Jury in NYC convicts former Wall Street broker in nearly $1B subprime mortgage fraud

Ex-Wall St. broker convicted in $1B subprime fraud

NEW YORK — A former Wall Street broker has been convicted of conspiracy and securities fraud after investors lost nearly $1 billion in a subprime mortgage fraud.

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SEC: Former AIG CEO Greenberg to pay $15 million fine to settle accounting fraud charges

SEC: Ex-AIG CEO Greenberg settles fraud charges

NEW YORK — The Securities and Exchange Commission said Thursday that former American International Group Inc. CEO Maurice “Hank” Greenberg agreed to pay a $15 million fine to settle fraud charges.

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Fugitive broker captured in Spain, returned to US for trial

Fugitive broker brought to US for trial

NEW YORK — A fugitive former Wall Street broker charged with securities fraud has been brought to the U.S. for trial after his capture in Spain.

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Feds: Fugitive in NY securities fraud case captured

Feds: fugitive NY broker caught

NEW YORK — A former Wall Street broker who became a fugitive after being charged in a securities fraud case has been captured in Spain, U.S. authorities said Wednesday.

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Ex-Stanford CFO Davis pleads not guilty in swindle case, expected to change plea later

Ex-Stanford exec enters plea in swindle case

HOUSTON — The former finance chief of Texas billionaire financier R. Allen Stanford’s business empire is remorseful for helping swindle investors out of $7 billion and wants to make amends for what he did, his attorney said Monday.

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Prosecutors: 6 conspired to rip off investors for $140 million

Six charged in $140 million securities case

NEW YORK — Six men have been charged with conspiracy to commit securities fraud, accused in a $140 million investment fraud and stock manipulation scheme.

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U.S. files criminal fraud conspiracy charges against Beazer Homes; Prosecution deferred

Charges filed against Beazer; Settlement reached

ATLANTA — Federal prosecutors in North Carolina filed criminal fraud conspiracy charges against Beazer Homes USA on Wednesday, but they agreed to dismiss the case if the company complies with an agreement accepting responsibility for certain wrongdoing and pays millions to victims.

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Former Qwest CEO Nacchio seeks judgment in his favor in SEC lawsuit

Qwest CEO seeks judgment in SEC complaint

DENVER — Former Qwest CEO Joseph Nacchio asked a judge Tuesday to decide in his favor in a Securities and Exchange Commission lawsuit, saying the company’s stock plunge was the result of a telecommunications industry meltdown, not financial fraud.

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SEC says Omaha investment manager charged clients at least $773,000 in improper fees

SEC files lawsuit over excessive investment fees

OMAHA, Neb. — The Securities and Exchange Commission says an Omaha investment adviser improperly charged at least $773,000 in fees to clients since last August, and about $250,000 remains missing.

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Bernard Madoff sentenced to 150 years in prison for multibillion-dollar fraud scheme

Bernard Madoff sentenced to 150 years in prison

NEW YORK — Bernard Madoff has been sentenced to 150 years in prison for his multibillion-dollar fraud scheme.

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