William J. Wise admitted in court that he operated a massive 10-year scheme to defraud some 1,200 investors by selling fake Certificates of Deposit, federal prosecutors said today.The CDs were issued by three different entities -- Millennium Bank, United Trust of Switzerland and Sterling Bank and T ... More >>
I lost thousands, and all I got was this crummy t-shirt.A former San Francisco attorney with a tony resume recently pleaded guilty to two counts of fraud in federal court for operating a Ponzi scheme that targeted his own friends and family.Robert Tunnell, Jr., a septuagenarian alumnus ... More >>
The Winklevii twins won't take no for an answer Last week, a judge told Cameron and Tyler Winklevoss, the notorious twins who accused Facebook founder Mark Zuckerberg of ripping off their plans for a social networking site similar to Facebook, to get over it -- it was time for this saga to come t ... More >>
Don't mess with the IRS...The news that an on-duty IRS special agent shot an alleged mugger at around midnight this morning in Hunters Point was something of a head-scratcher. Sure, armed IRS special agents investigate money-laundering, fraud cases, and ponzi schemes. But how many ponzi schemes a ... More >>
Despite Obama's promises of change, corporate crooks are still going unpunished for their roles in the financial collapse.
How U.S. financial firms -- including Bank of America -- allegedly abetted a multibillion-dollar fraud, and how U.S. regulators are letting them get away with it
The unsettling link between a group of firms that sell financial planning services to elderly Californians and one of the most notorious con men in U.S. history
Previous "creative financing" debacles should haunt city officials who've approved a risky $1 billion lease of Muni streetcars