Falling Down the Money Trap

Rajat Gupta's lust for zeros

The New York Times

Late one Friday morning, Rajat Gupta was rushing through security at Philadelphia International Airport, carry-on in tow, when his cellphone rang.

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To Cheat or Not to Cheat

Finding recourse when investors are cheated

The New York Times

The financial scandals of recent weeks seem to involve the simple act of cheating. Whether it’s falsifying documents or fudging an interest rate quote, many of the actors of these schemes knowingly cheated in some form or another.

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The Mets & Madoff: $162 Million Later

Mets’ owners agree to settle Madoff suit for $162 million

The New York Times

Fred Wilpon and Saul Katz, the owners of the Mets, settled the federal lawsuit brought against them by Irving H. Picard, the trustee for the victims of Bernard L. Madoff’s Ponzi scheme, for $162 million. Picard, in turn, dropped all claims that the men turned a blind eye to warnings that Madoff was operating a fraud during their many years of investing with him.

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Yes, There's an App for Fraud

For Apple, pressure builds over app store fraud

The New York Times

In a little over an hour, Ryan Matthew Pierson racked up $437.71 in iTunes charges for virtual currency that he could use to buy guns, nightclubs and cars in iMobsters, a popular iPhone game. One problem: Mr. Pierson, a technology writer in Texas, has never played iMobsters.

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Using Secret Information as Currency

U.S. charges 7 for insider trading of Dell stock

The New York Times

Sandeep Goyal was a small-time stock analyst with a big connection. In 2008, while working at a mutual fund company, Mr. Goyal received illegal tips from a Dell employee about the company’s financial results, federal authorities say.

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