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County grand jury indicts teen in stolen check scheme
A Montgomery County grand jury indicted a Virginia teen Tuesday for engaging in organized criminal activity after she and two others allegedly cashed stolen checks across several states.
BofA, JPMorgan, Google, Rio Tinto, Citigroup in Court News
Bank of America Corp. , JPMorgan Chase & Co. (JPM) and three other U.S. banks reached a $25 billion settlement with 49 states and the U.S. government to end a probe of abusive foreclosure practices stemming from the collapse of the housing bubble.
Stanford Investors Endure ‘Living Hell’ on Eve of Trial
R. Allen Stanford’s investors, after waiting three years to see the Texas financier go to trial on charges of leading a $7 billion fraud, must hold on even longer before learning when they will get some of their money back.
San Francisco Foreclosure Audit Elicits Predictable Responses from Securitization Mess Deniers
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Was Firing in Retaliation for Whistleblowing?
(2/3) A Louisiana credit union manager became convinced that her employer was allowing lending practices that amounted to criminal fraud. She repeatedly brought her concerns to the attention of senior managers, board directors, and co-workers. At the point where her complaints seemed to come to a head, she was fired. Was that a coincidence?
Stanford, RBS, Commerzbank, J&J, Roche, BP in Court News
R. Allen Stanford engaged in a long- term scheme to defraud people who bought certificates of deposit from his Antigua bank, a U.S. prosecutor told jurors at the opening of the financier’s criminal trial in Houston.
Credit Suisse, Standard, BAA, Glaxo, Apple in Court News
Kareem Serageldin, Credit Suisse Group AG (CSGN) ’s former global head of structured credit trading, was charged in a scheme to falsify prices tied to collateralized debt obligations to meet targets and boost year-end bonuses for his $5.35 billion trading book.
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