Fraud, Jail | featured news

Former Enron CEO Jeffrey Skilling, who is serving a 24-year prison term for his role in the energy giant's epic collapse, could get out of prison early under an agreement being discussed by his attorneys and the Justice Department, CNBC has learned. Skilling, who was convicted in 2006 of conspiracy, fraud and insider trading, has served just over six years.

A Phoenix woman accused of pretending to have cancer to raise money for breast implants was sentenced on Wednesday to one year in jail, local media reported.

Taylor, Bean and Whitaker Mortgage Corp's former chairman, convicted of masterminding a $2.9 billion fraud scheme before the company collapsed, was sentenced on Thursday to 30 years in prison.

A wealthy Manhattan investment banker and former top Democratic fundraiser was sentenced Thursday to 12 years in prison for defrauding banks of $292 million, some of which he donated to politicians including Barack Obama, Hillary Rodham Clinton and Al Gore.

US businessman Tom Petters is sentenced by a federal judge to 50 years in prison for his role in a $3.7bn fraud.

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 on Thursday.

A federal appeals court ruled that Madoff, who faces up to 150 years in prison, must remain in jail until his sentencing.

The lawyers of disgraced US financier Bernard Madoff contest a judge's decision to revoke his bail and send him to jail.