A businessman who managed to con GBP93,000 ($136,000 USD) from the Royal bank of Scotland (RBS) through an exceptionally simple scam has been sentenced to a year in jail for fraud.
Source:
http://www.fsteurope.com/news/rbs-loses-93000-in-simple-scam/
It looks as if fraud played a significant role in the financial crisis, and reform of the kind now being contemplated could have prevented some of it.
Source:
http://www.nytimes.com/2010/04/19/opinion/19krugman.html
New York Attorney General Andrew Cuomo unveiled a major legal action against senior Bank of America executives Thursday over its controversial purchase of Merrill Lynch, including bringing civil charges against its former CEO Ken Lewis.
Source:
http://money.cnn.com/2010/02/04/news/companies/bank_of_america/index.htm?hpt=T1
