Archive for July 23rd, 2010

Rick Babson’s Mirror on Olathe: Scam artists see opportunity in storm debris – Kansas City Star

Posted on July 23rd, 2010 in Work From Home Scams | Comments Off

Rick Babson's Mirror on Olathe: Scam artists see opportunity in storm debris Kansas City Star City officials this week said no one has been authorized by the city to do any such work on private property. If anyone contacts you in this way, … and more

Alex man avoids scam attempt – The Herald Bulletin

Posted on July 23rd, 2010 in Work From Home Scams | Comments Off

Alex man avoids scam attempt The Herald Bulletin Ice said he has been unemployed and has put in numerous applications looking for work , and he wanted to share his experience to alert others of a scam on a …

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Alex man avoids scam attempt – The Herald Bulletin

Inquiry Begun of SEC Timing in Goldman Fraud Case – New York Times

Posted on July 23rd, 2010 in Fraud, Wall Street Scams | Comments Off

Washington Post Inquiry Begun of SEC Timing in Goldman Fraud Case New York Times In the letter, Mr. Issa noted that a July 17 article in The Wall Street Journal about the settlement reported that Robert Khuzami, the director of the SEC's … Slapped wrist for Goldman and it's straight back to business Financial Times Burg Simpson Seeks Justice for Victims of Investment Fraud 24-7PressRelease.com (press release) As financial reform becomes law, SEC emerges with new powers and duties Washington Post Daily Markets

PD investigates ‘distraction’ burglary – WTNH

Posted on July 23rd, 2010 in Work From Home Scams | Comments Off

PD investigates 'distraction' burglary WTNH The victims describe the person who lured them away from their home as a male, possibly of Hispanic decent between 30 and 50 years old. … Wallingford cops warn of repair scam New Haven Register (subscription) all 3 news articles

Sanofi makes approach to Genzyme

Posted on July 23rd, 2010 in Economy | Comments Off

The French pharmaceuticals group has made a preliminary approach to the US biotech company that has built its business on high-price drugs used to treat rare conditions

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Sanofi makes approach to Genzyme

Facebook at 500m

Posted on July 23rd, 2010 in Economy | Comments Off

We are not all Facebookers yet. But it is getting close. The social networking site, founded just six years ago, has just notched up its 500 millionth user

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Facebook at 500m

Condé Nast reshuffles top management

Posted on July 23rd, 2010 in Economy | Comments Off

Condé Nast, publisher of Vogue and Vanity Fair, has reshuffled top management left vacant after the sudden departure of its president last month

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Condé Nast reshuffles top management

BP set for deep-water drilling off Libya

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BP will start deep-water drilling off the coast of Libya within weeks in spite of concerns about the UK group’s environmental and safety record after the Gulf of Mexico oil spill disaster

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BP set for deep-water drilling off Libya

GE raises dividend in show of strength

Posted on July 23rd, 2010 in Economy | Comments Off

General Electric unexpectedly increased its quarterly dividend by 20 per cent in an effort to show that the diversified industrial conglomerate is over the worst of the financial crisis and confident about the future.

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GE raises dividend in show of strength

Con artist pulls ‘mold’ scam on elderly women – Cookeville Herald Citizen

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Con artist pulls 'mold' scam on elderly women Cookeville Herald Citizen He left then and was supposed to return to work on the “problem” on July 20, but he did not come back, the victim told the officer. … and more

HIGHLIGHTS FROM A DEPOSITION OF JEFFREY STEPHAN |By Lynn E …

Posted on July 23rd, 2010 in Fraud, Scams | Comments Off

Mortgage Assignments and Affidavits in support of Summary Judgment signed by Stephan have been used by GMAC, FANNIE & FREDDIE in over 100000 foreclosure cases. “LPS” in the last line refers to Lender Processing Services in Jacksonville, Florida. …. scam , securitization, servicers, settlement, sewer service, shadow foreclosures, shapiro & fishman pa, short sale, siva, spear & hoffman, Steven J Baum, steven mnuchin, stock, STOP FORECLOSURE FRAUD, stop foreclosure fraud …

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HIGHLIGHTS FROM A DEPOSITION OF JEFFREY STEPHAN |By Lynn E …

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Goldman, the Movie. By Goldman – Wall Street Journal

Posted on July 23rd, 2010 in Wall Street Scams | Comments Off

Goldman, the Movie. By Goldman Wall Street Journal But filmmaker Ric Burns, who created the PBS series “The Civil War” with his brother Ken, is shooting a documentary about the Wall Street firm. … and more

Arm shares rise on Microsoft deal

Posted on July 23rd, 2010 in Economy | Comments Off

Shares in Arm Holdings have risen more than 11% after the UK microchip designer announced a new licensing agreement with Microsoft

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Arm shares rise on Microsoft deal

• Storm Chasers Can Do Big Damage to Your Pocketbook – Consumer Affairs

Posted on July 23rd, 2010 in Scams, Work From Home Scams | Comments Off

• Storm Chasers Can Do Big Damage to Your Pocketbook Consumer Affairs With bad weather plaguing much of the country, homeowners need to be alert for home repair scams . Along the Gulf Coast, price-gouging laws are going into … and more

