The Justice Department said two men were charged with running a 15-year-long Ponzi scheme in a case involving the sale/leaseback of ATMs that caused well over $100 million in losses to nearly 2,000 investors. read more

DEC 17, 2014 - 7:02 am

According to a post by the Asheboro Courier-Tribune, a NC physician pleaded guilty of to one count of misuse of a Social Security number to secure medical equipment financing from GE Capital Healthcare Financial Services. read more

DEC 11, 2014 - 7:18 am

Total commercial chapter 11 filings for November 2014 were 296, representing a 39% decrease from the 487 filings reported during the same period in 2013, according to data provided by Epiq Systems. read more

DEC 4, 2014 - 7:04 am

Bloomberg reported the trustee unwinding Bernard Madoff’s defunct investment firm surpassed $10 billion in recoveries for victims after reaching a deal with two offshore funds that funneled money to the fraud. read more

NOV 18, 2014 - 7:15 am

Bank of America said its Q3/14 financial results will be adjusted to include a $400 million litigation expense related to its foreign exchange business that will result in a net loss of $232 million. read more

NOV 7, 2014 - 7:12 am

Two men were indicted and will face charges in connection with the sale of shipping containers for Intermodal Wealth and World Container. The Ponzi scheme involved the purchase and subsequent leasing of shipping containers. read more

OCT 13, 2014 - 7:32 am

The SEC announced that Wells Fargo Advisors has been charged with failing to maintain adequate controls to prevent one of its brokers from insider trading of Burger King shares based on nonpublic information. read more

SEP 23, 2014 - 11:25 am

According to the U.S. Attorney for the Western District of Missouri, David VanWinkle, former controller for Frontier Leasing, was sentenced in federal court for stealing more than $4.9 million. read more

SEP 22, 2014 - 11:11 am

A sales person at MS-based Success Leasing was sentenced to federal prison after pleading guilty to wire fraud and money laundering. read more

SEP 18, 2014 - 7:18 am

The SEC announced accounting and disclosure fraud charges against Wilmington Trust for failing to report the true volume of its loans at least 90 days past due. The bank has agreed to pay $18.5 million to settle the charges. read more

SEP 12, 2014 - 7:34 am

Willis Lease Finance announced that the SEC approved a settlement of an administrative proceeding alleging that in certain instances company executives failed to timely file reports regarding their stock ownership. read more

SEP 11, 2014 - 7:12 am

According to the Minneapolis Star Tribune, the bankruptcy trustee for two failed Florida hedge funds is about to enter the discovery phase in its legal battle with GE Capital over the Ponzi scheme operated by Tom Petters. read more

SEP 2, 2014 - 7:23 am

The SEC charged a former bank executive and his friend with insider trading in advance of the bank’s acquisition of another financial institution. read more

AUG 22, 2014 - 7:20 am

Bank of America announced it agreed to pay about $16.7 billion to end federal and state probes into mortgage bond sales, the harshest penalty yet related to loans that fueled the 2008 financial crisis. read more

AUG 22, 2014 - 7:18 am

Bloomberg reported that a former Rabobank senior trader pleaded guilty in New York to conspiring to manipulate a benchmark interest rate tied to trillions of dollars of securities to benefit his trading positions. read more

AUG 19, 2014 - 7:31 am