Recent Updates
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Receiver Says Moviemaker Defrauded Bayou Hedge Fund
Financial 09/16/2008Kroll Inc., the court-appointed receiver for the defunct Bayou Hedge Fund, sued movie producer Steven Brown, claiming he used more than $3 million that should have gone to repay Bayou's investment in a new movie. Kroll also sued the attorney who help...
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Bear Stearns Will Pay $28 Million
Financial 09/10/2008Bear Stearns and subsidiary EMC Mortgage on Tuesday agreed to pay $28 million in settlement with the Federal Trade Commission, on charges of defrauding tens of thousands of home loan customers and violating four sets of federal laws. "The companies v...
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Janus Shells Out $18 Million, on SEC Orders
Financial 08/19/2008Janus Capital Management, an investment advisor to Janus Mutual Funds, reimbursed $18 million to more than 325,000 defrauded shareholders late last week as a first step in paying back more than $100 million, as ordered by the Securities and Exchange ...