investment adviser

Ponzi schemer Kenneth Starr sentenced to seven-and-a half years in fraud case


March 3rd, 2011 - 5:43 pm ICT by ANI
Los Angeles, Mar 3(ANI): Kenneth Starr, who managed funds for high net-worth US business executives and Hollywood clients, has been sentenced to seven and a half years in prison in a ... Read more...

Posted in World |

Bernard Madoff’s son, Mark, found dead on second anniversary of father’s arrest


December 11th, 2010 - 9:50 pm ICT by BNO News
NEW YORK CITY (BNO NEWS) -- Mark Madoff, the son of disgraced financier Bernard Madoff, was found dead in his New York City home on Saturday morning, police said. It ... Read more...

Posted in World News |

Two former employees of Bernard Madoff arrested


November 19th, 2010 - 1:11 am ICT by BNO News
NEW YORK (BNO NEWS) -- Two former employees of Bernard Madoff were arrested on Thursday for their participation in Madoff's fraud scheme, the largest financial fraud in history, prosecutors said.Annette Bongiorno, 62, ... Read more...

Posted in Business |

New York mayor names Indian American for pension oversight


August 3rd, 2010 - 2:52 pm ICT by IANS
By Arun Kumar Washington, Aug 3 (IANS) Concerned over New York's spiralling pension costs, Mayor Michael Bloomberg has tapped Ranji Nagaswami, an Indian American finance expert, as the city's first ever chief investment ... Read more...

Posted in Business |

Celebrity Investment Adviser Kenneth Starr Arrested in $30M Fraud


May 28th, 2010 - 1:44 am ICT by Angela Kaye Mason
May 27 (THAINDIAN NEWS) A 65 year old investment adviser to the stars has been arrested and charged with fraud by pulling yet another Ponzi scheme, this one worth 30 million dollars. ... Read more...

Posted in Entertainment |

PA investment manager charged in multi-million dollar Ponzi scheme


April 5th, 2010 - 5:41 pm ICT by admin
By Michael van Poppel PHILADELPHIA, PENNSYLVANIA (THAINDIAN NEWS) -- A PA investment manager was charged with running a multi-million dollar Ponzi scheme, prosecutors with the U.S. Attorney's Office said.Donald Anthony Young, 38, was ... Read more...

Posted in Business |

Kiwi banker steals $18m from customers, spends $3.4m on prostitutes!


March 18th, 2010 - 5:54 pm ICT by ANI
Wellington, Mar 18 (ANI): A former ASB banker is said to have stolen 18 million dollars from customers and spent 3.4 million dollars of it on prostitutes.Stephen Gerard Versalko, 52, who is ... Read more...

Posted in World |

Indian-American gets 10-year jail for $12.5 mn fraud


May 14th, 2009 - 10:50 am ICT by IANS
By Arun Kumar Washington, May 14 (IANS) An Indian-American investment adviser has been sentenced to 10 years in prison following his conviction on 20 counts of fraud with a scheme that bilked 15 ... Read more...

Posted in World |

Madoff Guilty of Fraud


March 11th, 2009 - 11:55 pm ICT by GD
Bernard L. Madoff, the financier accused of causing the biggest Ponzi fraud of all times is to plead guilty to charges that could land him in prison for life. During the ... Read more...

Posted in Business |

Madoffs investment fund may never have traded


January 17th, 2009 - 6:13 pm ICT by ANI
London, January 17 (ANI): Investment fund managed by Bernard Madoff, the prime accused of a 50 billion dollar investment fraud, may never have carried trade transactions.The Wall Street fund manager, the ... Read more...

Posted in World |

Many NRIs think of return, but prospects here no brighter


November 2nd, 2008 - 11:55 am ICT by IANS
New Delhi, Nov 2 (IANS) Ajit Singh, an investment adviser in Boston working for one of Europe's largest commercial banks, had it all good a year ago. Engaged to be married later ... Read more...

Posted in Sports |

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