Indian-American to lead prosecution of Shahzad

India-born US Federal Attorney Preet Bharara, spearheading the prosecution of 9/11 mastermind Khalid Sheikh Mohammed, now has another high-profile terrorism case in his hands -- the Times Square......

BRICS bank: A giant step towards reforming the world system

The announcement of the formation of the BRICS bank will have as much an impact about how the non-G7 countries manage their economies and their foreign reserves, as it does on the intellectual......

Madoff items' auction fetches $500,000

The auction of personal possessions seized from Ponzi schemer Bernard Madoff's Palm Beach mansion, held during the weekend, generated as much as $500,000, according to the US Marshals Service which......

JP Morgan Chase to pay $1.7 bn in penalties for Madoff ties

The US prosecutors have secured a whopping $1.7 billion penalty from banking giant J P Morgan, which has been criminally charged for ignoring warning signs of Bernard Madoff's massive Ponzi scheme......

Madoff trustee sues J P Morgan for $6.4 bn

The trustee liquidating the assets of imprisoned scamster Bernard Madoff has sued J P Morgan seeking damages worth $6.4 billion for allegedly aiding the fraud committed by him. Once a revered Wall......

Ponzi king Madoff fears being beaten up

Ponzi king Bernard Madoff, who has been convicted of committing a fraud of $60 billion, is in danger of being beaten up by fellow inmates at a North Carolina federal prison, where he is currently......

US charges Allen Stanford with 'massive' fraud

Texas billionaire Allen Stanford and three of his companies were charged with "massive" fraud on Tuesday as federal agents swooped down on his US headquarters. In a civil complaint filed in......