Allen Stanford

Allen Stanford is being charged with a "massive ongoing fraud" in relation to $8B of CDs that were sold to investors with promised returns exceeding 8%. There were 30,000 CDs sold in 131 countries. The full Reuters article can be read here.

Satyam Struggles to Pay Employees

As Indian company Satyam tries to recover from the $1B loss of liquidity overnight due to fraud, Investors have their eyes on PricewaterhouseCoopers the accounting firm for the company. “Pricewaterhouse has signed the balance sheets, and so they are responsible if...

Madoff investigators are looking abroad

Investigators of the Madoff Ponzi are looking at possible offshore accounts that may have been used as tax havens for wealthy investors. "While the inquiries into the role of offshore funds in the scheme are at an early stage, it is hardly surprising that such...

Huang Guangyu

The New York Times reports that Huang Guangyu, one of China's wealthiest entrepreneurs has been detained by police in a stock price manipulation investigation. Forbes estimated that Huang Guangyu was had wealth around $2.7B. Shares of Gome Electrical Appliances...