When the Swiss bank UBS and federal prosecutors face off in a Florida courtroom on Monday, the focus will be whether UBS must disclose the identities of thousands of its American clients, but much more could be at stake as well, the New York Times reported.

"IOUs" the state of California has issued instead of payments amid its budget crisis are "securities" under U.S. law and their holders and potential buyers are protected by anti-fraud law, federal regulators said on Thursday.

Will not exercise right to appeal effective life term Arch swindler Bernard Madoff will not appeal the 150-year prison sentence he received for masterminding a global multibillion-dollar investment fraud, his main lawyer said Thursday.

Several Mexican clients of Stanford Financial Group have sued insurance broker Willis Group Holdings, contending it was a willing participant in a $7 billion fraud at the Texas-based investment company.

A former Austrian fund manager is being investigated by prosecutors who believe she was paid more than $40 million to channel billions of dollars of investments to Bernard Madoff, the Wall Street Journal reported.

U.S. Marshals seized Bernard Madoff's $7.5 million penthouse apartment Thursday as part of a forfeiture order agreed to by Ruth Madoff last week.

Federal prosecutors in North Carolina filed criminal fraud conspiracy charges against Beazer Homes USA on Wednesday, but they agreed to dismiss the case if the company complies with an agreement accepting responsibility for certain wrongdoing and pays millions to victims.

The attorney for Stanford Chief Financial Officer James Davis says his client will plead guilty to the three criminal counts he faces in the alleged Ponzi scheme.

A group funded by the securities industry has set aside $231 million to cover claims by Bernard Madoff's burned investors.

Britain's Serious Fraud Office (SFO) froze over $100 million of assets linked to Allen Stanford, the US financier accused of a massive fraud.

People who invested with Bernard Madoff were greedy and happy to accept high returns without probing too much in the way these were achieved, Hugh Hendry, chief investment officer at hedge fund Eclectica, told CNBC Tuesday.

Stocks rallied Monday as convicted Ponzi swindler Bernie Madoff received the maximum sentence and oil topped $71 a barrel. Plus, there was some window dressing as Tuesday marks the end of the second quarter.

The U.S. Supreme Court decision to let states enforce their consumer protection laws against federally chartered banks will give regulators greater power to police lending abuses in an industry already under intense pressure to reform.

From rubbing elbows with millionaires to sharing a prison yard with gangsters, Bernard Madoff's life is about to change.

Stocks rallied Monday as convicted Ponzi swindler Bernie Madoff received the maximum sentence and oil topped $71 a barrel.