by Justin Knapp | Sep 21, 2009 | Uncategorized
The reputation of a leading Asian financial center is at stake in the wake of an enormous insider scam. Former Morgan Stanley Managing Director Du Jun was raked over the coals by Hong Kong Judge Andrew Chan for his insider dealing. Du was sentenced to 7 years in...
by Justin Knapp | Sep 21, 2009 | Uncategorized
A public relations specialist passing along merger/acquisition tips to a former Lehman Brothers broker contributed to an insider trading scheme. Frederick Bowers pleaded guilty to conspiracy to commit securities fraud and fraud for his role in a program to profit $4.8...
by Justin Knapp | Sep 21, 2009 | Uncategorized
A Federal judge sentenced Stephan Wilson, 45 to nearly 20 years in prison following his role in scheming more than 80 clients out of millions of dollars. His promise? An 18 to 24 percent return on an investment fund. Not only were his promises empty – now his...
by Justin Knapp | Sep 21, 2009 | Uncategorized
Investors seeking class action status are suing trustees of Medical Capital Holdings, Wells Fargo and Bank of New York Mellon. Medical Capital has already been charged by the SEC with fraud. Get a load of the sordid details in the full Investment News story, complete...
by Justin Knapp | Sep 21, 2009 | Uncategorized
A supposedly conservative bond fund owned by a widowed 72-year old Deutsche Bank client turned out to have a risky alter ego. A $500,000 initial investment in June 2007 had nearly vanished by February 2009, a substantial loss for the client’s marital trust. Deutsche...
by Justin Knapp | Sep 21, 2009 | Uncategorized
Wells Fargo Senior Vice President Cheronda Guyton hosted guests at a lavish $12 million beach house. The only problem was that the home didn’t belong to Ms. Guyton. The 3800 square foot home was turned over to the bank by its owners who were victimized by Bernard...
