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Seattle bankruptcy trustee sues CEO of mortgage lender MILA (Puget Sound Business Journal)
The bankruptcy trustee of failed mortgage lender MILA has filed suit against its chief executive, alleging that he “looted” the company for personal gain for two years before it shuttered.
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A Con Game In Pinstripes (Washington Post)
We're entering that exciting phase of any financial crisis when the lawsuits come fast and furious, criminal charges are lodged, and Wall Street firms agree to pay hundreds of millions of dollars for having snookered their customers once again.
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Banks borrow more from Fed; Wall Street takes pass (Washington Post)
WASHINGTON -- Banks borrowed more over the past week from the Federal Reserve's emergency lending program, while Wall Street firms took a pass for the fifth week in a row.
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Construction contractor files for bankruptcy (Red Bluff Daily News)
SACRAMENTO—A construction contractor whose company is frequently tapped to do work for the state has filed for personal bankruptcy. C.C. Myers filed for Chapter 7 bankruptcy protection nine months after Wachovia Bank said he defaulted on a $65 million personal loan for an Auburn development.
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Zacks Industry Rank Analysis Highlights: Capital One, Fannie Mae, Lehman Brothers, Pulte Homes and Toll Brothers (Centre Daily Times)
Zacks.com releases the latest Zacks Industry Rank. Stocks featured in this week's analysis includes Capital One (NYSE: COF), Fannie Mae (NYSE: FNM), Lehman Brothers (NYSE: LEH), Pulte Homes (NYSE: PHM) and Toll Brothers (NYSE: TOL). To see the Zacks Industry Rank and the trend in earnings estimates revisions for more than 200 industry groups, visit http://at.zacks.com/?id=3154.
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Former John Lewis director says she did not commit fraud (Quad-City Times)
Former John Lewis Community Services director Kate Ridge told police she was in over her head during the last seven years of her tenure as she tried to run the agency that announced last week that it will close Sept. 21.
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Zacks Industry Rank Analysis Highlights: Capital One, Fannie Mae, Lehman Brothers, Pulte Homes and Toll Brothers (Business Wire via Yahoo! Finance)
CHICAGO----Zacks.com releases the latest Zacks Industry Rank. Stocks featured in this week’s analysis includes Capital One , Fannie Mae , Lehman Brothers , Pulte Homes and Toll Brothers .
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Tips for a Clean Oil Change (Liberty County Times)
(ARA) - An estimated 185 million gallons of used motor oil is improperly disposed of each year in the United States -- dumped on the ground, tossed in the trash or poured down storm sewers and drains. An old adage states clearly that oil and water don't mix.
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Financial adviser charged in swindle (The Barre Montpelier Times Argus)
BENNINGTON -- A former investment adviser could be sentenced to up to 20 years in prison if convicted on charges that he embezzled more than $100,000 from a client who was suffering from terminal cancer. ... - By PATRICK McARDLE Herald Staff
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Local man charged with embezzlement (Bennington Banner)
BENNINGTON — A local financial advisor was arraigned in Bennington District Court on Tuesday on charges he embezzled more than $100,000 of a client's money.
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