Tag Archives: chatman
Texas Money Manager Charged with $8 Billion Fraud
New York (HedgeCo.Net) – The Securities and Exchange Commission charged Texas businessman Robert Allen Stanford yesterday along with three of his companies for running a fraudulent $8 billion investment scheme. "We are alleging a fraud of shocking magnitude that has […]
Wachovia to Buy Back Auction Rate Securities from Clients
New York (HedgeCo.Net) – Wachovia customers who invested in auction rate securities prior to their collapse will most likely get their money back. The SEC announced a settlement yesterday with Wachovia Securities that will provide $7 billion in liquidity to […]
