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In June 2009, the SEC sued Angelo Mozilo, former CEO of mortgage lender Countrywide Financial, and two other former officers, charging that they misled investors about the quality of Countrywide's loans while knowing the company was fueling its growth by letting its underwriting guidelines deteriorate and originating a growing number of risky subprime loans.
Terren Scott Peizer (born July 31, 1959) is an American businessperson. [4] On June 21, 2024, he was found guilty by a California federal jury of three counts of insider trading and securities fraud, following a nine-day trial.
In microcap fraud, stocks of small companies of under $250 million market capitalization are deceptively promoted, then sold to an unwary public. This type of fraud has been estimated to cost investors $1–3 billion annually. [19] Microcap fraud includes pump and dump schemes involving boiler rooms and scams on the Internet.
Nasdaq added that the figures only represent a "fraction" of the "true scope" of financial crimes from last year. "The true scale cannot be accurately measured in numbers, given how much crime ...
The name Morningstar is taken from the last sentence in Walden, a book by Henry David Thoreau; "the sun is but a morning star". [8] [9] In July 1999, Morningstar accepted an investment of US$91 million from SoftBank in return for a 20 percent stake in the company. The two companies had formed a joint venture in Japan the previous year. [9] [10]
A federal appeals court struck down Nasdaq rules designed to encourage more diverse company boards, the latest defeat for DEI policies across corporate America.The decision handed down by nine ...
Luckin Coffee was booted off the Nasdaq in 2020 after an accounting scandal. It may be on its way back to the U.S.
The Trump Organization, convicted of tax fraud, scheming to defraud, conspiracy, and falsifying business records. [9] Tyson Foods; Volkswagen, pleaded guilty to 3 criminal felonies related to its emissions scandal. [10] Waste Management, Inc; The Boeing Company, pleaded guilty to one count of conspiracy to defraud the United States. This charge ...