Personal Investing
NEW YORK - The owners of the New York Mets should be held accountable for letting their workers put more than $16 million in 401(k) assets into accounts controlled by jailed financier Bernard Madoff, a widow said in a lawsuit filed Friday.
CHARLOTTE AMALIE, U.S. Virgin Islands - A Virgin Islands-based financial manager ran a $105 million Ponzi scheme that defrauded 400 investors by falsely claiming to invest in foreign currencies, the U.S.
WASHINGTON - The government said Friday it obtained a court order to halt an alleged $34 million Ponzi scheme targeting federal employees and law enforcement agents nationwide with promises of safe investments in a nonexistent bond fund.
WASHINGTON - The government opened a new front in its probe of financial firms' dealings in the mortgage market, filing civil fraud charges Monday against an investment adviser and his firm in connection with complex securities during the 2007 housing bust.
NEW YORK - A New Jersey woman swindled $45 million from real estate investors in a Ponzi scheme and blew some of their money on extravagant excursions to Las Vegas and Atlantic City casinos, prosecutors said Wednesday.
