NJ couple indicted in $2.3M Ponzi scheme used investor money to buy mansion
TRENTON, N.J. — A Middlesex County couple has been indicted by a state grand jury for allegedly orchestrating a Ponzi-style fraud that siphoned more than $2 million from investors through false promises…
Activist investor Alta Fox pushes to replace Hasbro chairman
(Reuters) – Alta Fox Capital Management LLC is seeking to oust Hasbro Inc’s chairman and two other directors, as the activist investor pushes for changes at the toymaker including a spin-off of…
Generali investor Benetton to vote for alternative CEO candidate – paper
ROME – Italy’s Benetton family, a shareholder in insurer Generali, has decided to vote for the slate of candidates submitted by a challenger investor and not in favour of current management, daily…
Deutsche Bank investor Capital Group sells most of big stake – Filing
FRANKFURT – U.S. investor Capital Group sold most of its 5.2% stake in Deutsche Bank, according to a disclosure on Thursday. The filing makes official the name of the seller, which Reuters…
German investor morale dips in April, inflation expectations ease
BERLIN – German investor sentiment fell by less than expected in April, a survey showed on Tuesday, as a decline in inflation expectations gave some cause for hope about the outlook for…
German investor Kuehne boosts stake in Lufthansa to 10%
ZURICH – German logistics entrepreneur Klaus-Michael Kuehne has increased his stake in Germany’s flag carrier Lufthansa to 10%, Kuehne Holding AG said in a statement on Monday. Kuehne, 84, had earlier boosted…
Euro zone investor morale slumps to lowest level since July 2020
BERLIN – Investor morale in the euro zone fell to its lowest level in nearly two years in April, a survey showed on Monday, pointing to the beginning of a recession in…
Lacey Investor Scammed After Allowing “Help Desk” Caller Access to Accounts
LACEY TOWNSHIP, NJ – The infamous “Help Desk” scam claimed a victim in Lacey Township last week. Police here said a resident was scammed by the help desk caller who convinced them…
Billionaire investor launches board fight at Athira, wants CEO replaced
By Svea Herbst-Bayliss BOSTON -Billionaire investor Richard (Ric) Kayne is seeking two board seats at Athira Pharma, arguing the biotech company needs a new chief executive officer to successfully guide its development…
Generali investor Del Vecchio backs Caltagirone’s plan for insurer – Bloomberg
MILAN – A strategic plan for Generali backed by rebel shareholder Francesco Gaetano Caltagirone goes in the right direction by setting up the company for growth, another of the top investors in…
Toshiba investor 3D hails shareholders’ rejection of separation plan
TOKYO – Singapore-based fund 3D Investment Partners is pleased that shareholders of Toshiba Corp rejected the Japanese conglomerate’s separation plan, the fund said on Friday. In a statement, the fund called for…
Michael Price, well-known value investor, dies at 70
NEW YORK – Well-known value investor Michael Price, who ran the firm MFP Investors has died, the firm said in a statement on Tuesday. He was 70. Price died on Monday after…
Generali investor proposes naming insurer’s Austria chief as CEO
By Stefano Bernabei ROME – A leading Generali shareholder on Tuesday proposed naming the Italian insurer’s head of Austria as its new chief executive, in a challenge to the reappointment of Philippe…
Generali struggle intensifies as investor plots own CEO candidate
By Stefano Bernabei and Gianluca Semeraro ROME – Generali’s second-biggest investor, construction tycoon Francesco Gaetano Caltagirone, plans to put forward his own candidate to lead Italy’s biggest insurer, challenging the reappointment of…
Credit Suisse faces investor call to cut lending for fossil fuels
By Simon Jessop and Brenna Hughes Neghaiwi LONDON/ZURICH – Investors managing $2.4 trillion are calling on Credit Suisse to take tougher climate action, including cutting its exposure to fossil fuel assets. “The…
Euro zone investor morale plummets in March on Ukraine crisis
FRANKFURT – Investor morale in the euro zone plunged in March in the wake of the Russian invasion of Ukraine and its implications for the global economy, a survey showed on Monday.…
Whitefish man sentenced to six years in prison for defrauding Montana investor of $2.3 million in scheme to fund fake CIA rescue missions
MISSOULA — A Whitefish man who admitted to defrauding a Montana investor of $2.3 million by falsely claiming to be a former Force Recon Marine and CIA operative who needed funds to…
Pot producer HEXO to revamp board on activist investor push
– Canadian pot producer HEXO Corp said on Tuesday it would refresh its board, effective immediately, as part of a deal with activist shareholder Adam Arviv and his fund, Kaos Capital. Earlier…
Oaktree hires Morgan Stanley to find investor in Italy’s Banca Progetto – sources
By Valentina Za, Pamela Barbaglia and Elisa Anzolin MILAN – Oaktree has hired Morgan Stanley to sell a stake in Banca Progetto in a deal that could value the challenger bank at…
BoFA investor survey: Biggest tech underweight position since Aug 2006
LONDON – Investors have ramped up their underweight tech position to its largest in more than 15 years as central bank tightening remained the top risk to global markets in 2022, according…
South Florida Man Sentenced to 7 Years in Federal Prison for Multi-Million Dollar Investment Scam Targeting the Elderly, and Spending Investor Money on Gambling, Jewelry, and Luxury Vehicles
Miami, Florida – Yesterday, a federal district judge in Fort Lauderdale sentenced Isaac Grossman, 47, of Parkland, Florida, to 87 months in federal prison for directing an elder fraud scheme in which…
Shares in Volkswagen and its top investor rise on Porsche listing hopes
FRANKFURT – Hopes for more clarity around a possible listing of Volkswagen’s luxury Porsche AG division lifted shares in Europe’s largest carmaker and its top shareholder on Wednesday, traders said. Volkswagen shares…
Disney names Alexia Quadrani to lead investor relations
– Walt Disney Co has named Alexia Quadrani, a former analyst for JP Morgan & Chase Co’s media equity research group, as senior vice president of investor relations, reporting to Chief Financial…
De La Rue activist investor calls for sale or break-up of banknote printer – FT
– Crystal Amber Fund, one of De La Rue’s largest investors, has called on the British banknote printer to consider a sale or break-up after its profit warning, the Financial Times reported…
Instagram star Chiara Ferragni seeks investor to expand abroad
By Elisa Anzolin MILAN – Italian Instagram star Chiara Ferragni has mandated BNP Paribas to find a new investor to help grow her fashion brand internationally, one of her financial backers said…
Theranos Founder Elizabeth Holmes Found Guilty Of Investor Fraud
SAN JOSE – A jury found Elizabeth A. Holmes guilty of one count of conspiracy and three counts of wire fraud in connection with a multi-million-dollar scheme to defraud investors in Theranos,…
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