Wall Street Fraud News
Wells Fargo CEO John Stumpf Told to Resign by Sen. Warren
Amid tense questioning on Capitol Hill this morning, Sen. Elizabeth Warren , D-Mass., told Wells Fargo CEO John Stumpf that he should resign and face criminal charges amid a scandal over allegations that bank employees opened accounts without customers’ authorization. Warren was far from the only
Harvard Law Grad Accused of Scheming to Defraud Investors of $95M
A Princeton University and Harvard Law graduate is accused of scheming to defraud investors of more than $95 million, inventing fictional financiers and creating fake email addresses to back up his story. Andrew Caspersen, 39, was arrested at New York's LaGuardia Airport on Saturday, according to
Bernie Madoff Sleuth Harry Markopolos Warns of 3 New Ponzi Scams
At least three major Ponzi schemes are currently scamming American investors, according to Harry Markopolos , the man whose warnings about the Bernard Madoff Ponzi scheme were ignored by the Securities Exchange Commission (SEC). “I’m working on three multi-billion dollar Ponzi schemes today,”
MLB's 30 general managers ... who are they?
Below are quick thumbnails of the 30 general managers as the industry heads into the winter meetings in Nashville. Reflecting considerable recent turnover as a new generation of leadership in the game gets promoted, the nature of the GM job has changed -- especially with "title inflation" as more
How Bond Investors Stand to Lose When Interest Rates Rise
In a key scene in the movie “ Wall Street ,” when Charlie Sheen ’s character is about to be arrested for securities fraud, the seasoned investment pro played by Hal Holbrook likens Sheen’s impending doom to a man “looking into the abyss.” Many bond investors may be looking into their own kind of
Oh, snap! Football's getting crazy fast
Don't look away from the screen! Don't go to the concession stand for a beer! You'll miss something, because football keeps speeding up. The hurry-up offense is causing total snaps per game to increase. In the NFL, last season the New England Patriots snapped the ball six more times per game than
Why Facebook Is Spending Big Money for Oculus
Morning Money Memo… Is the Oculus Rift the next really big thing in virtual reality? Facebook CEO Mark Zuckerberg is betting on it. Weeks after agreeing to spend $19 billion to buy WhatsApp, Zuckerberg is continuing his spending ways. Facebook has agreed to buy Oculus...
Bernie Madoff's 7 Deadliest Lies
On the fifth anniversary of Bernie Madoff's arrest for perpetuating the biggest Ponzi scheme ever, here's a look at some of the claims that the 75-year-old has made. As the trial of five former Madoff employees continues in New York, Madoff is serving a 150-year sentence in a North Carolina prison.
The Note's Must-Reads for Thursday, November 28, 2013
The Note’s Must-Reads are a round-up of today’s political headlines and stories from ABC News and the top U.S. newspapers. Posted Monday through Friday right here at www.abcnews.com Compiled by ABC News’ Jayce Henderson, Amanda VanAllen and Will Cantine PRESIDENT OBAMA The New York Daily...
Top 5 Dangers That Remain After the Financial Collapse, Lessons Learned
On the fifth anniversary of Lehman Brothers' bankruptcy filing, which many say catalyzed the financial collapse that began in 2008, five experts share the biggest lessons from that era and dangers that could spark another crisis. We asked how much has changed since the crisis that nearly brought