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Andrew Cuomo
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Eric Schneiderman: Folk hero
Eric Schneiderman, the AG of New York, has found himself become something of folk hero among the get-tough-on-banks crowd for his principled stand when it comes to negotiating a settlement with banks over their foreclosure practices.
Schneiderman has been kicked of the executive committee of t
Ernst & Young charged, other suits coming?
As expected, New York State attorney general Andrew Cuomo filed civil fraud charges against big audit firm Ernst & Young. The suit seeks $150 million, which prosecutors say represents the value of ill-gotten fees generated by its client Lehman Brothers.
The main issue is Ernst & Young'
Is the noose tightening around Steven Rattner?
The war pitting New York Attorney General Andrew Cuomo against socialite financier Steven Rattner is heating up. The latest is that Cuomo just won a guilty plea from pension fund "consultant" Henry "Hank" Morris, who admitted he used his position of influence with Alan Hevesi, former New York comp
More subpoenas for tarnished golden-boy Steven Rattner
Is Steven Rattner's fall from grace about over? The SEC has apparently reached a tentative settlement with the founder of Quadrangle and big-time New York socialite, one that bans him from the securities industry for more than one year and requires a payment of $6 million. This deal has not been a
Ex-Bank of America CEO Ken Lewis to stand trial?
Will former Bank of America CEO Ken Lewis ( Ken Lewis news), who left the bank in disgrace in the wake of allegations of impropriety around the bank's purchase of Merrill Lynch, ever be put on trial? It's still a possibility. The Attorney General of New York has not given up his cases against L
The next sheriff of Wall Street
Andrew Cuomo ( Andrew Cuomo news), as you know, is running for governor. And the race to succeed him as attorney general of New York is heating up. The problem is that you probably haven't heard of any of the top contestants. Kathleen Rice, a suburban district attorney, leads the Democratic fie
Andrew Cuomo targets mortgage companies
We've noted before that fraud ( fraud news) and the mortgage industry seem to fit like a hand and a tailored glove. The New York Attorney General Andrew Cuomo ( Andrew Cuomo news) has sent out 210 cease and desist letters recently. The last 31 went out this week.
The alleged improprietie
New York attorney general looks at credit rating agencies
Is Andrew Cuomo ( Andrew Cuomo news) bent on further reform of the credit rating process? The New York Times reports that the New York attorney general has initiated an investigation of eight banks with an eye on determining whether they provided misleading information to rating agencies. T
Hedge fund charged as part of Madoff fraud
The Bernard Madoff ( Bernard Madoff news) dominoes continue to fall. Andrew Cuomo, New York attorney general, has just sued Ivy Asset Management, a unit of BNY Mellon ( NYSE: BK ), charging that it discovered a decade ago that Bernard Madoff was running a fraudulent asset management firm but
Steven Rattner criticized as "unethical" by Quadrangle, probe continues
Steven Rattner is a big name in New York financial, media, political and social circles--the consummate insider. His career has been nothing short of phenomenal, but he's just been dealt a rare career setback, one that begs the question: Will he face some sort of enforcement action?
Recall he
