Category — Rich White

Once the richest man in Australia, the late Kerry Packer is believed to have lost up to $40 million in 10 months, including almost $28 million during a three-week losing streak at London casinos in 1999.

NEW YORK, Sept 27 - Morgan and Stanley agreed to pay $12.5 million to resolve regulatory charges that it failed to provide arbitration plaintiffs with e-mails it said were destroyed in the Sept. 11, 2001, attacks, when in fact it had saved the e-mails on backup files.

The investment bank and brokerage will pay $9.5 million into a fund for several thousand arbitration claimants, and was assessed a $3 million fine by the Financial Industry Regulatory Authority, which announced the penalties on Thursday. The settlement also resolves charges that Morgan Stanley failed to provide supervisory materials to arbitration claimants.

Follow Up

Gary M. Milby who runs Mid- America Energy Inc. stunted a little to hard on MTV’s “Super Sweet 16.”

After throwing a lavish party for his 16 year old daughter daughter on television the S.E.C. decided to follow up and press charges for the $19 million dollars he ripped off from investors.

The S.E.C. claims he also failed to disclose that he had filed for personal bankruptcy.

The U.S. Securities and Exchange Commission said on Thursday that it had charged 38 traders in a multimillion-dollar scheme involving phony finder fees and illegal kickbacks in the “stock loan” industry.

Those charged include 17 current or former traders at several Wall Street brokerages, including Morgan Stanley.

The SEC said the 38 conspired in various schemes to skim profits on stock loan transactions, pocketing more than $12 million from their actions.

Follow Up

Ted Stevens, the longest serving Republican in Senate history is now under a public corruption investigation.

Agents from the FBI and Internal Revenue Service started their search at the senator’s home Monday afternoon.

The investigation has come due to his relationshhip with Veco CEO Bill Allen who has recently pleaded giuilty to bribing state lawmakers.

In the past year a number of Alaskan officals have been under indictment including his son Ben Stevens.

Former media baron Conrad Black has been found guilty of obstruction of justice and three counts of mail fraud, following a 15-week trial in a Chicago courtroom and more than two weeks of jury deliberation.

Black beat out nine other charges including racketeering, a law devised to counter the Mafia which carries a minimum 20-year sentence.

His legal team is in the process of appealing everything.

As a white-collar criminal, he will serve 85 per cent of his sentence before being considered for parole. Because he is a foreign national he will almost certainly be held in a tough medium-security prison with serious criminals.

Thomas Ravenel campaign chairman for presidential candidate for Rudolf Giuliani (pictured above) faces up to 20 years in prison and $1 million dollars worth of fines on recent charges..

Ravenel, South Carolina’s state treasure got paid to snort cocaine, do favors for his rich buddies, explore bigger political goals for himself and work on a presidential campaign using his state-issued equipment.

He has been federally indicted on cocaine charges and repeatedly violated state ethics rules which specifically prohibit any state employee from using work time or state equipment to work on political campaigns. The violations are completely separate from a recent federal indictment for conspiracy to possess with intent to distribute cocaine.

But the court can’t touch Ravenel because he is in an upscale rehab facility in Arizona.

It will go down in history as one of the all-time great trading paydays. Now, as the dust settles on the NYMEX’s initial public offering, we reveal who won, who lost — and why one of the last great bastions of open-outcry will never be the same.

Courtesy: Trader Monthlyhttp://www.traderdaily.com/magazine/article/7743.html

=The Nymex 10=

A year ago, NYMEX seats were worth just $4.1 million. Today, a single seat yields equity of roughly $11 million. We’ve done the math to learn which seat owners are sitting especially pretty.

Robert Sahn Age: 49 Seats: 10 Estimated Score: $100 million One of the first traders to capitalize big-time on the NYMEX’s fledgling oil business in the early ’80s, Sahn left the pits in 1991 — but by then had managed to buy nine NYMEX seats, split with his former spouse. Semi-retired, Sahn still trades.

Christopher Marks Age: 43 Seats: 8 Estimated Score: $90 million

David Lazarus Age: 64 Seats: 6 Estimated Score: $80 million

Mark Fisher Age: 47 Seats: 5 Estimated Score: $70 million

Martin Greenberg Age: 67 Seats: 5 Estimated Score: $60 million

Gary Glass Age: 60 Seats: 5 Estimated Score: $60 million

Stan Meierfeld Age: 59 Seats: 5 Estimated Score: $60 million

Joel Fierman Age: 50 Seats: 4 Estimated Score: $50 million

Hillel Tauber Age: 55 Seats: 3 Estimated Score: $40 million

Richard Schaeffer Age: 55 Seats: 1 Estimated Score: $40 million

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Oh and just in case you were interested, the officer’s name is
Joey Williams, and he works for the:
Hot Springs Arkansas Police Department
Phone: (501) 321-6789
Fax: (501) 321-6708
Chief of Police, Bobby Southard
Email: bsouthard@cityhs.net
641 Malvern Avenue,
Hot Springs, Arkansas 71901

Thx bobby hundreds.

fdsf

To avoid serving prison sentences for tax evasion, Ed Brown and his wife, Elaine, have locked themselves off from the world on their own terms.

From behind the 8-inch concrete walls of their 110-acre hilltop compound, the couple taunt police and SWAT teams and play to reporters and government-haters with references to past standoffs that turned deadly.

The Browns were sentenced in absentia to 63-month prison sentences in April, after being convicted of conspiring to evade taxes on nearly $1.9 million in Elaine Brown’s income and of plotting to disguise large financial transactions.

CNN.com