prosecutors

Raj Rajaratnam , a self-made hedge fund tycoon convicted in the biggest Wall Street trading scandal in a generation, was ordered on Thursday to serve 11 years in prison, one of the longest sentences on record in an insider-trading case but less than prosecutors had sought.

The Goldman Sachs chief executive described what was discussed at board meetings, information that prosecutors say was later leaked by a former Goldman director to Raj Rajaratnam.

Las Vegas prosecutors yesterday rejected Paris Hilton's lame "I thought the cocaine was chewing gum" defense and nailed her with a felony drug-possession charge.

Joseph Cassano, the chief executive of the A.I.G.

The investigation, reported to be in a preliminary stage, raises the possibility of criminal charges against the Wall Street giant.

Prosecutors have beefed up their case against a longtime accountant who served as the operations chief for jailed Ponzi king Bernard Madoff.

A Los Angeles man has pleaded not guilty to running a Ponzi scheme that cheated about 50 investors in a NASCAR merchandise wholesale business out of at least $10 million.

The F.B.I. arrested two computer programmers who worked for Bernard L. Madoff’s investment firm, prosecutors said on Friday.

Scores of Orthodox Jews have been traveling to South Dakota to support a respected leader who prosecutors accuse of bank fraud.

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.