Lynn Tilton's Patriarch Partners hid the poor performance of some collateralized loan obligation funds, the SEC charges.
Two Irvine, Calif.-based banks settle with the Justice Department over permitting transactions involving fraudulent merchants.
“Fraud in the fixed income markets is a secret and unfair tax on investors everywhere,” said a U.S. attorney.
The fund manager sold investors on pre-IPO shares of Twitter and Uber, but couldn't deliver the promised shares and profits.
But companies that discover employee malfeasance would be better off calling in law enforcement, and doing so as quickly as possible, say fraud…
A jury rejected Ira Rennert's defense that the company failed because of the early 2000s recession and not because he raided it for more than $100…
The SEC is investigating any attempts by companies to muzzle would-be whistleblowers, including requiring them to forgo Dodd-Frank bounties.
The CFO of Achieve Financial Credit Union had a fake bomb strapped to his chest during an attempted armed robbery of the financial institution.
Caught between the need to serve clients and the requirement to be skeptical of them, auditors may stint on audit quality.
Under the “clawback” provision of the Sarbanes-Oxley Act, executives can return to the company and its shareholders money earned during a fraud.