Managers of Wealth Americas

US seeks to extradite UK tech billionaire Michael Lynch

Autonomy businessman would face charges including securities fraud, wire fraud and conspiracy

New Mexico SIC signs up to co-invest alongside Brookfield infrastructure fund

The initial investments are on target to meet the fund’s net-internal-rate-of-return target of at least 10%.

Banks see Fed payments proposal opening door to fintech rivals

Banks have invested heavily in payment systems, and they alone can access the Fed’s transfer systems.

Scotiabank To Sell Its Operations In British Virgin Islands To Republic Bank

The transaction supports the Bank's strategic decision to focus on operations across its footprint where it can achieve greater scale and deliver the best value for customers, Scotiabank said in a statement.

US FATCA crackdown pushing demand for tax advice

The FATCA international tax code was designed to stop Americans stashing money abroad to evade tax.

Former Deutsche Bank Executive Who Oversaw Trump’s Loans Dies by Suicide

Another source who has knowledge of Deutsche Bank’s internal structure said that Bowers would have been the gatekeeper for financial documents for the bank’s wealthiest customers.”

Rothschild Aided Czech Billionaire in ‘Fraud,’ Hedge Fund Claims

Rothschild helped Vitek quietly take control of Luxembourg-based Orco Property Group so the billionaire could strip it of its most valuable assets

SEC Moves to Overhaul Rules on Mutual Funds’ Use of Derivatives

If enacted, the proposed rules would replace a patchwork of guidelines issued over recent decades

The Curious Case of Aurelius Capital v. Puerto Rico

How a hedge fund’s efforts to take the island territory to the cleaners wound up before the Supreme Court — with ordinary Puerto Ricans arguing in the hedge fund’s favor.

London broker pleads guilty to conspiring to evade FATCA

FATCA demands foreign financial institutions must make an annual report to the IRS that disclose the details of any accounts controlled by US taxpayers.

‘Clean’ short-term spending bill signed into law

“The tenor has been good. The tone of negotiations [has] been good. The results are puny,” he said.

U.S. Arrests Money-Laundering Expert For Laundering Money

Prof. Bruce Bagley Participated in the International Laundering of over $2 Million Derived from Venezuelan Bribery and Corruption

Do You Have a Bank Account in Israel? The IRS May Be Targeting You!

The IRS coordinates with global banking and foreign governments to discover when U.S. taxpayers have failed to report foreign investments

Bankrupt Ex-Billionaire Sam Wyly Settles A $1.3 Billion Tax Bill—For Just $500 Million

Wyly wants to be known for building the arts-and-crafts chain Michael’s and several other companies, which first catapulted him onto Forbes’ list of the richest Americans in 2000, with a net worth of $750 million.

Defrauded retiree sues wealth manager

After wiring a deposit of $619,000 US (C$820,000) to a California bank account, McLeod received an email saying the balance should go to a different bank, based in Colorado.

BlackRock: Brazilian pension reform to usher in era of growth

Another tenet of the Bolsonaro’s pro-market reforms is ‘taking government subsidies out and putting the private sector in’, said Kuczma, adding that it would create a ‘base for sustainable growth in the country’.

Elizabeth Warren takes risk with ad blasting billionaires

A note appears on screen -- "charged with insider trading."

How America's oldest bank became a money laundering hub for post-Soviet Russia

Soviet banks were handled by a Russian aristocrat from the highest echelons of tsarist society

Conflicts of interest in target-date funds catch SEC’s eye

The big proportion of US workers channelled in the retirement portfolios has increased the review urgency

JPMorgan Precious Metals Probe Expands as Another Is Charged

Indictments against Michael Nowak -- JPMorgan’s global head of precious metals trading -- and Gregg Smith were made public in September and they have pleaded not guilty.

Legal, Regulation & Compliance