Mar 23 Watch Glut of Foreclosed Homes Encourages Scams, Desperation With the national foreclosure rate still climbing, some chose to live in foreclosed homes while others have been the victims of "rent skimmers," people who pretend to own a foreclosed property and scam tenants out of thousands of dollars in… Continue watching
Mar 19 Concerns Emerge on Prevention of Stimulus Fraud By Admin, PBS News Hour Hoping to cement a strategy that protects the $787 billion stimulus bill from waste and fraud, state and federal officials testified before the Committee on Oversight and Government Reform Thursday about how to track and prevent wasteful spending. Continue reading
Mar 18 Madoff's Accountant Arrested on Fraud Charges By Admin, PBS News Hour The longtime accountant for jailed swindler Bernard Madoff was arrested Wednesday and charged with fraud dating back 17 years for failing to conduct audits in what was may be the biggest investment fraud on Wall Street. Continue reading
Mar 12 Watch Madoff Pleads Guilty to Massive Wall Street Fraud Bernard Madoff pleaded guilty Thursday to fraud charges totaling an estimated $65 billion. Analysts discuss the case and the prospects of victims recovering any money. Continue watching
Mar 12 Madoff Pleads Guilty in Wall Street Swindle By Admin, PBS News Hour Bernard L. Madoff pleaded guilty Thursday to 11 charges that he orchestrated what may be the largest financial fraud in Wall Street history, cheating investors out of billions of dollars in a fraud that has drawn demands for stricter regulations. Continue reading
Mar 10 Watch Madoff Expected to Plead Guilty as Details of Alleged Fraud Case Emerge Lawyers for Bernard Madoff, who allegedly defrauded investors of nearly $50 billion, said that the former Wall Street financier would likely plead guilty to 11 criminal counts on Thursday. New York Times reporter Diana Henriques updates the story. Continue watching
Mar 06 Watch Other News: Congress Fails to Pass Budget Bill In other news, the Senate failed to pass a $410 billion budget bill for the current fiscal year, and there were signs that money manager Bernard Madoff may be closer to a plea deal in his pending $50 billion fraud… Continue watching
Feb 04 Watch SEC Slammed During Madoff Hearing for Ignoring Alleged Ponzi Scheme Lawmakers and a whistle-blower blasted the Securities and Exchange Commission during Congressional hearings into the case of Bernard Madoff, a Wall Street investor accused of massive fraud. Kwame Holman reports. Continue watching
Dec 17 Watch SEC Looks Inward at Regulators' Handling of Madoff Case The SEC chairman has criticized his own agency's failure to investigate warnings about Bernard Madoff, who is accused of a massive fraud scheme. Analysts examine the SEC's inquiry. Continue watching
Dec 16 Watch Madoff's Wall Street Schemes Snare Several Prominent Investors The size of the scandal surrounding Wall Street trader Bernard Madoff's alleged fraud continues to unravel, drawing in charities, foundations and top investors. Mort Zuckerman, the head of a charitable trust caught up in the schemes, and an SEC analyst… Continue watching