UPDATE 1-23-13 5pm: The Washington Post is reporting the DOJ’s Lanny Breuer, who was highlighted in The Untouchables, is stepping down. Now reporters had heard he was on his way out for a bit so WAPO could be reporting old news but it sure makes the Frontline film and my reporting seem to have made […]
Continue19 Dec
Darien banker Jennings Bad Arrest Leads to Millions of lost Compensation
UPDATE 1-15-13: Darien Times is reporting ASA Weiss with held evidence from Jennings’ defense for months. It appears he did it to try to get Jennings to plea out. The local paper questions the ethics of our Stamford States Attorney office. Original Text Today the Wall Street Journal has a story showing how Darien banker […]
Continue30 Nov
Are the Feds Gunning for Civil RICO against Steven Cohen or SAC Capital?
The DOJ has a hard on for famed hedgie Stevie Cohen and the rest of the financial press has suddenly just figured this out. Cohen, a stock trader who founded Stamford-based SAC Capital, runs a trading company that is facing a pending SEC lawsuit. What the SEC would sue for we don’t actually know yet […]
Continue29 Nov
Greenwich Hedgie Max Holmes now wants to be a Media Titan
A Greenwich hedge fund manager who ran a multi-billion dollar fund is quitting trading to getting into the media business. Max Holmes of Plainfield Asset Management, who was widely reported for being under regulatory investigation, has called his new venture EcQuant. Holmes started winding down his asset-back fund a few years ago after gating his […]
Continue13 Nov
Regulators Investigate Sun Trust Bank for Fraud
UPDATE 10-11-13: SunTrust was forced to settle with the government over the actions in this story which was first reported at Growth Capitalist. They had to pay over $1 billion dollars which lead to a negative 33 cent per share hit to earnings. It’s unclear if the whistleblowers will reap any reward from this sizable […]
Continue12 Nov
After Arrest Spongtech Fraudster Metter loaded Radio Stations with Debt: Greenwich’s WGCH facing Eviction
UPDATE 4:45pm: The head of the Greenwich DTC, Frank Farricker, tells me he’s been try to reach BTR’s receiver, Michael Craven, and his Delaware attorney at Morris James LLP to make an offer on the Greenwich Radio station but so far they’ve refused to call him back. Craven has also refused to return multiple request […]
Continue8 Nov
Where the SEC Puts the JP Morgan-Bear Stearns Settlement Matters
JP Morgan disclosed they reached an agreement with the SEC today for the double-dipping scheme run by Bear Stearns mortgage traders. This was where the traders under Tom Marano kept billions of dollars that were supposed to go back to RMBS investors when resi-loans defaulted in the first 90 days. The SEC hasn’t officially accepted […]
Continue7 Nov
Told You So: SEC Wants JP Morgan to Pay for Bear Stearns Sins
Last night the Financial Times broke news Jamie Dimon is willing to admit that maybe the Bear Stearns mortgage traders really did break securities laws and he should settle with the Securities & Exchange Commission. What the FT forgot to mention was I was the lone reporter in late January 2011 who reported JPM was […]
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