To say the least, Preet Bharara, the now-former U.S. Attorney for the Southern District of New York, had a tough weekend. As reported by major media outlets, the Trump administration via Attorney General Jeffrey Sessions on Friday asked 46, Obama-appointed federal prosecutors to resign. Among those on the list was Bharara, who pushed back and… Read More >>
Should the Victims of Hackers Speak Out?
The shocking story that seven hackers in Iran with the help of their government could launch cyber-attacks against 46 U.S. financial services firms and two exchanges got about 30 seconds of attention in the U.S. media, overshadowed by the idiocy of the U.S. presidential campaign, and then justifiably by the heartbreak of recent terrorist attacks… Read More >>
Deutsche Bank Faces $190M Lawsuit for Alleged Shell Game
The U.S. government is charging that Deutsche Bank and its implicated entities took part in an elaborate shell game, dating back to the fall of 1999, and is asking the German bank to pay $190 million in taxes, penalties, and interest “owed to the United States taxpayers.” Deutsche Bank, however, intends to challenge the lawsuit… Read More >>
Watchdogs: Wayward Firms to Face More Record Fines
After a year of record-breaking fines that has left financial services firms reeling and their investors anxious about what the future may hold, regulators and prosecutors alike say wayward firms can expect more of the same – and worse – going forward. “The next time one of these institutions engages in misconduct, I think they… Read More >>
