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Turkish bond scam diverted funds to "cryogenics, porn"

Thu 11/03/10 - 03:16:50 vs6
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An Illinois estate-planning firm raised more than $20 million for Turkish Eurobond investments, then diverted money to a stamp collection, Internet pornography and cryogenically frozen umbilical cords, U.S. regulators said. USA Retirement Management Services, which also has offices in
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Tags : smh.com.au, Exchange, Eurobond, Euro, EAD, Commission, bloomberg, assets, federal court judge, managing partners, umbilical cords, stamp collection, luxury cars, regulators, investments, vacations, money

Chartwell: Graeme Ronald Hoy ordered to stand trial

Wed 10/03/10 - 07:33:49 vs6
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The director of a Victorian investment company that collapsed owing millions to investors has been ordered to stand trial on fraud-related charges. Graeme Ronald Hoy pleaded not guilty on Wednesday to charges including obtaining property or financial advantage by deception and dishonestly
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Tags : smh.com.au, black swan, financial advantage, company director, company secretary, committal, investment company, rau, staff member, record keeping, swan, investments, fraud, investors

U.K. Banks Face Cuts to Ratings as Aid Withdrawn, Moody’s Says

Tue 09/03/10 - 05:13:59 vs6
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“There may be some institutions that have not sufficiently improved the standalone strength to offset the phasing out of extraordinary systemic support and their senior debt and deposit ratings of these institutions could be downgraded,” Moody’s said in a report published today. The
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Tags : bloomberg.com, Short, title.Rating, Quote, title.Banks, assets, Ask, credit crisis, case assessment, macaskill, senior debt, menon, government support, financial stability, trillion, credit rating, probability, losses, investments, institutions, banks, failure

U.K. Banks Face Cuts to Ratings as Aid Withdrawn, Moody’s Says - Bloomberg.com

Tue 09/03/10 - 04:34:43 vs6
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“There may be some institutions that have not sufficiently improved the standalone strength to offset the phasing out of extraordinary systemic support and their senior debt and deposit ratings of these institutions could be downgraded,” Moody’s said in a report published today. The U.K.
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Tags : bloomberg.com, Short, title.Rating, Quote, title.Bloomberg, title.Banks, assets, Ask, credit crisis, case assessment, macaskill, senior debt, menon, government support, financial stability, trillion, credit rating, probability, losses, investments, institutions, banks, failure

Icelandic economy shrinks by record 6.5%

Fri 05/03/10 - 08:34:12 vs6
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AFP The crisis-stricken Icelandic economy shrank by a record 6.5 percent in 2009, having grown by 1.0 per cent in 2008 and 6.0 percent in 2007, official data showed. "The present figures show that gross domestic product (GDP) decreased by 6.5 percent in real terms, a record in the
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Tags : news.smh.com.au, RON, gdp, national statistics agency, household consumption, government consumption, domestic expenditure, provisional figures, capital formation, financial sector, gross domestic product, plunge, liabilities, decline, investments, banks, title.economy, economy