Stock Market Scandals (54 Articles)



Enron. Lehman Brothers. Worldcom. The list goes on and on. Crooked CEOs. Illegal payoffs. Executives plundering a company. It's all here, and we've spared none of the grisly details.

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SEC Nabs Four For Manipulation of Medical Marijuana Stocks

The Securities and Exchange Commission recently busted four men for the manipulation of a number of stocks, including two medical marijuana companies.

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Should Members of Congress Be Allowed to Trade Using Insider Information?

Should members of Congress be allowed to trade stocks using insider information with impunity?

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Former Goldman Sachs Director Charged With Insider Trading

The SEC filed charges against Rajat Gupta on Tuesday, alleging that he passed confidential information to the founder of Galleon Funds.

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Insider Trading Investigation Picking Up Steam

The insider trading investigation first mentioned by the WSJ broadened on Tuesday, with SAC Capital and Citadel both receiving subpoenas.

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More Embarrassment For the SEC

More embarrassing revelations about the SEC have been released in recent days, as apparently some senior-level staff at the SEC spent their days looking up porn.

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SEC Vote on Whether or Not To Pursue Enforcement Action Against Goldman Sachs Was Split Down Party Lines

The SEC's vote on whether or not to pursue an enforcement action was split down party lines, according to a recent article in Businessweek.

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More Shenanigans Courtesy of the SEC

The Office of the Inspector General released a report in late March that criticized the agency's handling of the alleged fraud at Stanford Group Company.

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More Takeover Shenanigans

More insider trading shenanigans? It certainly appears that way after a massive surge of COMS call options buying just before their acquisition by HPQ was announced.

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Major Madoff Investor Jeffry Picower Found Dead in Swimming Pool

Jeffry Picower, who was a major investor with Bernard Madoff, was found in the bottom of his swimming pool on Sunday morning.

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Raj Rajaratnam of Galleon Group Hedge Fund Arrested on Insider Trading Charges

Raj Rajaratnam, who is the founder of the Galleon Group hedge fund, has been arrested on insider trading charges, along with five other prominent people.

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IMAX, LOCM Shares Influenced by Fake Press Releases

Both IMAX and LOCM rose earlier this week due to a couple of fake press releases, both of which claimed that the companies had been bought out by Disney and Microsoft.

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How Stupid Can You Get? Reza Saleh Busted For Insider Trading in Perot / Dell Deal

Reza Saleh thought he was rich, but instead he will be going to jail after making the biggest mistake of his lifetime after trying to profit from his insider knowledge of the PER/DELL deal.

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The SEC Had At Least Eight Golden Opportunities To Take Down Bernard Madoff, But Didn't

A report released earlier today by the Inspector General at the SEC blamed incompetence as the reason why Bernard Madoff escaped detection for so long.

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Bank of America Misleads Shareholders, Pays $33 Million in SEC Fines

Bank of America agreed to pay the SEC $33 million dollars in fines earlier today, after it was alleged that BAC failed to inform their shareholders of pending bonuses to Merrill Lynch employees.

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Charles Millard Takes The Fifth

Charles Millard, former head of the PBGC, is alleged to have had improper contact with several Wall Street firms.

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SEC Enforcement Attorneys Caught Engaging In Illegal Insider Trading?

Various media outlets are reporting today that the FBI has been investigating two SEC enforcement attorneys for possible illegal insider trading.

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Andrew Cuomo: Government Pressured Bank of America to Complete Merrill Lynch Merger, Threatened Jobs of Executives

Andrew Cuomo released a letter earlier today, alleging that Paulson and Bernanke threatened to fire Ken Lewis if he didn't follow through with Merrill Lynch deal.

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First "Claw Back" Lawsuit Filed in Bernard Madoff Affair

The first of many expected lawsuits has been filed against an investor in Bernard Madoff's fund. A trustee for Madoff has launched a $150 million dollar lawsuit in an attempt to secure money for defrauded Madoff investors.

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The SEC Spent $3.9 MILLION Dollars Reorganizing Desks

An investigative report by CBS News has revealed that the SEC spent nearly $4 million dollars to move the desks of over 1700 of their employees over the past few years.

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Pension Benefit Guaranty Corporation Invested Heavily In Stocks Just Before Major Market Downturn

The Pension Benefit Guaranty Corporation, charged with backing the pensions of 44 million Americans, reportedly invested heavily in the stock market and other higher-risk investments just before the major downturn in October.

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FBI: 2,000+ Open Investigations Into Mortgage Fraud, 566 Into Corporate Fraud

Are the perp walks finally coming to Wall Street? Will people finally start getting thrown in jail for their roles in the egregious fraud that has taken place over the past few years?

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The SEC Messed Up Again On Stanford Financial

Media reports are indicating that, once again, the SEC had an opportunity to investigate Stanford Financial years ago and nothing came of it. How many more multi-billion dollar Ponzi schemes will be revealed?

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List of Bernard Madoff Investors Released To The Public

A list of over 13,000 victims of Bernard Madoff's massive fraud was released earlier today - a list that included names such as Sandy Koufax, John Malkovich and Larry King.

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Harry Markopolos Testifies In Front of Congress

Harry Markopolos offered testimony to Congress earlier today, and the results (for the SEC) was not very pretty. Markopolos lambasted the agency, calling them overmatched and unable to detect any kind of substantial fraud.

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Mark Cuban Fires Back in Insider Trading Case

Mark Cuban filed a request in the Federal District Court of Dallas to have the insider trading charges against him dropped, alleging that the SEC has no legal legs to stand on.

