Read more bank fraud stories on Newserhttp://www.newser.com/taggrid/18487/bank-fraud.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 7:04:28 CSThttp://www.newser.com/story/72764/534m-paid-to-madoff-victims-45b-to-go.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe government fund that insures brokerage firms has so far paid 1,368 victims of Bernie Madoff’s Ponzi scheme $534 million in reparations—more than it has paid out in all its previous liquidations combined, in its almost 40 years in existence. And it ain’t over, Madoff trustee Irving Picard...http://www.newser.com/story/72764/534m-paid-to-madoff-victims-45b-to-go.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 28 Oct 2009 14:38:51 CDThttp://www.newser.com/story/71890/hedge-fund-founder-nabbed-for-insider-trading.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe founder of a $3 billion hedge fund and two other financial executives have been charged with insider trading, the Business Insider reports. Raj Rajaratnam, whose Galleon Group focuses on high tech stocks, was charged with conspiracy and fraud related to trades of Hilton and Google stock, among others. Execs...http://www.newser.com/story/71890/hedge-fund-founder-nabbed-for-insider-trading.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 16 Oct 2009 11:03:13 CDThttp://www.newser.com/story/70532/imprisoned-ponzi-schemer-it-happens-to-the-best-of-us.html?utm_source=syn&utm_medium=rss&utm_campaign=tagBefore he left house arrest in his posh New York apartment to start serving a 20-year sentence, Ponzi schemer Marc Dreier attempted to explain his bizarre actions. Dreier sold bogus debt to expand his law firm, impersonating execs from other companies to do so. His criminal enterprise, he tells Vanity...http://www.newser.com/story/70532/imprisoned-ponzi-schemer-it-happens-to-the-best-of-us.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 29 Sep 2009 15:32:13 CDThttp://www.newser.com/story/69406/wells-fargo-fires-exec-who-squatted-at-malibu-pad.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWells Fargo said today it has fired the executive who turned a seized California beachfront mansion into a personal playground, the Los Angeles Times reports. Neighbors say they saw Cheronda Guyton staying in the $12 million Malibu Colony property, which had been turned over to the bank by a couple...http://www.newser.com/story/69406/wells-fargo-fires-exec-who-squatted-at-malibu-pad.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 14 Sep 2009 18:52:38 CDThttp://www.newser.com/story/67994/stanford-fraud-scheme-sealed-with-blood-oath.html?utm_source=syn&utm_medium=rss&utm_campaign=tagAlleged Ponzi schemer Allen Stanford cut his wrist and made a secret blood pact with the banking regulator of the island of Antigua, where his bank operated, according to court documents. Stanford and the official pressed their bloody wrists together in a "brotherhood ceremony," after which the regulator called him...http://www.newser.com/story/67994/stanford-fraud-scheme-sealed-with-blood-oath.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 28 Aug 2009 6:13:57 CDThttp://www.newser.com/story/67952/id-theft-ring-victimized-bernanke.html?utm_source=syn&utm_medium=rss&utm_campaign=tagNo less a public figure than the chairman of the Federal Reserve was one of 500 individuals victimized by an identity-theft ring that combined technologically sophisticated methods with old-fashioned thievery to bilk $2.1 million from consumers and financial institutions, Newsweek reports. The ringleader of the group, Clyde Austin Gray...http://www.newser.com/story/67952/id-theft-ring-victimized-bernanke.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 27 Aug 2009 14:55:02 CDThttp://www.newser.com/story/67658/madoff-is-cancer-free-prison-official.html?utm_source=syn&utm_medium=rss&utm_campaign=tagContrary to what you might have read in the New York Post , Bernie Madoff does not have cancer, Bloomberg reports. “While the N.Y. Post story is full of inaccuracies, and we can’t specifically address all of them, we can tell you that Bernie Madoff is not terminally ill, and...http://www.newser.com/story/67658/madoff-is-cancer-free-prison-official.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 24 Aug 2009 15:55:30 CDThttp://www.newser.com/story/63233/judge-revokes-stanford-bond.html?utm_source=syn&utm_medium=rss&utm_campaign=tagA US district judge today revoked bond for Texas financier R. Allen Stanford, who's charged with swindling investors out of $7 billion. David Hittner approved a request by prosecutors to overturn a magistrate judge's decision to allow Stanford freed on $500,000 bond pending his trial. Prosecutors argued that Stanford's...http://www.newser.com/story/63233/judge-revokes-stanford-bond.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 30 Jun 2009 15:10:48 CDThttp://www.newser.com/story/62930/vijay-offered-500k-for-bail-of-pal-stanford.html?utm_source=syn&utm_medium=rss&utm_campaign=tagVijay Singh is sticking by embattled buddy and alleged swindler R. Allen Stanford. The star golfer, who's been sporting the Stanford Companies logo even though he no longer gets paid to do so, offered to put up $500,000 of the billionaire’s bail, reports CNBC. He was denied the honor...http://www.newser.com/story/62930/vijay-offered-500k-for-bail-of-pal-stanford.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 26 Jun 2009 14:23:02 CDT