Hedge fund firm Galleon Group, whose founder has been charged with insider trading, paid $250 million to its Wall Street banks last year and in return received market information that other investors did not get, the Financial Times reported.

The court-appointed receiver who is trying to unwind the alleged Allen Stanford Ponzi scheme says he has identified $1.5 billion in assets that could be returned to victims.

Stryker Biotech and top management have been indicted on charges they engaged in a fraudulent marketing scheme for certain medical devices, the U.S. Justice Department said on Wednesday.

The trustee overseeing the Madoff bankruptcy says the Securities Investor Protection Corporation has paid a record $534 million to Madoff investors, but that amount pales in comparison to the $21.2 billion he now says was stolen in the giant Ponzi scheme.

The linking of Advanced Micro Device's former top executive to the largest U.S. insider trading scheme in decades may raise questions about its business practices.

In the sprawling European subsidy program - which lavishes more than 50 billion euros ($75 billion at current exchange rates) a year in agricultural aid - no commodity is more susceptible to fraud, chicanery and rule-bending, experts say, than simple household sugar.

A Paris court on Tuesday fined the French branch of the Church of Scientology a total of 600,000 euros ($902,200) after finding it guilty of fraud but allowed the group to continue operating in France.

Galleon Group founder Raja Rajaratnam, accused in the biggest ever U.S. criminal prosecution of insider trading at a hedge fund, retained high- powered Washington lawyer John Dowd to represent him.

Jeffry Picower, a Florida philanthropist alleged to have extracted billions from Bernard Madoff's investment scheme, drowned in his pool Sunday, police said. He was 67.

Eight months after he seized control of what was left of their life's savings, a court-appointed attorney in Dallas has finally met with investors in the alleged Stanford Ponzi scheme, CNBC has learned.

Federal prosecutors in the Galleon Group case have sent a subpoena to a former employee of Steven A. Cohen's SAC Capital Advisors, a sign that the scope of the problem into the largest hedge fund insider trading case in history is expanding, the Wall Street Journal reported, citing people familiar with the matter.

Billionaire Galleon hedge fund founder Raja Rajaratnam, criminally charged in what U.S. authorities describe as the biggest hedge fund insider trading case ever, met the conditions of his $100 million bond on Thursday, a spokesman said.

Roomy Khan, the central witness who brought down the Galleon hedge fund, is a former Galleon employee with a history of financial trouble who agreed to cooperate with prosecutors after she was caught making trades using inside information, the New York Times reports.

If Mr. Raj Rajaratnam was trading on insider information, as authorities claim, apparently he was not very good at it, the New York Times reports.

Galleon Group is winding down its hedge fund holdings, the company's embattled CEO Raj Rajaratnam said in a statement.