Frauds & Scandals

Goldman Sachs to pay $5 billion in U.S. Justice Dept mortgage bond pact

Mon Apr 11, 2016/Reuters By Suzanne Barlyn Goldman Sachs Group Inc (GS.N) has agreed to pay $5.06 billion to settle claims that it misled mortgage bond investors during the financial crisis, the U.S. Department of Justice said on Monday. The settlement, which Goldman disclosed in January, stems from the firm’s […]

SEC Announces the Collection of 1,662 Share Certificates Recovered from ACML

April 8, 2016/SEC Culled—– Proshare This is to inform the Clients of Alliance Capital Management Ltd (ACML) that the Securities and Exchange Commission has in its custody 1,662 share certificates recovered from Alliance Capital Management Ltd. In view of the above, the Clients whose names appear in the attached lists are hereby advised to visit […]

IMF Managing Director Christine Lagarde Letter to Greece Prime Minister Alexis Tsipras

His Excellency Mr. Alexis Tsipras Prime Minister of the Hellenic Republic Athens, Greece Dear Prime Minister, Thank you for your letter of April 2, in which you ask about the IMF’s position regarding the program negotiations with Greece. My view of the ongoing negotiations is that we are still a […]