Blog
I.R.S. Aims to Give Teeth to a Program Meant to Counter Offshore Tax Avoidance
Lynnley Browning writes that the IRS intends to look closer at offshore banking customers to ensure they are paying their US taxes.The program is called Qualified Intermediary, and has been working with foreign banks since 2001recieving taxes that the banks withhold...
Michael and Melissa Spillan
The Spillans and One Equity Companies, are being charged with operating an ongoing fraudulent stock loan program. The Litigation Release can be seen at the S.E.C. website.
S.E.C. to intensify efforts to stop false rumors
Stephanie Clifford and Jenny Anderson report at the nytimes.com that "The Securities and Exchange Commission announced on Sunday that it and other regulators would begin examining rumor-spreading intended to manipulate securities prices." "The issue is...
Du Jun
Du Jun: Ex-Morgan Stanley banker charged with insider trading. While advising Morgan Stanley on the purchase of Citic Resources Holding Ltd. earlier this year, Jun bought 26.7M shares of Citic between Feb. and April, 2007. Aries Poon's Wall Street Journal can be...
Plastech’s Secrets Should Be Exposed
crainsdetroit.com has a good editorial article on Plastech's family compensation payments. You can see it here.
Julie Brown
In the Crain's Detroit Business article on June 30, 2008, Ryan Beene reports that CEO Julie Brown of Plastech Engineered Products Inc. was paying huge bonus packages to family members with in the now bankrupt company. For details of the pay packages click here.
Four EADS executives detained in France
nytimes.com has a good report from the AP about the current investigation of the EADS executive accused of insider trading.
Noel Forgeard
Noel Forgeard is one of four EADS executives being investigated for insider trading around the delayed launch of the A380 plane. BBC.com reports on the story.