The demise of Taylor, Bean & Whitaker, as well as
Colonial Bank, continues to spawn guilty pleas. This time Raymond Bowman, the
former president of Taylor Bean, pleaded guilty to charges of conspiring to
commit bank, wire and securities fraud and of lying to federal agents about his
role in the...
HOUSTON - (Mealey's) Two days after finding Texas financier R. Allen
Stanford guilty on 13 criminal charges relating to his operation of a massive
Ponzi scheme, a federal jury in Texas on Mar. 8 returned a special verdict
finding that Stanford must forfeit $330 million held in 29 financial
NEW HAVEN, Conn. — (Mealey’s) UBS Securities Japan Co. Ltd. will pay a $100 million fine as part of a plea agreement with the U.S. government to end a criminal suit alleging that UBS Japan illegally manipulated the London Interbank Offered Rate (Libor), according to court documents filed...