• All

Most Recent Posts (As of: 23:55)

White Collar Crime Prof Blog

• Chiquita and 60 Minutes

  60 Minutes aired a special on Chiquita Banana, The Price of Bananas, in which they reported on the issues that faced this company in trying to operate in Colombia and their self-reporting to the DOJ of violations in making illegal... [...]
  
  Share | Rate | Permalink

  Posted: May 12, 2008, 12:26am Eastern Daylight Time by White Collar Crime Prof Blogger

Stock Broker Fraud Blog

• UBS To Pay Massachusetts Municipalities Over $35 Million for Auction-Rate Securities Losses

  UBS Financial Services Inc. and UBS Securities LLC, both units of UBS AG, have agreed to pay 19 Massachusetts public agencies and local governments over $35 million for their losses in the auction-rate securities market. The sum represents the return of principal payments by the municipalities.
  [...]

  
  Share | Rate | Permalink

  Posted: May 11, 2008, 10:38pm Eastern Daylight Time by Shepherd Smith & Edwards

SEC ACTIONS

• Option Backdating: A Flawed SEC Complaint Raises Questions About the Enforcement Program And Its Direction

  Last week the court granted in part a motion to dismiss portions of the claims brought against Lisa Berry, former General Counsel of Juniper Networks, Inc. and KLA-Tencor. The motion was based on the statute of limitation and the failure to plead fraud with particularity as required by Federal Civil [...]

  
  Share | Rate | Permalink

  Posted: May 11, 2008, 10:07pm Eastern Daylight Time by T. Gorman

Jeff Matthews Is Not Making This Up

• Hold the Presses: Rupert Outbid!

  
  Cablevision Close to Newsday Deal
  By MATTHEW KARNITSCHNIG and SHIRA OVIDEMay 11, 2008 5:55 p.m.
  
  Tribune Co. is close to a deal to sell its Long Island newspaper Newsday to Cablevision Systems Corp. for $650 million, according to a person familiar with the situation.
  
  If successful, the [...]
  
  Share | Rate | Permalink

  Posted: May 11, 2008, 7:28pm Eastern Daylight Time by Jeff Matthews

Wall $treet Folly

• Amaranth's former chief is planning on opening a new fund later this year

  Nick Maounis, skipper (and risk manager extraordinaire) of the imploded $6+ billionish hedge fund Amaranth, is trying to make a comeback later this year with a so far modestly sized $200 million multi-strategy fund venture called Verition Fund Management LLC....
  

  [...]

  
  Share | Rate | Permalink

  Posted: May 11, 2008, 9:19am Eastern Daylight Time by wsf@wallstreetfolly.com (Wall Street Folly)

Fraud, Phishing and Financial Misdeeds

• FBI reports tax stimulus phishing campaign underway

  The FBI Cyber Investigations Division issued a press release that spammers are phishing for people's personal details using the tax stimulus program as bait.
  
  

  The Federal Bureau of Investigation warns consumers of recently reported spam e-mail purportedly from the Internal Revenue Service (IRS) which is actually an attempt to [...]

  
  Share | Rate | Permalink

  Posted: May 11, 2008, 8:57am Eastern Daylight Time by Ed Dickson

Wall $treet Folly

• SNL show opener: This one should make Hillary Clinton cringe

  Might this couldn't-hit-closer-to-home brutally scathing spoof from last night's Saturday Night Live signal the end?
  

  

  [...]
  
  Share | Rate | Permalink

  Posted: May 11, 2008, 7:26am Eastern Daylight Time by wsf@wallstreetfolly.com (Wall Street Folly)