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Posts Tagged ‘Accused’

Deutsche Bank Accused in U.S. Suit of Lying About Mortgages

May 3rd, 2011 Comments off

Deutsche Bank AG, Germany’s biggest bank, was sued for more than $ 1 billion by the U.S. for allegedly lying “repeatedly” to qualify thousands of risky mortgages for a government insurance program.
BusinessWeek.com — Finance

SAC Ex-Portfolio Managers Accused in Trading Probe

February 9th, 2011 Comments off

Noah Freeman and Donald Longueuil, former junior portfolio managers at SAC Capital Advisors LP, were accused of insider trading while working at the $ 12 billion hedge fund in the latest round of charges stemming from a nationwide crackdown by federal prosecutors.
BusinessWeek.com — Finance

JPMorgan Accused by Madoff Trustee Picard of Aiding Ponzi Scheme

February 4th, 2011 Comments off

JPMorgan Chase & Co. sought to protect only its own investments even as it suspected Bernard Madoff of perpetrating a fraud, said the trustee liquidating the convicted conman’s financial-advisory firm.
BusinessWeek.com — Finance

SEC Accused of Negligence in Bernard Madoff Ponzi Victim Lawsuit

January 26th, 2011 Comments off

The U.S. Securities and Exchange Commission was sued by victims of Bernard L. Madoff’s Ponzi scheme who alleged negligence on the part of the agency.
BusinessWeek.com — Finance

Bank of America’s Countrywide Accused in Suit of ‘Massive Fraud’

January 25th, 2011 Comments off

Bank of America Inc.’s Countrywide Financial unit, acquired by the bank in 2008, was accused of “massive fraud” in a lawsuit by investors who claim they were misled about mortgage-backed securities.
BusinessWeek.com — Finance

Ex-Flextronics Manager Accused of Leaking Apple Tips Wins Bail

December 21st, 2010 Comments off

The former Flextronics International Ltd. manager accused of leaking details about Apple Inc.’s iPad and iPhone 4 won release on $ 150,000 bail in the insider-trading case.
BusinessWeek.com — Finance

Ex-UBS Banker Accused of Helping U.S. Tax Dodgers Hide Accounts

December 15th, 2010 Comments off

The U.S. charged a former UBS AG banker with helping American clients hide assets from the Internal Revenue Service by shifting them to a smaller Swiss bank.
BusinessWeek.com — Finance

Fmr. Nasdaq Chairman Accused of Duping Investors

December 5th, 2010 35 comments

Money manager Bernard Madoff has been accused in what prosecutors say was a billion scheme to defraud investors. On Monday a federal judge signed an order to protect investors who may have been duped. (Dec. 15)

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