Tag Archives: accounting-practices


French Trader Detained After Losing $1 Billion

November 3, 2008 : Permalink

New York (HedgeCo.Net) – French officials have arrested a trader who allegedly lost more than $1 billion in complex derivative trades.  Boris Picano-Nacci of mutual bank Caisse d’Epargne was taken in for questioning last week, days after the loss forced […]

Gupta removed as InfoGROUP chairman

July 23, 2008 : Permalink

Miami Herald- Database provider InfoGROUP Inc. said Tuesday it has removed founder Vin Gupta as chairman, citing excessive corporate expenditures and expense reimbursements. The changes are the result of an internal investigation, which came in response to an ongoing Securities […]