A U.S. money manager who helped start a financial plotting firm has been arrested on charges of defrauding clients of millions of dollars by stealing from their accounts, authorities said Wednesday.NEW YORK – A U.S. money manager who helped start a financial plotting firm has been arrested on charges of defrauding clients of millions of dollars by stealing from their accounts, authorities said Wednesday.
Posts Tagged ‘Irregularities’
U.S. Financial Planner Arrested on Fraud Charges
June 13th, 2009 
Before You Invest 
Posted in Finance Fraud 
Tags: 6 Million, Authorities, Client Accounts, Criminal Complaint, Email, Financial Fraud, Financial Planner, Financial Planning Firm, Financial Writer, Fraud Charges, Investor Funds, Irregularities, Money Manager, Natick Massachusetts, New York Times, Personal Use, Ron Lieber, Securities Fraud, Wealth Advisors, Wire Fraud 
No Comments »Police raided the headquarters of Anglo Irish Bank in Dublin yesterday morning
February 25th, 2009 Before You Invest Countdown to raid on Anglo:May 2007 Anglo Irish Bank’s shares peak at more than €17 each July 2008 A so-called “golden circle” of ten investors secretly buys a 10 per cent stake in the bank September 30 Government unveils a €400 billion guarantee scheme for six banks, including Anglo Irish December 18 Sean FitzPatrick, the chairman, resigns and admits he hid more than €80 million in secret loans from shareholders Decemeber 19 David Drumm, the chief executive, resigns December 21 Government recapitalises Anglo with €1.5 billion December 29 Shares plummet to 12 cents January 15, 2009 The Government is forced to nationalise Anglo January 16 Shareholders call for the board to be sacked January 19 Five board members resign February 10 Irish Life & Permanent’s €7 billion deposit to boost Anglo’s balance sheet is revealed February 20 Donal O’Connor, the new executive chairman, reveals that it gave loans worth €451 million to ten customers last year to buy shares in the bank.
Posted in Finance Fraud Tags: Anglo Irish Bank, Balance Sheet, Board Members, Corporate Scandals, David Drumm, December 29, Director Of Corporate Enforcement, Donal, Economic Woes, Executive Chairman, Guarantee Scheme, Irish Life, Irish Republic, Irregularities, O Connor, Office Of The Director Of Corporate Enforcement, Police Officers, SeáN Fitzpatrick, Stock Market, Yesterday Morning No Comments »
