financial fraud

Every year senior citizens are robbed of billions of dollars, and in a majority of cases, the crime goes unreported--not because the perpetrator cannot be identified, but because he or she is a family member or trusted advisor.

Prosecutors and defense attorneys for the former manager of an Iowa kosher slaughterhouse offered starkly different portraits of the man accused of defrauding a bank Monday in the closing arguments of his nearly monthlong financial fraud trial.

A former HealthSouth Corp. finance chief has been ordered to spend three months in federal prison for his role in the $2.6 billion financial fraud that nearly wrecked the company.

Former Qwest CEO Joseph Nacchio asked a judge Tuesday to decide in his favor in a Securities and Exchange Commission lawsuit, saying the company's stock plunge was the result of a telecommunications industry meltdown, not financial fraud.

Excerpts from statements made by victims of Bernard Madoff's financial fraud. Madoff was sentenced to 150 years in prison Monday.

The Supreme Court threw out an appeals court ruling that would have allowed the retrial of a former executive at Enron’s broadband venture on charges related to financial fraud.

The Supreme Court has sided with a former Enron Corp. executive in a ruling that makes it unlikely he can be tried a second time on charges related to financial fraud at the one-time energy giant.

State attorneys general are preparing for a surge of prosecutions of financial fraud, and there are hints the Obama administration’s budget will add to the effort.