NY man admits illegally trading stock for 2nd time

Once again the question raises itself: what is the point of filing criminal charges against a bank — not a bank’s executives or employees, but the bank itself? The WSJ today says that the US wants RBS to plead guilty to such charges, in addition to paying the inevitable fine over Libor fixing.

A former New York money manager who claimed he managed $200 million for his royal relatives in Belgium pleaded guilty Wednesday to grand larceny and other criminal charges in a fraud scheme.

Texas financier Allen Stanford pleaded not guilty on Thursday to federal criminal charges that he masterminded a US$7-billion fraud.

NASHVILLE, Tenn. (AP) -- Prosecutors say a Tennessee financial adviser has pleaded guilty to criminal charges in the first fraud case related to the federal bank bailout program....

Reuters - Texas financier Allen Stanford will spend another night in a Texas jail after he pleaded not guilty on Thursday to 21 criminal charges that he ran a $7 billion Ponzi scheme.

HOUSTON (Reuters) - After spending a week in jail, Texas financier Allen Stanford pleaded not guilty on Thursday to 21 criminal charges that he ran a $7 billion Ponzi scheme.

Reuters - After spending a week in jail, Texas financier Allen Stanford pleaded not guilty on Thursday to 21 criminal charges that he ran a $7 billion Ponzi scheme.

NEW YORK (Reuters) - High-profile New York lawyer Marc Dreier pleaded guilty on Monday to criminal charges of running an investment fraud in the hundreds of millions of dollars involving fake promissory notes.