The details of a $100 million mortgage fraud scheme involving the indictment of 13 people and an as-yet unnamed mortgage origination company are expected to be released later today by the Manhattan District Attorney's Office in New York.
Ross Mandell, chief executive of Sky Capital Holdings Ltd. of New York, and five other individuals turned themselves in to the FBI this morning and will be charged with securities fraud, according to published reports.
Roger W. Crandall has been named chief executive of Massachusetts Mutual Life Insurance Co. of Springfield.
A “mockumentary” film to be released on DVD this month takes on Ponzi schemes, multilevel marketing scams and “the get-rich-quick mindset that nearly bankrupted America,” according to its official website.
Bank of America Corp of Charlotte, N.C. has joined the ever-growing list of firms that are being required to repay investors who bought auction rate securities.
ING Investment Management Americas of Hartford, Conn., has hired Jonathan Golub for the newly created position of chief market strategist.
The Securities and Exchange Commission today named George S. Canellos director of its New York Regional Office, overseeing enforcement and examination operations.
National Football League veteran Wayne Chrebet, 36, has been hired as a financial adviser for The Moldaver Group, one of Morgan Stanley's wealth management groups, the latter announced today.
