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It was the maximum sentence the boy band mogul could receive for allegedly swindling some $300 million from investors and banks since the early 1980s. He pleaded guilty in March to two counts of conspiracy and single counts of money laundering and presenting a false claim in

Lereah, the one-time chief economist for the National Association of Realtors, now says that he, like everyone else, underestimated the impact of the subprime lending explosion on the housing boom: "That got so out of hand, and none of us realized the magnitude of it until it was too

Like many obscenely wealthy families with the means and ego to do so, the Ambani's wanted to build a custom skyscraper for their personal residence. With the pricey help of architecture firms Perkins + Will and Hirsch Bedner Associates, the design giants behind the Mandarin Oriental

Fifty-five defendants face charges of bankruptcy fraud, false accounting and criminal association. Mr Tanzi, his brother Giovanni and Fausto Tonna, the bankrupted company's former finance director, are among 24 former executives who face charges that carry a maximum 15 years in prison.

NEW ORLEANS (AP) — Jeffrey K. Skilling, the former chief executive of Enron who was convicted for his role in the company’s collapse, took risks when he ran the company but they were always for its benefit, his lawyer told an appeals court Wednesday.

More so than other firms on Wall Street, Bear had encouraged its employees, from secretaries to top executives, to be long-term holders in the company's stock, and the employees own over 30 percent of the company. 

Now they are all screwed.  Except for the Board of Directors, the CEO, and

The UK-born commodities trader, who heads a “secretive unit” at Citigroup known as Phibro (so secretive there are no publicly available pictures of him), has made a personal $250m killing from oil futures as well as generating 10% of the bank’s total net income last year.

“Trading” may be

Tyco Investigation

The following timeline chronicles the progress of investigations and indictments against Dennis Kozlowski, Mark Swartz, and Mark Belnick.

• January 2002 - Questions rise about the accuracy of Tyco's bookkeeping and accounting. Stock value drops 19 percent.

While Ramsey city leaders hoped the $1.3 billion Town Center would transform the mostly rural Anoka County community, almost half of the project's 320 acres sit empty and in foreclosure.

The plan for a transit-oriented downtown with homes in walking distance of small shops and parks

NEW YORK (CNNMoney.com) -- Goldman Sachs Chairman and CEO Lloyd Blankfein will take home nearly $68 million in restricted stock, options and cash, making it the largest bonus ever given to a Wall Street CEO.

Blankfein was awarded $26.8 million in cash and $41.1 million in restricted

[excerpt] Massey is the biggest and most aggressive practitioner of environmentally devastating mountaintop-removal mining and his safety record at its underground mines is appalling.

[excerpt] Today, Blankenship wields political clout via his grotesquely titled 527 PAC, "...And

The Journal article leads with an account of 10 days in July that Mr. Cayne spent at a bridge tournament in Nashville, Tenn., even as two of Bear’s hedge funds were staggering toward what would eventually become twin bankruptcy filings. He was “without a cellphone or an email device”

O'Neal's apparent demise, analysts say, can be attributed to the vagaries of the market, a few ill-conceived decisions and a long list of enemies he amassed after years of aggressive cost cutting at the investment giant. Or, maybe ... He is a corporate crook and world-class prick ... who

Now Pratt is doing something he dislikes intensely and does rarely: an interview. He has always been wary of the media, but ever since his private love life was splashed across the front pages in lurid detail in 2000, he has harboured a deep dislike of the fourth estate. He has agreed to