A partner in a fake foreign-exchange investment fund that was actually a Ponzi scheme was today sentenced to five years of probation after cooperating with the authorities, Bloomberg reports.
Bradley Eisner pleaded guilty in 2008 to conspiracy to commit mail and wire fraud. He took money from investors and instead of trading currency Read More
Sprawling financial supermarket Citigroup yesterday told the U.S. Disctrict Court that a $75 million fine it agreed to pay the Securities Exchange Commissioin is an adequate sum to settle charges that it failed to disclose $39 billion in subprime assets in 2007.
Last week, the SEC defended the very same settlement agreement Read More
Loathe to miss out on the chance to dispense some SEC-style justice, the U.K.’s Financial Services Authority today dished out a $27 million fine to Wall Street titan Goldman Sachs. Goldman’s crime? Failure to report this year’s SEC highly publicized if somewhat ineffectual investigation into its 2007 dealings in collateralized debt obligations.
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When the rumors started spreading late this afternoon that the S.E.C.’s 4:45 p.m. “significant” announcement might have something to do with the Goldman Sachs suit, it was easy to be skeptical: There has been word since early May that the firm would be settling any day now. But according to Read More