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Harry Markopolos Completely Nailed The Madoff Fraud, But the SEC Did Nothing

A 19-page document that completely outlined the case against Bernard Madoff was recently made available to the public. How could the SEC have not shut Madoff down, based on this information?

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Scandal at Satyam Computer Services Ltd.

Share's of Satyam Computer Services Ltd. (SAY) are down over 70% tonight after the former chairman of the compay admitted to inflating the company's profits.

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The SEC Issues Statement re: Madoff Scandal - We Messed Up

The SEC took the extraordinary step of admonishing themselves on Tuesday night, saying that they should have caught the Madoff fraud much easier. They also announced their intentions for an internal investigation at the SEC.

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The Biggest Swindler of All-Time? Bernard L. Madoff

Bernard L. Madoff, once a respected money manager, has been arrested on charges of defrauding investors out of an estimated $50 billion dollars. How did this happen?

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Mark Cuban Is Sued by the SEC

The SEC filed a civil suit against Mark Cuban in a Dallas courtroom today, alleging that the owner of the Dallas Maverick engaged in illegal insider trades.

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Top Goldman Sachs Executives, Including CEO Lloyd Blankfein, Will Not Receive Bonuses This Year

Seven key Goldman Sachs executives, including CEO Lloyd Blankfein, will not be receiving bonuses this year.

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Message from Wall Street: We're Still Going To Pay Out Our Bonuses This Year

Should banks such as Goldman Sachs and Merrill Lynch still be paying out billions in bonuses if they are receiving federal bailout dollars?

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State And Federal Prosecutors Investigating Trading in Credit-Default Swaps

A joint investigation has been launched into credit-default swaps and whether or not illegal manipulation of the market may have taken place.

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Lehman Brothers Is the Focus of Three U.S. Grand Jury Investigations

Lead Lehman Brothers bankruptcy lawyer Harvey Miller announced that Lehman Brothers was now the subject of three US grand jury investigations. Dick Fuld, CEO of the company, has been subpoenaed in the matter.

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Washington Mutual's New CEO Alan H. Fishman Received Twenty Million Dollars For Just 17 Days of Work

New CEO of Washington Mutual Alan H. Fishman Received Twenty Million Dollars For Just 17 Days of Work

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FDIC Seizes Washington Mutual; JP Morgan Swoops In and Buy Assets On the Cheap

JP Morgan Swooped In and Bought Washington Mutual's Assets on The Cheap Thursday Evening

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Why Is IBM On the Prohibited Short Sale List?

IBM was inexplicably added to the prohibited short sale list earlier this week, leaving many market watchers scratching their heads at the bizarre decision.

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Lehman Brothers on the Verge of Bankruptcy

Lehman Brothers is on the brink of declaring bankruptcy, barring any last second deals.

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Soros Fund Management LLC Has Large Exposure to Lehman Brothers

Just like when Bear Stearns plunged earlier in the year, Lehman Brothers is plunging and stingi...

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How Pissed Off Are Yahoo Shareholders Right Now?

Disgruntled Yahoo shareholders are growing increasingly angry in the wake of the stock's rapid decline.

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The Seven Most Crooked CEOs of All Time

You might read this list and argue that I left out someone who was really, really crooked. I tried t...

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Bear Stearns Lawsuits: A Trickle Will Soon Become a Flood

The first of many class action lawsuits against Bear Stearns has been filed this week in the United ...

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JP Morgan Buys Bear Stearns for $2 Per Share

Yes, you read that right.

Bear Stearns, one of the biggest and respected investment b...

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Spy Wars? Elliott Management Corp Sues Cedar Hill Capital Partners LLC, Alleging "Corporate Espionage"

Elliott Management Corp has sued rival hedge fund Cedar Hill Capital Partners LLC, alleging that the...

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Problems? What Problems? Wall Street's Five Biggest Firms Dish Out $39 Billion in Bonuses in 2007

Forget about the fact that most of these firms were absolutely taken apart in 2007 due to the subpri...

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Societe Generale "Victim" of Major Fraud

Societe Generale, France's second largest bank, has apparently fallen victim to the single large fra...

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Alan Greenspan Working as an Advisor for Paulson & Co? That's Just Wrong

Of all of the thousands of hedge funds that Alan Greenspan could have taken an advisory position wit...

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Goldman Sachs CEO Lloyd Blankfein Collects $68 Million Bonus

It has not been a good year for many of the big firms on Wall Street.

However, this i...

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The Top Ten Most Outrageous Stock Market Scams of all Time

Scams occur in the stock market every day. Stock market scandals are woven into the fabric of our cu...

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The Top Twelve Stock Market Scams of the Last Twelve Years

The title is self-explanatory. Here are the top 12 scams since 1995:

12. The Emulex P...

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Traders at Goldman Sachs Banked Big Profits Betting on Mortgage Meltdown

Have you been wondering why Goldman Sachs have been avoiding the punishment that is being meted out ...

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Is There a Leak at the Fed?

Rumors were running rampant today that someone at the Fed leaked news of the upcoming rate cut that ...

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Think that the SEC Is Corrupt? Meet Gary Aguirre

Vince McMahon, Chairman and CEO of World Wrestling Entertainment, Inc., is a billionaire once again thanks to the surge in shares of WWE.

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Insider Trading Is Running Rampant on Wall Street

TXU. Dow Jones. Acxiom. Aquantive. HCA. First Data.
What do these companies have in common?
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