BlogNetNews.com » Fraud » Dashboard « Today's Most Clicked Blogs

Wall $treet Folly: Henry Kravis has Warren Buffett envy; A year later Madoff “is the godfather, the don” behind bars; Goldman cash bonuses will make bottom line look nicer; UK hedge funds not part of supertax; Lawyers scramble to find supertax loopholes; Moody’s says

Fri, 11 Dec 2009 07:44:32 -0500

Bernie Madoff, the $19B Con, Makes New Friends Behind Bars Buyout Pioneer Kravis Aims to Remake KKR Like Buffett Goldman Sachs Bars Cash Bonus for Top Officers Goldman Sachs Stock Bonus Plan to Defer Compensation Expense UK: Revenue to clarify bonus rules UK: Lawyers search for loopholes in supertax Moody’s Analyst: No Threat To US, UK [...]

ABA Journal Top Stories: Dallas-Based Gardere Trims $20K From Associate Pay, Cuts Billables

Fri, 11 Dec 2009 07:33:45 -0500

Dallas-based Gardere Wynne Sewell announced Thursday that, effective Jan. 1, first-year pay will drop to $120,000 from $140,000. Along with the salary cut, billing expectations have also been altered at the 275-lawyer firm. New associates will now be expected to bill 1,700 hours, down from 2,000, according to a news [...]

ABA Journal Top Stories: Raised Eyebrows in Pa. as Judge, Judge-Elect Hire Wives as Secretaries

Fri, 11 Dec 2009 06:22:24 -0500

A judge and judge-elect in Montgomery County, Pa., have created a stir, but haven't broken any nepotism rules by hiring their wives to serve as their secretaries. The positions pay $52,721 a year. According to a Philadelphia Inquirer story on the hiring, Judge-elect Gary Silow hired his wife to start' [...]

ABA Journal Top Stories: 2 Judges & 1 Lawyer Win Bribery Appeals After 5th Circuit Raises New Issue

Fri, 11 Dec 2009 18:23:44 -0500

Despite an apparent pleading error by the appellants' counsel, a federal appeals court today reversed the federal program bribery convictions of two Mississippi judges and a trial lawyer. This is likely to shorten their prison sentences, although some other convictions against the three were not vacated. And they could potentially' [...]

BloggingStocks: Serious Money: Is gold an investment?

Fri, 11 Dec 2009 18:00:00 -0500

Filed under: International markets, Rants and raves, Market matters, Scandals, Personal finance, Serious Money, Commodities, Recession

The amount of nonsense I come across misleading readers, or simply providing bad advice, makes me cringe. Sometimes our own site presents such information [...]

Stock Broker Fraud Blog: Edward Jones and Merrill Lynch Brokers Like Where They Work, While UBS Representatives are the Least Happy

Fri, 11 Dec 2009 17:07:24 -0500

According to Registered Rep magazine’s latest Broker Report Card, 98% of Edward Jones brokers say their securities firm is the best place to work. 78% of Merrill Lynch brokers ranked their investment firm as the number the one workplace.

Findings were compiled from Internet surveys taken by 898 captive [...]

ABA Journal Top Stories: 62 Former Heller Ehrman Partners Agree to Pay $1.6M to Creditors

Fri, 11 Dec 2009 16:44:51 -0500

Although most senior lawyers at the now-defunct Heller Ehrman firm apparently have yet to agree to a payout to the bankrupt law firm's creditors, a group of 62 primarily junior partners has reportedly promised to ante up $1.6 million in a tentative settlement. The individual payouts aren't disclosed in yesterday's [...]

RiskMetrics Group: House Approves Financial Reform Legislation

Fri, 11 Dec 2009 16:04:23 -0500

The U.S. House of Representatives voted 223-202 today to approve the “The Wall Street Reform and Consumer Protection Act of 2009.” The wide-ranging bill includes an annual “say on pay” mandate and authorization for the SEC to issue a proxy access rule.

The bill would authorize the SEC to [...]

Daily Mortgage Fraud News: 13 charged in Oregon mortgage fraud allegations

Fri, 11 Dec 2009 15:53:55 -0500

A federal grand jury sitting in Eugene, Oregon, yesterday returned indictments against thirteen individuals on a variety of mortgage and loan fraud charges arising out of the collapse of Desert Sun Development (DSD), a company previously headquartered in Bend, Oregon. From 2004 through 2008, DSD built commercial buildings and residential [...]

ABA Journal Top Stories: Kremlin Fires Prison Head, 19 Staff, After Death of Jailed Lawyer

Fri, 11 Dec 2009 14:15:22 -0500

After an investigation into the sudden death last month of a 37-year-old Russian lawyer jailed on tax evasion charges after pointing the finger at claimed government corruption, the Kremlin has fired the head of the Moscow prison system. In a Dec. 4 decree reported by Russian media today, President Dmitry [...]