• NY - $11 Billion fraud affirmed In the lawsuit against Zurich-based Credit Suisse, for intentional fraud by the bank are made in the lawsuit.
• Credit Suisse agreed upon a settlement over charges levied against it by bond investors in National Century Financial Enterprises in lawsuits filed in the U.S. District Court, Southern District of New York. The note holders have accused the bank of raising money for the healthcare financial company, which went bankrupt. The settlement demands $400 million from Credit Suisse.
• Credit Suisse settles lawsuit ... The accord resolves claims against Credit Suisse over $16.6 billion of fraudulent securities sold.
• $24 Billion Lawsuit Filed Against Credit Suisse by ACA Customers.
and material misrepresentations. To suggest that Credit Suisse is anything other than an “organized criminal enterprise” would be blatantly ludicrous. QUICK SHORT-LIST: Credit Suisse Criminal Activity
• Swiss bank Credit Suisse says it will pay $885 million to settle lawsuits over securities sold to U.S. government-controlled mortgage finance companies Fannie Mae and Freddie Mac.
• Credit Suisse has increased the funds it has set aside to settle a U.S. tax dispute and avoid prosecution for helping wealthy Americans hide cash from the taxman, raising the prospect it may be close to a settlement in the lengthy dispute. The bank set aside an extra 425 million Swiss francs ($480 million) to take its total provisions for tax and securities law matters in the United States to ...
• Twelve large banks including Credit Suisse have been sued in a consolidated antitrust lawsuit by investors who claim they conspired to rig prices in the roughly $5.3 trillion-a-day foreign exchange market. Investors, including the city of Philadelphia and a variety of pension funds and hedge funds, accused the banks of conspiring since January 2003 in chat room discussions, instant messages and by email to manipulate ...
• FDIC is the latest regulator to file a lawsuit against Credit Suisse for rigging the LIBOR.
• Credit Suisse will pay about $651 million to Fannie and $234 million ... The FHFA said the settlement resolves all of its claims in two lawsuits against Credit Suisse for shoddy mortgage lending activities.
• A.G. Schneiderman Sues Credit Suisse For Fraudulent Residential Mortgage-Backed Securities.
• The National Credit Union Administration (NCUA) today filed suit in Federal District Court in Kansas against Credit Suisse for faulty securities.
• Securities class action suit filed against Credit Suisse over misrepresented ETNs The law offices of Bernard M. Gross, P.C. filed a securities class action.
He's waiting for the Department of Energy to guarantee his loan, the IRS to offer a tax credit, and the State to waive all taxes.
End of story.
What did you expect?
All is good, everything wonderful, prosperity abounds, all-time-new-highs daily, in a related note ... 8 in 10 Federal Reserve supervised banks found guilty of securities fraud and interest rate manipulation. 7 in 10 new IPO's have 'never earned' a cent.
Previously, Tesla was considered the car for 'exuberant privileged', but news today that Tesla will begin selling cars to anyone they can get financed sent to stock soaring. Known as Hollywood's favorite CEO (Elon Musk's appearance in Iron Man movie) announced today that he will sell a car to anyone that is alive!
Any update on new ETF scams ... they were very profitable last quarter!
Credit Suisse acknowledges volatility product TVIX used to scam retail investors, SEC declines investigation on conflict of interest. SO, WHAT DID YOU EXPECT?
Confirmation hearing submitted in public testimony statement.
vacation that gave me important insights into how businesses operate. I feel that experience has aided me during my time at the Federal Reserve.
They should be jailed as well, crimes against society.
After walking nearly 3 miles from their trailer home, John and Mary Ann along with their 6 year old entered Wal-Mart for the weekly shopping needs. John has been unemployed for 13 weeks and Mary Ann works as a rental clerk at the trailer park. As they walked through the store pulling their 6 year old that was comfortably riding in the little red wagon behind them, they gather the few needed items they could afford and proceeded to the cashier. Upon leaving the store they were shocked ... a police car and two officers were waiting for their exit. Immediately arrested (hand-cuffed), placed into the police car and taken to the police station. Their six year old that was crying remained with the second officer while a 2nd police car arrived, taking them to the same police station. John and Mary Ann were charged with shop-lifting, evidently, their six-year-old had taken a candy bar at the checkout and placed it into his red wagon, caught on video by Wal-mart surveillance. The couple could not be arraigned until 8pm that same day, requiring that their little boy be held by a DSS (Department of Social Service Case Worker). The magistrate set a bail at $500 which could not be met until John's father could post his home as a bail default bond. They were released at 11pm, however, their little boy was held overnight, to be returned the next day when DSS will conduct a formal home visit. There is no information as to a trial date or if John and Mary will be sentenced to any jail time and/or probation for the crime. In a related note: GM (General Motors) has been concealing material facts in the manufacturing of certain vehicle parts that have been linked to the cause of at least 13 deaths. The company (GM) is investigating and will have a formal response in the next 30 to 60 days.