bernard Madoff sued the US Securities and Exchange Commission (SEC) in federal court on Wednesday, seeking $2.4 million in damages. The complaint , filed in the US District Court for the Southern D (More) |
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SEC inspector general report details Madoff investigation errors
The US Securities and Exchange Commission (SEC) made a number of missteps that could have uncovered the fraud committed by Bernard Madoff at an earlier date, according to an inspector general's report released Wednesday. The report indicated (More) |
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Madoff investigation report [US SEC OIG]
Investigation of Failure of the SEC to Uncover Bernard Madoff's Ponzi Scheme, US Securities and Exchange Commission Office of the Inspector General, released September 2, 2009 . Reported in JURIST's Paper Chase here. Latest commentary a (More) |
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Former Madoff financial chief pleads guilty to conspiracy, fraud charges
Former financial chief for Bernard L. Madoff Investment Securities LLC, Frank DiPascali, pleaded guilty Tuesday to 10 criminal counts for his role in the Ponzi scheme that defrauded investors of billions of dollars. DiPascali delivered his plea to (More) |
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UK AG pledges to strengthen financial fraud enforcement
UK Attorney General Janet Scotland pledged to improve Britain's policies on combating fraud and corruption in an interview published Monday in the Financial Times . Scotland's comments came in response to accusations that the country's (More) |
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SEC chair pledges stronger enforcement in House hearing
The US Securities and Exchange Commission (SEC) is engaging in more vigorous enforcement of its rules and policies in order to address the financial crisis and improve investor protection, Chairman Mary Schapiro testified before the US House of R (More) |
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Madoff sentenced to 150 years for fraud scheme
Disgraced financier Bernard Madoff was sentenced Monday to 150 years in prison on securities fraud charges [complaint, PDF; JURIST report] stemming from his multi-billion dollar Ponzi scheme. Madoff, 71, appeared before Judge Denny Chin of the US D (More) |
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SEC v. Mozilo: Repairing the Financial Services Industry
JURIST Guest Columnist Michael Macchiarola, an adjunct professor at CUNY Law School and Seton Hall University School of Law, says that the Securities and Exchange Commission's recent complaint against Countrywide Financial offers several lessons (More) |
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SEC charges 10 brokers with mortgage-backed securities fraud
The Securities and Exchange Commission (SEC) on Thursday charged 10 brokers [complaint, PDF; press release] with fraud for misleading customers into investing in high-risk mortgage securities. According the SEC, brokers from the defunct Brookstreet (More) |
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New York lawyer pleads guilty in $400 million investment scheme
New York lawyer Mark Dreier pleaded guilty Monday in the US District Court for the Southern District of New York to fraud charges for perpetrating a scheme that cost investors more than $400 million. Appearing before Judge Jed Rakoff, Dreier pleade (More) |
Accused Nazi war criminal, John Demjanjuk, put on trial in Israel
On February 16, 1987, accused Nazi war criminal, John Demjanjuk, went on trial in Jerusalem, Israel. The prosecution claimed that Demjanjuk was a notorious prison guard known as "Ivan the Terrible" at the Treblinka extermination camp during World War II. On this basis, Demjanjuk was convicted by the Israeli court of crimes against humanity. However, in August 1993, the conviction overturned by Israel's Supreme Court on a finding of reasonable doubt.
After the decision by the Supreme Court of Israel, Demjanjuk was returned to the United States, where he had been moved after World War II. On December 22, 2006, the U.S. Board of Immigration Appeals ordered him deported to the Ukraine on a finding that he had been a guard at other Nazi concentration camps.
