Stories by Thomas Goetz

Feds Crackdown on Massive Securities Net Fraud

In a massive crackdown ranging from Wall Street to Las Vegas - with the Internet interwoven along the way - the U.S. Attorney's Office here has charged 120 people with securities fraud in a roundup of executives, entrepreneurs, and mobsters. Federal prosecutors are calling it one of the Mob's deepest forays into the stock market, using the Internet - and the popularity of Internet stocks - to lure unsuspecting investors. Total losses from the various scams reached more than $50 million, according to the Federal authorities.