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A little drug money laundering at Wachovia?
The Feds are looking into whether drug money was laundered by Wachovia (NYSE: WB). The investigation is "part of a broad probe of alleged laundering of drug proceeds by Mexican and Colombian money-transfer companies," according to The Wall Street ...
HealthSouth to reimburse activist investors for expenses
If you had told me in 2003 that HealthSouth Corp. (NYSE: HLS) would become a shining beacon of good corporate governance, I would have laughed. That was when former chairman and CEO Richard Scrushy was charged with securities fraud by the SEC. In ...
Former Enron exec set free
All it takes is a little patience. F. Scott Yeager, a former Enron executive, got some good news from the 5th Circuit Court of Appeals in New Orleans, which ruled that it wouldn't revisit his case. So, he no longer has criminal charges related to ...
Why E*Trade shareholders should worry about the $1 million SEC fine
E*Trade (NASDAQ: ETFC) was fined $1 million by the Securities and Exchange Commission for failing to comply with federal anti-money laundering laws. The company, which did not admit guilt in the enforcement action, will pay an even steeper price over ...
Companies that vanished: E.F. Hutton -- who's listening now?
This post is part of a series on some of the most memorable companies that have disappeared.
"When E.F. Hutton talks, people listen," claimed the well-known slogan from the respected broker's ubiquitous ads in the 1970s and 1980s. Well, it seems ...
'Natural male enhancement' founder gets enhanced prison sentence
Oh, if I had never seen those obnoxious "Smiling Bob" commercials... It's the weirdest thing; it's like we never grew out of those days when peddlers went from town to town selling one bogus potion or another. Somehow, despite regulations and laws, ...
Former Refco CEO pleads guilty -- could spend life in jail
The 2005 collapse of Refco, one of the largest commodities brokers in the world, was fast and furious. One day it was a high-flying IPO perfect for those who missed out on the CME Group (NYSE: CME) run-up (that ended up continuing). Then it went ...
Donald Trump pairs up with ex-con for real estate deals
Today's New York Times reports on the checkered past of one Felix H. Sater: At 24 he was a successful Wall Street broker, at 27 he was in prison after a bloody bar fight, and at 32 he was accused of conspiring with the Mafia to launder money and ...
Book Review: Jordan Belfort's The Wolf of Wall Street
Jordan Belfort was the king of pump-and-dumps during the 1990's, presiding over Stratton Oakmont, a real life version of Boiler Room's J.T. Marlin. He was earning millions of dollars each month, doing enormous quantities of cocaine and a drug called ...
Earthlink (ELNK): Why-Fi?
Frequently, the difference between a successful investor and one less so is all timing. Making money in the market requires not only picking the right companies to invest in, but also deciding when (or when not) to invest in such companies.
I ...
Today in Money & Finance - 6/12 - 5-star stocks in bargain bin, automatic payment pitfalls & calendar of deals
In the News:
· Apple Launches Safari Browser for PC Users; Will Challenge Explorer and Firefox
· Ford Hiring Bankers to Explore Options for Jaguar, Land Rover & Volvo
· Supreme Court Rules Against Philip Morris
· ...
Richest Americans, savers to feel pinch of rate cut & best values in clean cars - Today in Money 9/21
In the News:
· UAW Rejects Retiree Health Care Proposal
· Gas Prices May Surge in the Coming Weeks
· Oracle Profit Jumps 25%
· Canadian Dollar Reaches Parity With US Dollar For First Time Since 1976
· Mattel ...
Companies that vanished: Zzzz Best -- if it looks too good to be true ...
This post is part of a series on some of the most memorable companies that have disappeared.
In the mid-1980s, Barry Minkow was the toast of Wall Street. His Zzzz Best Carpet Cleaning company, which he started in his garage at age 16, was an ...
Financial Felons: Mark Whitacre
This post is part of a feature in which he wonder whatever happened to some notorious financial felons. See all 17.
How does the head of one of Archer Daniels Midland's (NYSE: ADM) fastest-growing divisions, a virtual shoo-in to be the ...
Madoff CFO pleads guilty, sentencing in May
Frank DiPascali, CFO to convicted fraudster Bernard Madoff, turned in a guilty plea yesterday, as expected. He fessed up to ten charges, including securities fraud, conspiracy, falsifying records and international money laundering. "It was all ...
Comfort Zone Investing: It's the revenues that count
Black Friday busy, but momentum may not hold
Six Thanksgiving trades for tasty profits
