Crime

Investors in Hong Kong are planning a multimillion-dollar lawsuit against London-based bank HSBC over the collapse of Lehman Brothers. Stephen Beard explains why the British bank is a good target and why more lawsuits may follow.

Los Angeles Times columnist David Lazarus recently had his credit card stolen from his gym locker, and the crooks went on a spending spree. He talks to Steve Chiotakis about how shockingly common these thefts are now.

A Chinese court sentenced two men to death and one woman to life in prison for their involvement in tainting milk with a deadly additive. Some believe they were scapegoated for government cover-ups. Scott Tong reports.

It seems merchandise featuring President-elect Obama is being sold everywhere with the inauguration approaching. But shirts and buttons that feature the presidential seal are illegal under federal law. Nancy Marshall Genzer reports.

The U.S. government is investigating European banks accused of doing business with Iran, Sudan and Libya, which is forbidden. Scott Jagow talks to Stephen Beard in London about which banks are involved.

The House is expected to pass a pair of civil rights bills today designed to give workers more power to sue over alleged pay discrimination. Mitchell Hartman explains why now is an important time for fairness law.

The best way to avoid getting scammed is to learn from history. Dr. Chris McKenna, who's writing a book on schemers, tells Steve Chiotakis about one particularly bad scammer who affected the world economy in the 1920's.

The House Financial Services Committee will hear today about Bernie Madoff's company and $50 billion pyramid scheme. Lawmakers want to figure out why the SEC didn't catch the fraud. Janet Babin reports.

Three Chinese warships are heading to Somalia to protect cargo against pirates. Experts say the added naval protection helps prevent hijackings, which are high in the region. Scott Tong reports.

The Securities Investor Protection Corporation may be able to help some Madoff victims, with payments up to $500,000. Yet to be determined is whether investors whose money was directed to Madoff through other funds are eligible for SIPC claims. Jeremy Hobson reports.