Feinberg Rules that Firms Do Not Have to Return Payouts – Associated Content

Posted on July 23rd, 2010 in Wall Street Scams | Comments Off

Los Angeles Times Feinberg Rules that Firms Do Not Have to Return Payouts Associated Content According to the Wall Street Journal, Kenneth Feinberg claims it would be “unfair” for the government to demand back the $1.6 billion bailout money 17 … The pay czar's Wall Street report card Salon all 1,004 news articles

Bankers overpaid by $1.6bn during crisis

Posted on July 23rd, 2010 in Economy | Comments Off

Citigroup, Bank of America and 15 other bailed-out financial services companies overpaid their top executives by $1.6bn during the height of the financial ­crisis, according to a review by the White House’s ­special master on Wall Street compensation

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Bankers overpaid by $1.6bn during crisis

Financial Reform: Another Obama Scam?

Posted on July 23rd, 2010 in Scams | Comments Off

Will mortgage giants Fannie Mae (FNMA) and Freddie Mac (FMAC) be held accountable for their roles in the housing/mortgage crash? Will taxpayer bailouts of FNMA and FMAC be halted? Will my home regain some of the loss in value inflicted …

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Financial Reform: Another Obama Scam?

Dealmaking shows no sign of slowing

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It has been a busy few months for dealmaking activity in the UK, with transactions worth £32bn announced

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Dealmaking shows no sign of slowing

Slapped wrist for Goldman and it’s straight back to business – Financial Times

Posted on July 23rd, 2010 in Fraud, Wall Street Scams | Comments Off

Moneycontrol.com Slapped wrist for Goldman and it's straight back to business Financial Times In most other respects, though, last week's conclusion of a two-year probe into whether Goldman, the biggest name on Wall Street , defrauded investors in a … Burg Simpson Seeks Justice for Victims of Investment Fraud 24-7PressRelease.com (press release) As financial reform becomes law, SEC emerges with new powers and duties Washington Post SEC Inspector General takes up Rep. Issa's request to probe Goldman-Sachs … Washington Examiner (blog) Daily Markets

Honeywell raises full-year forecast again

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Honeywell, the industrial conglomerate, posted better than expected second quarter earnings and increased its full-year guidance for the second time this year thanks to a recovery in the automotive sector and in demand for industrial products.

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Honeywell raises full-year forecast again

US consortium in talks with RBS over GMS

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Royal Bank of Scotland has started exclusive talks with a consortium of US private equity groups, Advent International and Bain Capital, to sell its Global Merchant Services payment processing business in a deal worth about £2.5bn

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US consortium in talks with RBS over GMS

Staff reductions hit Verizon earnings

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The US telecoms company reports a loss in the second quarter with the cost of severance packages countering continued strength in its wireless business

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Staff reductions hit Verizon earnings

5 Real Estate Scams You Need to Watch Out For

Posted on July 23rd, 2010 in Scams | Comments Off

… or the owner listed on the appraisal and title not matching the seller on the sales contract, according to Fannie Mae. 5. Short Sales Schemes. The Scam : Borrowers owe more than the current value of their home so they fake financial …

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5 Real Estate Scams You Need to Watch Out For

McDonald’s improves around the world

Posted on July 23rd, 2010 in Economy | Comments Off

In a sign that the global economy is recovering McDonald’s reported a 5 per cent increase in sales for the second quarter, buoyed by strong results across a variety of regions

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McDonald’s improves around the world

Ford profits hit six-year high

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Detroit’s number-two carmaker reports its fifth profitable quarter in a row and its highest profit in six years, with second-quarter net income of $2.6bn, up from $2.3bn a year earlier

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Ford profits hit six-year high

Cable thieves in World Cup scam – Independent Online

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Cable thieves in World Cup scam Independent Online Bantam said police would work with Eskom to ensure that electricity is legally supplied to people. “What we have seen is that these thieves are taking … and more

Scams: a web of dirty tricks – Ocala

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Scams : a web of dirty tricks Ocala To be successful, scams almost always offer would-be victims a great deal, she said. And that was true with Estep's home scam . Comparable homes rented for … and more

Bogus insurance claims hit record high – The Guardian

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The Guardian Bogus insurance claims hit record high The Guardian Examples of home insurance fraud range from exaggerating claims by adding extra items to people dropping their old television down the stairs in order to … and more

Michael Dell Fined $4 Million for Disclosure and Accounting Fraud – DailyFinance

Posted on July 23rd, 2010 in Fraud, Wall Street Scams | Comments Off

Moneycontrol.com Michael Dell Fined $4 Million for Disclosure and Accounting Fraud DailyFinance Dell's fraudulent accounting made it appear that it was consistently meeting Wall Street earnings targets and reducing its operating expenses through the … Dell to Pay $100 Million Settlement New York Times Dell to pay $100M to settle SEC fraud charges USA Today $100 million settles Dell accounting- fraud charges CNET Register

PRESS DIGEST – Wall Street Journal – July 23 – Reuters

Posted on July 23rd, 2010 in Wall Street Scams | Comments Off

PRESS DIGEST – Wall Street Journal – July 23 Reuters July 23 (Reuters) – The following were the top stories in The Wall Street Journal on Friday. Reuters has not verified these stories and does not vouch for … and more