Blog
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...
David B. Pinkerton’s charges are dropped
Aaron Siegel of Investment News reports that David Pinkerton will not be convicted of conspiracy to violate the Foreign Currupt Practices Act or money-laundering conspiracy. Full article: Charges against AIG Global exec dropped Original report (Oct. 10, 2005): AIG...
Samuel Israel’s Mom
InvestmentNews.com reports that Samuel Israels mom was behind bringing Israel back to police. They report that she had been in touch with him for several weeks and pressured him to turn himself over to the police. The article by Aaron Siegel can be read here.
A message to current Fleecers from Fleecing Central
Reading a quote from Phillip Bennett that he said prior to entering his plea, “I know I was wrong, and I deeply regret it. I take full responsibility for my actions. I wish to publicly apologize to my family and to all those I’ve harmed.” made me think that it wasn't...