This story was originally published at Greenwich Time last year. James Glover finally plead guilty on June 1st to one count of interstate transportation of money obtained by fraud stemming from an embezzlement scheme. The Department of Justice said he stole $625,000 from January 09-10 but lucky for RBS he gave it all back (a […]
Continue30 May
Former Bank President was Afraid to Whistleblow on USA Bank’s DeCaro
Greenwich bankers, from once publicly traded USA Bank, are under criminal investigation for their role in lending abuse and possible securities violations. I detailed in an investigative report last week at Dealflow’s The Distressed Debt Report how Fred DeCaro Jr. and his son were allegedly allowed to violate the business plan that earned them a […]
Continue6 May
SEC Thinks Bear Stearns Mortgage Traders Need Investigating
It appears the Securtities and Exchange Commission has been reading my reporting on Bear Stearns mortgage traders cheating their clients out of bilions and double dipping on profits. Today, Jody Shenn at Bloomberg reports he’s heard J.P. Morgan received subpoenas asking for information on how Bear Stearns mortgage team sold back failed loans to mortgage […]
Continue5 May
NIR Group Investors Voting to Oust KPMG as Fund Liquidator
The battle to oust hedge fund manager Corey Ribotsky continues in face of a loss to view details of the fund’s PIPE investments and valuation methods. An important investor lawsuit was dismissed by a New York state appellate court last week, which placed a hard stop on existing court orders granted to NIR investor, Steven […]
Continue26 Apr
Hedge Fund Pot Farmer Pleads Guilty
UPDATE 6.6.16: That state of Conn. sentenced Tara Bryson to 8 years in jail, execution suspended after 2 years to serve, with three years probation, according to the clerk’s office in Litchfield County where she plead guilty to 10 counts of animal cruelty on June 3rd. The clerks office also confirmed she was taken to […]
Continue20 Apr
New Stream Executive Pot Farm Charges lead to Guilty Plea
Part of the hedge fund duo who was arrested this summer for growing a year round pot farm in Newtown, Connecticut has pleaded guilty and was sentenced to jail. I first reported in September for Forbes, how Tara Bryson, of Ridgefield-based New Stream Capital, was allegedly cultivating a pot farm in her million dollar mansion […]
Continue12 Apr
Former Bear Stearns Trading Executives Under Criminal Probe
The Manhattan District Attorney thinks Tom Marano and his star mortgage traders cheating their own clients out of billions constitutes criminal behavior. I reported today at DealFlow Media, an active investigation is under way and the D.A. plans to use the Martin Act to charge these former Bear traders. I first reported in late January […]
Continue5 Apr
Investors Try to Oust Ribotsky from NIR Group Liquidation
N.I.R. Group investors are not too pleased about a voluntary liquidation of all the AJW funds set into motion by the hedge fund last week. Today I reported for DealFlow Media ,Corey Ribotsky the fund’s manager, wrote his offshore investors on March 31st announcing the liquidation and altering them to the fact that some investors […]
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