By Emma-Victoria Farr LONDON – Credit Suisse has hired a senior Oliver Wyman adviser as vice chairman of investment banking and capital markets, according to a memo seen by Reuters. …
Tag:
Investment
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Business News
Insurer MetLife’s quarterly profit beats on higher investment gains
by Reutersby Reuters– MetLife Inc’s fourth-quarter profit rose nearly 7% to surpass Wall Street estimates on Wednesday, as strong investment gains cushioned the hit from higher pandemic-related claims in some parts of …
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Department of Justice Press Releases
Middleboro Financial Advisor Charged in Superseding Indictment with Investment Adviser Fraud and Money Laundering
by DOJ Pressby DOJ PressBOSTON – A Middleboro financial advisor has been charged in a superseding indictment in connection with defrauding his elderly clients and stealing the victims’ retirement assets. Paul R. McGonigle, 67, …
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Department of Justice Press Releases
British Citizen Sentenced To Over 11 Years In Prison For Helping Design And Operate Fraudulent Investment Scheme Related To Co-Working Business
by DOJ Pressby DOJ PressDamian Williams, the United States Attorney for the Southern District of New York, announced today that JAMES MOORE was sentenced today to 140 months in prison for helping design and …
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Business News
U.S. public pension funds seen turning to more ‘aggressive’ investment – report
by Reutersby ReutersNEW YORK – U.S. public pension funds will likely have to switch to more aggressive investment strategies in the coming years to fill funding gaps despite assets held by sovereign …
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Business News
Hong Kong Exchange Fund’s 2021 investment income falls 27.7% y/y – HKMA
by Reutersby ReutersHONG KONG -Hong Kong’s Exchange Fund, which is used to back the Hong Kong dollar, posted investment income of HK$170.5 billion ($21.9 billion) in 2021, the Hong Kong Monetary Authority …
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US and World News
Commerce Secretary Gina Raimondo Says Chip Crisis Is ‘Extremely Urgent,’ Begs Congress To Pass Investment Bill
Secretary of Commerce Gina Raimondo issued a report Tuesday highlighting the dire state of the ongoing semiconductor shortage in the U.S. and urged lawmakers to pass legislation funding domestic chip …
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Department of Justice Press Releases
Arizona Man Pleads Guilty to Role in Investment Fraud Scheme
by DOJ Pressby DOJ PressPORTLAND, Maine: An Arizona man pleaded guilty in federal court today to conspiring to commit wire fraud, U.S. Attorney Darcie N. McElwee announced. According to court records, in 2017 and …
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US and World News
Germany cries foul over nuclear energy in EU’s green investment rule book
by Reutersby ReutersBy Michael Nienaber BERLIN – German Chancellor Olaf Scholz’s three-party coalition government has voiced its objections to a European Union draft plan to label nuclear power plants as a sustainable …
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Two former Democratic congressmen contracted with a lobbying firm to advocate on behalf of South Korean businesses operating factories in North Korea, according to recent filings. Former Democratic Missouri Rep. …
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Department of Justice Press ReleasesGovernment News
Former Westlake Investment Advisor Pleads Guilty to Stealing More Than $9.3 Million in Ponzi Scheme
by DOJ Pressby DOJ PressU.S. Attorney Bridget M. Brennan announced that Tara M. Brunst, 47, of Olmsted Falls, Ohio, pleaded guilty in federal court today to participating in an investment fraud scheme that stole …
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Department of Justice Press Releases
Covington Woman Admits to Using Fake Investment Scheme to Commit Wire Fraud
by DOJ Pressby DOJ PressNEW ORLEANS, LOUISIANA – U.S. Attorney Duane A. Evans announced that RITCHEL MOREHEAD, age 40, a resident of Covington, Louisiana, was convicted of wire fraud in connection with a fake …
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MIsc. News
US Will Put 8 Chinese Companies On Investment Blacklist For Alleged Uyghur Surveillance: REPORT
The U.S. Treasury Department will ban American investors from buying shares in eight Chinese companies linked to alleged surveillance of Uyghur Muslims. The Treasury Department will add the companies, which includes …
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Department of Justice Press Releases
