Ripping Off Your Fellow Creditors Disqualifies You From Bankruptcy Committees And Maybe From Running A Hedge Fund, But Not From Being A Lawyer
Six months’ suspension for six months in jail, apparently.
Prosecutors Pretty Sure You Can’t Lose Your Banks $10 Billion Legally
Which is bad news for Bill Hwang and the Archegos crew.
Eyewear Company Thinks JPMorgan Needs Some Glasses
The better to spot the obvious fraud with. And also maybe to read this lawsuit it just filed.
You Could Tell Bernie Madoff To Make A Trade, But You Couldn’t Actually Make Him Do It
That’s not how his "business" worked, after all.
Worst Owner In Sports Allegedly Cheated His Fans, Fellow Owners On And Off The Field
Congratulations to Daniel Snyder on topping Donald Trump as the most odious person accused of keeping two sets of books this month.
You Say ‘Terrible Error In Judgment,’ Prosecutors Say ‘Ripped Off Investors For More Than A Decade’
The judge says: “12 years in jail.”
On Second, Post-Probe Thoughts, Investor Thinks Morgan Stanley May Really Have Screwed It Over Here
With this new s**t that has come to light, Disruptive Technology has a whole new perspective on its block trade last year.
Sourdough, Zoom Drinks, Binging Culture, Insider Trading
How did you (allegedly) spend lockdown?
Justice Department Maybe Wondering Whether 45% Returns Might Not Be The Proof It Needs That Short-Selling Is Insider Trading
And it’s not afraid to go to Canada to find it.
Turns Out Those Trump Prosecutor Resignations Were Exactly As Bad As They Looked
NYT got the details, and they are UGLY.
If Your Ultimate Goal Is Not Going To Jail, Don’t Point A Gun At An F.B.I. Agent
An alleged Ponzi scheme you might be able to talk your way out of. That, not so much.
When Being One Of—If Not The—First Call A Banker Makes Is Not Such A Great Thing
It’s when bragging about it becomes Exhibit A.
Billionaire Says He Just Got ‘Lucky’ When Friend Sold His Company To Microsoft
Definitely no exchange of non-public information involved, sayeth Barry Diller.
Elon Musk Asks Court To Allow SEC To Force Him Out As Tesla CEO
That’s probably not what he thinks he’s asking for, but it is.
Banks Not To Blame For Bogus Bank Transfers On Bank-Owned Platform, Banks Say
That is, until they get a call from the Gray Lady.
Apparently With Nothing Better To Do, SEC Launches Another Pointless Elon Musk Investigation
This is a dumb investigation and a waste of taxpayer money for a number of reasons.
Wells Fargo Would Like To Keep Its Rigged Arbitration Victory, Please
I mean, a little panel-tampering and light perjury can’t possibly render one of those things moot, right?
Ex-Goldman Partner As Good At Forging Divorce Papers As He Was At Bribing Malaysian Officials
How one man was married to three women at the same time, and how it may sink the case against his old friend.
Banks Seem Willing To Accept No Money In Exchange For Pretending Archegos Doesn’t Exist, Never Happened
Allianz also accepts that discretion is the better part of valor.
Was Everyone At The SDNY Sick The Day They Taught Discovery At Law School?
There is a pattern developing, and not a good one if the Justice Department ever wants another Wall Street fraud conviction to stick.
If You’re Gonna Inflate Valuations, Best To Avoid The ‘Impossible’
Unless you are aiming for simultaneous knocks on the door from the FBI, SEC and CFTC. Then it’s fine.
It Has Stopped Being A Good Thing To Be Friends With Morgan Stanley’s Block Trading Head
Calls from Pawan Passi have been succeeded by calls from federal prosecutors and Gary Gensler.