UPDATE 4:15pm: Clusterstock’s reporter Julia La Roche found Owen’s FINRA records which shows he was unemployed before the Bank Street Group job Bank Street Group response is at the end of the story. UPDATE 9-26-12:NCPD says the person who called 911 to report shots fired was none other than James Owen. So this Wall Streeter […]
Continue18 Sep
What Bear Stearns Whistleblowers told the SEC: New Details of RMBS Fraud & Cover Up
Remember all those whistleblowers the monolines found in their RMBS fraud litigation against Bear Stearns and JP Morgan? The ones JPM’s lawyers tried to publicly out their names so they’d be afraid to testify in the monoline’s case. Well the bank’s dirty legal tactic didn’t work and newly released whistleblower testimony from people who worked […]
Continue17 Sep
NIR Group Investors Scream Valuation Fraud after Report of 97% Loss on Investments
Investors in a troubled hedge fund founded by Corey Ribotsky were told by the funds’ liquidator last week their hopes of recovering any real money was slim. I reported on the 97 percent drop in valuation for Growth Capitalist today in a story that details how main street investors who gave their pension money to […]
Continue12 Sep
Ridgefield Bank wins Auction of Ruth Jones New Canaan McMansion: Forcing Vacate
UPDATE 9-13-12:Prices paid at auction by the banks on Jones six properties are at the end of the story New Canaan’s queen of McMansion sales is being forced by local bankers at Ridgefield Bank to vacate her home of sixteen years. The Connecticut District Court judge denied Ruth Jones appeal for a stay yesterday so […]
Continue25 Aug
New Canaan Town Council Encouraged to Talk Pension Vote Off Record
UPDATE 8-28-12: A copy of Jeb Walker’s letter to New Canaan officials telling them how he will payback the pension is attached at the end of the story. UPDATE 8-30-12: Two days after Walker’s letter was published here the New Canaan Advertiser reports First Selectman Mallozzi now says it’s up to the town, not Walker, […]
Continue7 Aug
Community Banks force New Canaan Realtor to Liquidate: Six Prime Homes Ordered for Auction
A top New Canaan real estate agent who tried to use a reorganization bankruptcy to save about a dozen of her investment properties in Fairfield County, CT is close to losing her battle with her bankers. After three years of fighting upstream in Bridgeport, Conn. federal bankruptcy court, Judge Shiff ruled last month against Ruth […]
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