Banking and Finance

Recent Posts

Florida Cop Gets 5-Year Sentence For Rothstein Ties, Including Illegal Arrest
Posted on 23 Jul 2014 by Jordan D. Maglich

"Mr. Benjamin, while wearing the cloak of BSO authority, engineered the arrest and incarceration of an innocent citizen. This was done purely for financial gain. This conduct is deplorable — it is unconscionable." - U.S. District Judge... Read More

Lloyds to Pay $370M to Settle Libor Manipulation Claims in U.S., U.K.
Posted on 29 Jul 2014 by Timothy Raub

WASHINGTON, D.C. — (Mealey’s) Lloyds Banking Group plc has agreed to pay a total of $370 million to settle claims with U.S. and British agencies alleging that Lloyds violated various laws by manipulating the London Interbank Offered Rate ... Read More

Jury Convicts Former Madoff Employees Of All Charges
Posted on 25 Mar 2014 by Jordan D. Maglich

In the first trial to take place since Bernard Madoff's massive Ponzi scheme shocked the world more than five years ago, five former employees at Madoff's investment firm were convicted by a New York federal jury for their participation in Madoff's... Read More

TelexFree Founders Indicted on Fraud Charges
Posted on 24 Jul 2014 by Jordan D. Maglich

A Massachusetts grand jury indicted TelexFree co-founders James Merrill and Carlos Wanzeler on multiple fraud charges in what authorities have alleged was a massive Pyramid/Ponzi scheme that may have defrauded victims out of hundreds of millions of dollars... Read More

McGraw Hill, S&P to Pay $1.5B to Settle Fraud Claims Over Credit Ratings
Posted on 3 Feb 2015 by Timothy Raub

WASHINGTON, D.C. — (Mealey’s) McGraw Hill Financial Inc. and its subsidiary, Standard & Poor’s Financial Services LLC (S&P Financial), announced today that they will pay a combined $1.5 billion to settle actions brought by the... Read More