FBI news from FierceFinance
News
Stanford faces criminal charges
We haven't seen a lot criminal charges in the still-unfolding financial crisis, but that might be changing. A criminal indictment unsealed in Houston, Texas, charges Allen Stanford committed a host... Read more...
Not all hedge funds are what they appear to be
At a time like this, given everything that is going on, institutions have to be extra careful when it comes to due diligence of hedge or any kind of fund. Bernard Madoff's fund certainly wasn't what... Read more...
Madoff scandal siphons investigative resources
Just how big a deal is the Barnard Madoff scandal? It seems it is starting to pressure already scarce resources at the FBI. Bloomberg reports that the FBI has been forced to shift resources from... Read more...
Wall Street firms dodge a bullet
The Washington Post reports that the Justice Department has decided it will not seek indictments against Wall Street firms, concentrating instead on individuals. So it seems unlikely that we'll see... Read more...
Illinois to sue Countrywide; tip of iceberg?
We've noted before that prosecutions and regulatory action always follow scandals. So the news that the state of Illinois will sue Countrywide and its CEO Angelo Mozilo come as no surprise. You can... Read more...
A turning point for investment banks
We've wondered a lot over the past year about what's next for Wall Street, as in what's the next big thing? The subprime boom, as it continues to wind down, will not reflate anytime soon. We have to... Read more...
ALSO NOTED: Does Lehman move suggest bigger equity derivative losses?;Lenders pressure Carlyle fund more; and much more...
Company News: > Thornburg restate 2007 loss. Article... Read more...
