Federal securities regulators have sued a brokerage industry backed fund on behalf of victims who lost money in Allen Stanford’s alleged $7 billion Ponzi scheme and have yet to recover any funds. The U.S. Securities and Exchange Commission asked a …
Tobey Maguire has decided to fold `em and settle a lawsuit over his winnings from a convicted con man during high-stakes Hollywood poker games. The “Spider-Man” star agreed to pay $80,000 to settle the lawsuit filed over more than $311,000 …
A Southern California couple and their mother were arrested and have been charged with violating multiple sections of the state’s penal code and corporations code, it was announced Thursday. Arrested were Anthony Trae Carlson, 42, Mariah Waterfall O’Brien, 40, and …
A federal judge narrowed a $1 billion lawsuit against owners of the New York Mets baseball team by the trustee seeking money for Bernard Madoff’s victims, and cast skepticism on how much might ultimately be recovered. Tuesday’s ruling by U.S. …
In a major victory for victims of Allen Stanford’s alleged Ponzi scheme, U.S. regulators have concluded that they should be compensated by a brokerage industry-backed fund. The decision announced Wednesday by the U.S. Securities and Exchange Commission comes nearly two …
