Managers of Wealth Americas

Prosecutor in Swiss bank cases resigns

He joined the Division of Enforcement in 1995 initially serving as a staff attorney, and then as Senior Counsel.

Ex-UBS Client Roessel Pleads Guilty in Offshore Tax Case

Former UBS AG client Wolfgang Roessel pleaded guilty to failing to report more than $11 million in Swiss accounts to the U.S. Internal Revenue Service.

Wells Fargo Cites Strength of Risk Panel After JPMorgan Blunder

"You simply can't take your eye off the risk side," Stumpf said today at a New York investor conference, in response to a query about trading losses at JPMorgan, the biggest U.S. bank. "Just because something worked for a while doesn&#

Miami Hedge Fund Adviser Charged for Misleading Investors About "Skin in the Game" and Related-Party Deals

Bulltick, Guerra, and former Quantek operations director Ralph Patino are charged along with Quantek in the SEC’s enforcement action. They agreed to pay more than $3.1 million in total disgorgement and penalties to settle the charges, and Guerra and

Phoenix-based investment adviser and firm with fraud - SEC

Both investments later failed. And when Clarke’s own financial problems prompted him to sell a stake in Oxford to a client, he fraudulently inflated the value of his firm by at least $1.5 million to make the client overpay by at least $112,000.

Lawyers making out the most in Madoff case

The operations led by liquidator Irving Picard, the New York attorney in charge of recovering the huge sums cheated by now-jailed Wall Street high-flyer Bernie Madoff are burning up the cash almost as fast as they can recover it, a new report on his websi

Dewey files for Chapter 11 - biggest US law firm collapse

Dewey had warned employees earlier this month of the possibility the firm may shut down, and a person familiar with the matter had told Reuters that the firm was considering a bankruptcy filing.

Whistleblower Earns $14 Million Reward in Case against Bank of America

But thanks in part to a courageous whistleblower, former Brown & Williamson executive Jeffrey Wigand, Big Tobacco finally had its day of reckoning, and eventually agreed to an omnibus settlement of $206 billion – the largest settlement ever at t

SEC halts fraudulent investment scheme by New York-based fund manager

The SEC alleges that since at least November 2011, Jason J Konior and his firms raised approximately USD11 million by selling investors limited partnership interests in Absolute Fund LP, an investment vehicle that Konior claimed had USD220 million in trad

Deutsche Bank's Anshu Jain will inherit compensation, fraud charges

The largest German bank is facing numerous charges of defrauding its customers and contributing to the US housing market bubble by marketing complex mortgage and financial products that concealed the risks involved.

RBS faces $100m action after trader caught lying

A judge found RBS’s main witness, Mr Griffiths, had “unclean hands” that were “relevantly grimy”.

SEC Sues Hedge Fund Execs for Ponzi Scam

The Securities and Exchange Commission has charged two individuals who provided the biggest influx of investor funds into one of the largest-ever Ponzi schemes in South Florida.

Ex-Ameriprise Hedge Fund Manager Pleads Guilty In Yahoo! Insider Case

Shah also pleaded guilty to one count of securities fraud.

Rajaratnam Prosecutor Joins Gibson Dunn

Another member of the team that prosecuted Raj Rajaratnam in the largest-ever insider trading case is heading to private practice.

JPMorgan Chase To Be Haunted By Change In Its Risk Measurements

The move, which allowed the bank to disguise the level of risk that the CIO was taking in its trading, could become a major focal point of investigations by the U.S. Securities and Exchange Commission and the FBI, for mer regulators said.

Former Baker & McKenzie Lawyer Pleads Guilty to Money Laundering

He was indicted in 2007 and accused of conspiring with officers at two companies, Xybernaut Corp and Ramp Corp, to commit a $55 million stock-fraud scheme.

SEC charges former Napfa chairman with defrauding clients

The SEC alleges that Spangler, 57, who was Napfa chairman in 1998, funneled the money into these private ventures despite telling clients that he would invest primarily in publicly traded securities.

JPMorgan's Dimon says will testify before Congress

U.S. Senate Banking Committee Chairman Tim Johnson said in a statement on Thursday that his panel will invite Dimon to appear before Congress.

SEC Probes Role of Hedge Fund in CDOs

If the SEC were to file civil charges, it would be its first enforcement action against hedge funds related to CDOs

BofA tells judge MBIA split must be annulled

Robert Giuffra, a lawyer for Bank of America Corp and Societe Generale, made the argument in his opening statement in a case the banks brought against MBIA and the state insurance department to overturn the 2009 restructuring.

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