Companies

15 Apr 2009 No Comments

Jadis Capital Inc.

Seven members of a Queens, NY church defrauded more than $12M from elderly parishioners. The SEC says that returns up to 75% were promised and the money was used to […]

17 Jan 2009 No Comments

Update in Satyam case has founder fleecing and blaiming the company books

B. Ramalinga Raju may have taken up to $1B from the company rather than the initial claim that the company had made up the money. "Mr. Raju, who was Satyam’s […]

8 Jan 2009 No Comments

Satyam Struggles to Pay Employees

As Indian company Satyam tries to recover from the $1B loss of liquidity overnight due to fraud, Investors have their eyes on PricewaterhouseCoopers the accounting firm for the company. “Pricewaterhouse […]

8 Jan 2009 No Comments

Richard Piccoli

Mr. Piccoli and his company Gen-See Capital Corp. are being sued for operating a Ponzi scheme targeting Catholics. They placed advertisements in Catholic publications trying to lure investors. The SEC […]

24 Dec 2008 No Comments

Ford Profits Impact Investors

Ford Errant Forecasting Hits Investors Missing Promised Profits. The article can be read here.

20 Oct 2008 No Comments

Parmalat

A New Jersey jury found that Parmalat, the Italian food and dairy company, had defrauded CitiGroup and awarded the bank $364.2 million in damages write Eric Dash of NYtimes.com. You […]

14 Aug 2008 No Comments

Merrill Lynch, UBS, Citigroup, Morgan Stanely, J.P. Morgan Chase, and Wachovia Auction-rate securities

James B. Stewart writes in the WSJ about how banks were selling off there own interests in auction-rate securities as they were still peddling them to clients. It is a […]

17 Jul 2008 No Comments

UBS to stop offshore banking for U.S. residents

Reuters reported today that UBS will no longer provide offshore banking and securities services to U.S. residents. They are also working with the U.S. government to identify U.S. clients who […]

1 Jul 2008 No Comments

Feds Press Swiss Bank To Name U.S. Clients

A developing Fleecing story from the WSJ online: See it here. Feds Press Swiss Bank To Name U.S. ClientsTax Officials Target An Alleged Dodge; UBS Caught in BindBy Evan Perez […]


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