Prosecutors had sought a 15-year sentence, describing Shah as the "driving force behind a dizzying array of lies to clients, lenders, investors and an audit firm."

The police are looking into possible accounting and marketing fraud, market manipulation and use of privileged information.

The need for a revolutionary approach in fraud prevention is clear.

The 6-3 decision could reduce the commission's leverage to extract high-dollar settlements.

Card shark; the roof falls in; a dynamic duo; and other highlights of recent tax cases.

The Corporate Transparency Act, ostensibly meant to address scams and other crimes, has ironically opened the door to new kinds of scams directed at small-business owners.

In advance of World Elder Abuse Awareness Day, the Internal Revenue Service is highlighting how criminals target older citizens.

Ilit Raz, CEO and founder of now-shuttered Joonko, was charged with defrauding investors of at least $21 million by making false and misleading statements about the company.

The growing number of fraud victims who suffer staggering financial losses often find themselves having to pay Uncle Sam for their missing income, experts say.

An international coalition of tax authorities has released a list of possible risk indicators for cryptocurrency-related crimes, many of which have to do with privacy and anonymity.