Banks Offer $106 Million To Medcap Investors

Two banks that were trustees for one of the biggest frauds in Orange County history have offered $106 million to make investors go away — but it may not be enough.
Wells Fargo Bank and Bank of New York Mellon struck a secret deal in recent weeks...

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  • Banks offer $106 million to MedCap investors
    Two banks that were trustees for one of the biggest frauds in Orange County history have offered $106 million to make investors go away -- but it may not be enough. Investors lost about $1 billion in Tustin-based MedCap. The company, which claimed to be ...
    05/16/2012 - 2:10 pm | View Link
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