Earlier this week Trevor G. Cook, a onetime money manager charged with operating a foreign currency trading scheme, was jailed for being in contempt of court. A federal judge in Minnesota had been trying to enforce an order granted to the Securities and Exchange Commission (SEC) forcing Cook to hand over more than $35 million in assets when Cook’s unwillingness to comply landed him in jail.
Posts Tagged ‘Offshore Accounts’
Fraud Defendant Lands in Jail for Failure to Comply with Court Order
January 27th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Assets, Chicago Regional Office, Contempt Of Court, Defendant, Faberge Eggs, Federal Judge, Foreign Currency Trading, Fraud, Gillete, Investor, Luxury Cars, Money Manager, Offshore Accounts, Radio Host, Securities And Exchange, Securities And Exchange Commission, Securities Products, Selling Unregistered Securities, Shell Companies, Submarine 
Comments OffUBS and US government reach tax dispute deal
August 13th, 2009 Before You Invest UBS has reached an agreement with the US government that will result in the Swiss bank settling a dispute over tax evasion out of court.
Stuart Gibson, US justice department lawyer, said that both parties have settled on the details of a contract.
However, Mr Gibson added that it will “take a little time for the agreements to be signed in final form”.
Details of the arrangement, such as how many names of the US customers that hold offshore accounts at UBS will be revealed to the government, were not divulged.
Florida-based tax lawyer William Sharp told the Associated Press that it is unlikely that such a move would have been made without a “substantial handover” of details.
He predicted that “at least several hundred, if not thousands” of names have been supplied to the authorities.
Shares in UBS fell earlier this week due to the ongoing negotiations, but have now rebounded on the news.
Posted in Finance Fraud Tags: Authorities, Florida Lawyer, Florida Tax, Handover, Justice Department Lawyer, Little Time, Many Names, Mr Gibson, Negotiations, Offshore Accounts, Shares, Stuart Gibson, Swiss Bank, Tax Dispute, Tax Evasion, Tax Lawyer, Ubs, Us Justice Department, William Sharp No Comments »Satyam Computer Services,Indias Enron Satyam’s chairman, Ramalinga Raju arrested
January 10th, 2009 Before You Invest Satyam Computer Services, an outsourcing company that serves more than a third of the Fortune 500, had been significantly inflating its earnings and assets for years. According to the Satyam’s chairman, Ramalinga Raju, more than $1 billion in cash and bank loans the company listed in assets were simply nonexistent.
Posted in Finance Fraud Tags: American Spirit, Bank Loans, Ceos, College Savings, Enron Collapse, Exploits, Felonies, Fortune 500, Frauds, General Electric, General Motors, Indias, Madoff, Offshore Accounts, Outsourcing Company, Quality Of Service, Ramalinga, Satyam Computer Services, Slap In The Face, White Collar Crime Comments Off
