Entries tagged "crime"
The co-founder of bankrupt 1-800-Mattress, Kay Barragan, was found dead Wednesday, her son the alleged suspect.
As details of the Bernie Madoff case begin to unfold, the question that begs an answer is: How did the Securities and Exchange Commission miss this? The SEC was alerted to Madoff's suspicious operations several times during the past decade. So, where were they? Was the SEC unable to uncover what's being alleged as a massive Ponzi scheme and one that has been perpetrated for years? What is clear is that the agency that prides itself with protecting investors dropped the ball yet again. ...
When it comes to the $50 billion Ponzi scheme allegedly orchestrated by asset manager Bernard L. Madoff Investment Securities LLC, the victims are many. One of the notable names to surface that may have been ripped off is Sterling Equities, the real estate firm co-founded by Saul Katz and New York Mets owner Fred Wilpon. ...
Bernard L. Madoff, a former Nasdaq Stock Market chairman and founder of Bernard L. Madoff Investment Securities LLC, may join the ranks of financial fraudsters Ivan Boesky, Michael Milken and Dennis Kozlowski if the charges of securities fraud in what federal prosecutors called a $50 billion Ponzi scheme are true....
It will probably warm the hearts of corporate executives who were tormented by Bill Lerach. The former Millberg Weiss LLP plaintiffs class-action attorney, who was sentenced to 24 months in prison in February after pleading guilty to paying kickbacks to the plaintiffs he represented, has been busted for variant on the bribery concept, according to The Recorder, a daily newspaper for lawyers in the San Francisco area. ...
Lou Pearlman, who backed N' Sync and The Backstreet Boys, admitted defrauding creditors though a shell company.
