Posts tagged as: SEC

No Trace of Madoff Trades in 13 Years

No Trace of Madoff Trades in 13 Years

By Carlyn Kolker, Thom Weidlich and Oshrat Carmiel Feb. 20 (Bloomberg) — Bernard Madoff, who sent his clients thousands of receipts purporting to document their trades, has left no trace of buying any securities for customers for as much as 13 years, the trustee liquidating his securities firm said. “We have found no evidence to [...]

Allen Stanford charged with fraud in USA

Allen Stanford charged with fraud in USA

Antigua-based billionaire Allen Stanford has been charged with fraud by US authorities according to the Reuters agency. The Securities and Exchange Commission (SEC) said that it was “alleging a fraud of shocking magnitude”. Linda Chatman Thomsen, director of the SEC’s division of enforcement, said: “As we allege in our complaint, Stanford and the close circle [...]

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