Securities fraud

FILE - In this Tuesday, March 10, 2009, file photo, former financier Bernie Madoff exits federal court in Manhattan, in New York. Madoff asked a federal judge Wednesday, Feb. 5, 2020, to grant him a “compassionate release” from his 150-year prison sentence, saying he has terminal kidney failure and less than 18 months to live. (AP Photo/David Karp, File)
February 05, 2020 - 6:07 pm
NEW YORK (AP) — Epic Ponzi schemer Bernard Madoff asked a federal judge Wednesday to grant him a “compassionate release” from his 150-year prison sentence, saying he has terminal kidney failure and less than 18 months to live. Madoff's attorney filed court papers saying the 81-year-old has end-...
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December 10, 2019 - 9:05 pm
NEWARK, N.J. (AP) — Three men were charged with running a cryptocurrency mining operation that officials labeled a “high-tech Ponzi scheme" that bilked investors out of $722 million, federal officials announced Tuesday. Matthew Goettsche, 37, was arrested Tuesday in Colorado, while Jobadiah Weeks,...
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The U.S. Capitol is seen as the House is set to begin public impeachment inquiry hearings as lawmakers debate whether to remove President Donald Trump from office, in Washington, Tuesday, Nov. 12, 2019. At left is the Peace Monument. (AP Photo/J. Scott Applewhite)
November 12, 2019 - 4:08 pm
WASHINGTON (AP) — The public impeachment inquiry hearings set to begin Wednesday will pit a Democratic attorney who built his reputation as a federal mob and securities fraud prosecutor against a GOP House Oversight investigator who helped steer some of the most notable probes of the Obama...
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Perry Santillo walks outside the federal courthouse in Scranton, Pa., Monday, Nov. 4, 2019, after pleading guilty to a federal fraud charge. Prosecutors say Santillo masterminded a Ponzi scheme that took in more than $115 million from investors around the country. (AP Photo/Michael Rubinkam)
November 04, 2019 - 4:31 pm
SCRANTON, Pa. (AP) — The fraudster called himself "King Perry," and for a while he lived like royalty. Perry Santillo masterminded a long-running investment scam that collected more than $115 million from 1,000 investors around the country, using some of the proceeds to fund a lavish lifestyle of...
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November 01, 2019 - 2:47 pm
WASHINGTON (AP) — The Supreme Court will consider taking away an important tool that federal securities regulators used last year to recoup $2.5 billion in ill-gotten gains in fraud cases. The justices said Friday they will hear an appeal contending that the Securities and Exchange Commission lacks...
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FILE - In this Sept. 16, 2019 photo, McGregor Scott, U.S. Attorney for the Eastern District of California, stands next to a 1967 Ford Shelby GT 500, that was seized along with other cars by the federal government that are now housed in a warehouse in Woodland, Calif. Two employees of a defunct San Francisco Bay Area solar energy company pleaded guilty Tuesday, Oct. 22, 2019, to participating in what federal prosecutors say was a massive $2.5 billion fraud scheme that defrauded investors of $1 billion. It’s the largest single-owner car collection ever auctioned by the U.S. Marshals Service, with vehicles to be auctioned off on Wednesday. (Randy Pench/The Sacramento Bee via AP)
October 22, 2019 - 9:55 pm
SACRAMENTO, Calif. (AP) — Two employees of a San Francisco Bay Area solar energy company pleaded guilty Tuesday to participating in what federal prosecutors say was a massive scheme that defrauded investors of $1 billion. While the company's owners have not been charged, they agreed to let the...
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FILE - In this June 26, 2018, file photo the General Electric logo appears above a trading post on the floor of the New York Stock Exchange. General Electric’s stock is tanking after a report which claims the company has been misleading investors. Investigator Harry Markopolos accused GE Thursday, Aug. 15, of engaging in accounting fraud worth $38 billion. He said GE is heading for bankruptcy and is hiding $29 billion in long-term care losses. (AP Photo/Richard Drew, File)
August 15, 2019 - 3:17 pm
NEW YORK (AP) — A whistleblower who warned regulators about Bernard Madoff's Ponzi scheme is now accusing General Electric of misleading investors, sending the company's stock on a downward spiral. Investigator Harry Markopolos accused GE on Thursday of engaging in accounting fraud worth $38...
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FILE - In this Aug. 15, 2017 file photo, Martin Shkreli is interviewed by Maria Bartiromo during her "Mornings with Maria Bartiromo" program on the Fox Business Network, in New York. A federal appeals court in New York City is considering whether the securities fraud conviction against Shkreli, the former drug company executive known as “Pharma Bro” should be thrown out. An attorney Shkreli urged the court to overturn a 2017 guilty verdict for Shkreli, claiming the trial judge gave confusing instructions to the jury about the law. A prosecutor insisted the instructions were proper. (AP Photo/Richard Drew, File)
June 28, 2019 - 1:06 pm
NEW YORK (AP) — A federal appeals court heard arguments Friday over whether the securities fraud conviction against former drug company CEO Martin Shkreli, known as "Pharma Bro," should be thrown out. Defense attorney Mark Baker urged the court in New York City to overturn a 2017 guilty verdict for...
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May 23, 2019 - 4:31 pm
LAS VEGAS (AP) — The former head of a Tokyo and Las Vegas investment firm was sentenced Thursday to 50 years in prison for bilking thousands of Japanese victims in what prosecutors called a $1.5 billion international Ponzi scheme that ranks among the largest-ever fraud cases in the U.S. Defendant...
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May 09, 2019 - 7:12 pm
LAS VEGAS (AP) — A federal judge in Nevada reversed a magistrate's decision and ordered a father and son from Japan to remain jailed in U.S. custody pending trial on fraud charges in what prosecutors call a $1.5 billion international Ponzi scheme. Attorney Richard Wright, representing former MRI...
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