San Diego Man Indicted for Multimillion-Dollar Investment Scheme
by DOJ Pressby DOJ PressAssistant U. S. Attorney Andrew J. Galvin (619) 546-9721 NEWS RELEASE SUMMARY – December 14, 2021 SAN DIEGO – A indictment unsealed today charges San Diego resident Denny Bhakta with …
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Department of Justice Press Releases
Pueblo Cattle Investment Operator Sentenced to Federal Prison for Wire Fraud and Money Laundering
by DOJ Pressby DOJ PressDENVER – The United States Attorney’s Office for the District of Colorado announces that Richard K. Sears, 73, of Pueblo was sentenced to serve 41 months in prison for his …
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Department of Justice Press ReleasesGovernment News
Cheshire Investment Advisor Sentenced to 30 Months for Stealing More Than $600K from Elderly Client
by DOJ Pressby DOJ PressLeonard C Boyle, Acting United States Attorney for the District of Connecticut, announced that MATTHEW O. CLASON, 40, of Cheshire, was sentenced today by U.S. District Judge Michael P. Shea …
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Department of Justice Press Releases
Founder of Investment Advisory Firm Charged with Wire Fraud, Investment Adviser Fraud and Money Laundering
by DOJ Pressby DOJ PressAn indictment was unsealed today in federal court in Central Islip charging Jeffrey Slothower, a former registered investment adviser and founder of the New York investment advisory firm Battery Private, …
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Department of Justice Press Releases
CEO Of Purported Global Biomedical Company Charged With Stealing Over $1 Million Of Victim’s Money Through False Promises Of Investment Opportunities
by DOJ Pressby DOJ PressDamian Williams, the United States Attorney for the Southern District of New York, and Ricky J. Patel, the Acting Special Agent-in-Charge of the New York Field Office of the Department …
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New Jersey NewsNorth Jersey NewsPolice Blotter
$12 Million in Grant Funding to Reduce Gun Violence and Support Victims Announced
TRENTON – Acting Attorney General Andrew J. Bruck today announced that the Department of Law & Public Safety is making available $12 million in grant funding to reduce gun violence and …
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Department of Justice Press Releases
West Linn Man Sentenced to Federal Prison for Role in Real Estate, Agriculture, and Mining Investment Schemes
by DOJ Pressby DOJ PressPORTLAND, Ore.—A West Linn, Oregon man was sentenced to federal prison today for posing as a successful real estate developer, hemp seed cultivator, and owner of a precious metals mining …
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Department of Justice Press ReleasesGovernment News
White Plains Investment Adviser Sentenced To 63 Months In Federal Prison For Embezzlement
by DOJ Pressby DOJ PressDamian Williams, the United States Attorney for the Southern District of New York, announced that GREGG BRIE, an investment adviser in White Plains, New York, was sentenced yesterday in White …
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Department of Justice Press Releases
South Bay Man Sentenced to Over 8 Years in Prison for Movie Investment Scam and for Fraudulently Selling House Bought with Illicit Proceeds
by DOJ Pressby DOJ PressLOS ANGELES – A South Bay man was sentenced today to 97 months in federal prison for defrauding Asian investment firms out of $14 million by falsely claiming the …
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Department of Justice Press ReleasesGovernment News
Owner Of Crowdfunding Real Estate Investment Company Sentenced To Federal Prison For Mail Fraud
by DOJ Pressby DOJ PressJacksonville, Florida – U.S. District Judge Timothy J. Corrigan has sentenced Daniel Summers (69, St. Augustine) to 21 months in federal prison for mail fraud. As part of his sentence, …
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Department of Justice Press ReleasesGovernment News
Owner And Principal Of Investment Fund Sentenced To Three Years In Prison For Insider Trading And Investment Fraud
by DOJ Pressby DOJ PressDamian Williams, the United States Attorney for the Southern District of New York, announced today that DONALD BLAKSTAD, the owner and principal of a California-based investment fund, was sentenced today …
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Department of Justice Press Releases
California Attorney Pleads Guilty To Multimillion-Dollar Investment Fraud Scheme
by DOJ Pressby DOJ PressDamian Williams, the United States Attorney for the Southern District of New York, announced that DEREK JONES, an attorney currently suspended from practicing law in California, pled guilty today to …