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Write-Offs: 09.21.09

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$$$Hassan Nemazee charged in $290 million fraud [Reuters]
$$$ "In addition, Mr. Cioffi was executive producer of two independent films, including a 2006 vehicle for Rosie Perez and a movie called Follow the Prophet, which isn't about the pursuit of money but, rather, a teenager escaping marriage to the leader of a polygamist cult. [Crain's]
$$$Bank of America to Pay U.S. $425 Million to Remove Merrill Asset Guarantee [Bloomberg]
$$$ The Pandora's Box of Wells Fargo and Commercial Real Estate [FT Alphaville]
$$$ 2 men charged with $80 million Ponzi scheme [AP]