Sean Payton, Drew Brees, Archie Manning were among those who paid for film tax credits from Louisiana Film Studios. Now, studio head Wayne Read is facing federal fraud charges
New Orleans Saints head coach Sean Payton and his wife have sued the team's former long snapper over a $144,000 investment tied to a now-defunct movie studio.
Evercore Partners Inc. said Wednesday that it has purchased Neuberger Berman's Private Funds Placement Group as it looks to expand its advisory services.
Switzerland cannot hand over files on 26 suspected tax cheats to U.S. authorities because their failure to properly declare assets doesn't constitute fraud under Swiss law, a top court has ruled.
European services giant ING Groep NV said Monday it will split itself in two, spinning off its insurance arm to simplify its business and issuing €7.5 billion ($11.3 billion) in new shares to repay state bailout money.
Congress and the SEC could require ABS packagers to hold some asset-backed securities on their books. Wall Street is not thrilled by this idea.
The amount of toxic debt held by banks may be declining. But as the closure of four banks over the weekend showed, bad loans are still rippling through the financial system.
The FDIC seized another pair of community banks over the weekend, making it 22 for the year. With 700 banks now on the agency's 'problem' list, last year's tally of 25 bank failures is sure to be surpassed.
Bernie Madoff is serving 150 years in prison for a multibillion-dollar fraud. Norman Schmidt got 330 years for his role in a huge investment scam. And then there's white-collar criminal Sholam Weiss, who isn't due for release until November 2754.
A Framingham, Mass., man has been indicted on charges he ran a $29 million Ponzi scheme that cheated around 130 investors.
