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Phil Angelides: Enforcement of Wall St. is "Woefully Broken"
The current system of enforcement in the financial services industry has done little to deter pervasive fraud, says the former chairman of the Financial Crisis Inquiry Commission.
January 22, 2013
Lanny Breuer: Financial Fraud Has Not Gone Unpunished
Prosecutors are holding Wall Street to account for the financial crisis, but success should not be measured solely by the number of convictions to date, says the head of the Justice Department's criminal division.
January 22, 2013
Ted Kaufman: Wall Street Prosecutions Never Made a Priority
The lack of high-level prosecutions from the financial crisis can be traced to the Obama administration's ambivalence to upset the banks, the former U.S. senator told FRONTLINE.
January 22, 2013
As Deadlines Loom for Financial Crisis Cases, Prosecutors Weigh Their Options
For more than four years, regulators have struggled to successfully prosecute a Wall Street bank or its executives for alleged misconduct during the financial crisis. Now, time may be running out.
January 22, 2013
"Fraud Was ... the F-Bomb"
Well before the housing bubble burst, alarm bells were beginning to sound among key players in the mortgage industry: due diligence underwriters.
January 22, 2013
Peter Madoff Sentenced for Role in Brother's Ponzi Scheme
Peter Madoff was sentenced to 10 years in prison on Thursday for his role in the multi-billion dollar Ponzi scheme orchestrated by his older brother, Bernie Madoff.
December 21, 2012
OSHA Investigating Worker Death at McWane Foundry
The foundry is owned by McWane Inc., the Alabama conglomerate that in 2003 became the focus of a FRONTLINE investigation on workplace safety.
December 20, 2012
Latest Sanction Against BP Goes Beyond Gulf Spill
The Obama administration temporarily banned BP from federal contracts yesterday -- a move that's been years in the making.
November 29, 2012
House GOP Faults Corzine, Regulators for MF Global Collapse
House Republicans have released a scathing postmortem of the collapse of MF Global, blaming the leadership of Chief Executive Jon Corzine and a breakdown in regulatory oversight for the brokerage's 2011 bankruptcy.
November 15, 2012
BP to Pay Record $4.5 Billion for 2010 Gulf Oil Spill
Oil giant British Petroleum announced today that it will pay $4.5 billion to settle charges for the April 2010 explosion at its Deepwater Horizon rig that killed 11 workers and unleashed more than 5 million barrels of oil into the Gulf of Mexico.
November 15, 2012
U.S. Sues Bank of America for $1 Billion Over Mortgage Sales
Prosecutors have charged the bank with fraud for the sale of "defective" home loans.
October 24, 2012
New Mortgage Task Force Charges JPMorgan With "Systemic Fraud"
The lawsuit is the first filed by a federal mortgage task force established by the Obama administration to investigate alleged fraud involving home loans.
October 2, 2012