Banks, Fraud | featured news

Texas billionaire’s investment clients in painful limbo

Rodolfo Soules tried to close a friend’s account at Stanford Financial Group Wednesday, but the building was closed.

 

UBS fined, will open secret Swiss bank records

Banking giant UBS has agreed to pay $780 million and turn over once-secret Swiss banking records to settle allegations it conspired to defraud the U.S. government of taxes owed by thousands of American clients.

 

Billionaire Stanford Charged With Fraud

SEC says Texas banker swindled billions selling CDs with improbable interest rates.

 

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