Read more defrauding investors stories on Newserhttp://www.newser.com/taggrid/29331/defrauding-investors.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 9:51:37 CSThttp://www.newser.com/story/69492/lebanese-madoff-shames-hezbollah.html?utm_source=syn&utm_medium=rss&utm_campaign=tagA Lebanese businessman's billion-dollar Ponzi scheme has left thousands of investors penniless and Hezbollah leaders seriously embarrassed, reports the New York Times . Salah Ezzedine—dubbed the "Lebanese Bernie Madoff" by the nation's press—has strong ties to Hezbollah, and many of the mostly Shiite investors in his scheme say that...http://www.newser.com/story/69492/lebanese-madoff-shames-hezbollah.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 16 Sep 2009 1:48:00 CDThttp://www.newser.com/story/66690/madoff-lieutenant-expected-to-blow-lid-off-scam.html?utm_source=syn&utm_medium=rss&utm_campaign=tagInvestigators see yesterday's guilty plea of Bernard Madoff's right-hand man as a major breakthrough in their efforts to untangle the elaborate Ponzi scheme, BusinessWeek reports. Frank DiPascali, chief financial officer at Madoff's firm, has promised to cooperate with prosecutors and is expected to name other people involved in the scam...http://www.newser.com/story/66690/madoff-lieutenant-expected-to-blow-lid-off-scam.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 12 Aug 2009 6:17:02 CDThttp://www.newser.com/story/66037/ruth-madoff-to-bare-all-expenditures-over-100.html?utm_source=syn&utm_medium=rss&utm_campaign=tagRuth Madoff won't be able to spend $100 without scrutiny under a deal approved by a bankruptcy judge overseeing the liquidation of her husband's financial firm, the Wall Street Journal reports. Madoff agreed to give a full accounting of her income and any spending over $100 to a court-appointed trustee...http://www.newser.com/story/66037/ruth-madoff-to-bare-all-expenditures-over-100.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 04 Aug 2009 6:08:00 CDThttp://www.newser.com/story/65993/bofa-settles-sec-suit-over-merrill-bonuses-for-33m.html?utm_source=syn&utm_medium=rss&utm_campaign=tagBank of America will pay $33 million to settle a federal lawsuit, filed today, which says the bank misled its investors, Reuters reports. During its takeover of Merrill Lynch, the lawsuit charges, Bank of America told investors Merrill wouldn’t pay bonuses without BoA’s permission before the deal closed. But, the...http://www.newser.com/story/65993/bofa-settles-sec-suit-over-merrill-bonuses-for-33m.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 03 Aug 2009 13:13:00 CDThttp://www.newser.com/story/65602/trustee-sues-ruth-madoff-for-44m.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe trustee in the Bernie Madoff case sued the swindler's wife today to demand the return of $44 million to bilked investors, Newsday reports. The complaint doesn't allege criminal activity by Ruth Madoff but says she directly received funds from her husband’s multi-billion-dollar Ponzi scheme. Ruth Madoff gave up all...http://www.newser.com/story/65602/trustee-sues-ruth-madoff-for-44m.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 29 Jul 2009 16:14:30 CDThttp://www.newser.com/story/65491/jailed-financier-stanford-wants-cell-with-better-ac.html?utm_source=syn&utm_medium=rss&utm_campaign=tagAccused financier R. Allen Stanford is demanding he be moved from his current jail to a nicer facility in Houston, on grounds that his current cell is not comfortable enough, the New York Post reports. Stanford, charged with swindling investors out of $7 billion, complained through his lawyer that the...http://www.newser.com/story/65491/jailed-financier-stanford-wants-cell-with-better-ac.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 28 Jul 2009 14:15:04 CDThttp://www.newser.com/story/64757/new-130m-global-ponzi-scheme-busted.html?utm_source=syn&utm_medium=rss&utm_campaign=tagLondon investigators have uncovered a $130 million Ponzi scheme that duped hundreds of celebrities and businessmen around the world, reports the Telegraph . The scammers were so slick that many of their victims refuse to believe they were sucked in by the ersatz high-yield fund, and are still expecting payment, according...http://www.newser.com/story/64757/new-130m-global-ponzi-scheme-busted.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSun, 19 Jul 2009 7:53:00 CDThttp://www.newser.com/story/64318/400m-ponzi-lawyer-gets-20-years.html?utm_source=syn&utm_medium=rss&utm_campaign=tagA high-flying New York lawyer who orchestrated a Ponzi scheme to fund his lavish lifestyle has been sentenced to 20 years in jail, the New York Times reports. Marc Dreier pleaded guilty to charges including conspiracy and securities fraud relating to the scam, which bilked hedge funds and other investors...http://www.newser.com/story/64318/400m-ponzi-lawyer-gets-20-years.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 14 Jul 2009 1:42:12 CDThttp://www.newser.com/story/63353/sec-staffer-was-waved-off-madoff-probe.html?utm_source=syn&utm_medium=rss&utm_campaign=tagAn SEC investigator whose questions could have exposed Bernard Madoff's fraud in 2004 was shifted to an unrelated case after raising the alarm, the Washington Post reports. One of the supervisors who told the staffer to focus instead on a mutual funds investigation later married Madoff's niece, and the relationship...http://www.newser.com/story/63353/sec-staffer-was-waved-off-madoff-probe.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 02 Jul 2009 5:52:17 CDT