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 […]
Continue1 Nov
Justice in Fairfield County? Morgan Stanley Banker Hate Crime Case Had Flaws
William Bryan Jennings, a Morgan Stanley Executive, had to wait nearly nine months before Connecticut admitted they didn’t have the evidence to litigate a hate crime case against the Darien, CT native. Felony charges were brought against the banker in February after a New York cabbie told the Darien police he’d been assaulted by Jennings over a […]
Continue18 Oct
Guynn Update: Mormon Wife Quits Big Law Lawyer Accused of Mistress Assault
UPDATE 10-19-12: King & Spalding confirmed this morning Guynn is no longer with the firm. Although Steven hasn’t updated his twitter profile that promotes himself as “a partner at a pre-eminent law firm in New York City, who has led more than $150 billion of global transactions”. Original Text The Big Law lawyer, Steven Guynn, […]
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