Blog
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.
Jean-Paul Gut
Jean-Paul Gut is being investigated for insider trading surrounding the EADS A380 plane delays. See BBC.com for more details.
Andreas Sperl
Andreas Sperl has been detained from a probe into insider trading. In June 2006, shares fell 26% in one day. Sperl and four other employees are being looked into for breaching an obligation to refrain from selling shares as a holder of privileged information. The full...
Michael Vick
Just before going to jail, he set up an account with the Royal Bank of Canada for $2.5M line of credit and borrowed $2.3M. "Yesterday, Mr. Vick, who is in prison in Kansas, filed for bankruptcy protection, effectively blocking the bank and other creditors from...
Jagmeet Channa
A bank clerk in London tried to steal nearly $36M from HSBC. He will face 9 years in prison. The BBC.co.uk article can be read here. He has been charged with conspiracy to defraud, money laundering and abusing a position of trust at HSBC.
Federal Financial Regulators Agree to Share Information
After all that has been happening in the business world this year it comes as no surprise that the Federal Reserve and the SEC will begin to work more closely in the future. One area that we should expect to see more attention is fleecing as efforts in money...