TOKYO -- U.S. investment bank Lehman Brothers Inc. appears to have been a victim of a fraud in which swindlers used forged documents from one of Japan's biggest trading companies to bilk it out of as much as $250 million.
http://online.wsj.com/article/SB120675856370773951.html??mod=djemalertNEWS
posted by guest
Mar 29, 2008 12:27AM
Lehman talks to the hand according to this article...
Lehman says several meetings between its employees and representatives of the fund met at Marubeni's headquarters in Tokyo to discuss the deal. It says Marubeni employees were involved in the discussions.
Marubeni disputes this, saying its employees never met with Lehman representatives. Both companies are cooperating with Japanese authorities investigating the situation.