Clients say adviser Roberto Heckscher was a modest guy. His small practice was located over a flower shop in a quiet neighborhood. He drove a Saturn. What outsiders didn't know: Heckscher led a secret life as a casino high roller -- a double life he financed by scamming clients for decades.
A Canadian national who the U.S. government says swindled $70 million from 40,000 investors on six continents carried out the same kind of Ponzi scheme the one-time bank robber mocked on his website, federal investigators allege.
A decision by Australia's high court clears the way for investors to sue the firm -- or what's left of it
Stocks are mostly falling after another slump in the euro prolonged concerns about Europe's economy.
Stocks plunged again Thursday as more investors woke up to the possibility that economic problems such as Europe's debt crisis might spread around the world and stop the growing recovery in the U.S.
Investment research firm Morningstar Inc. on Monday said its French subsidiary reached a deal to buy Seeds Group, which provides investment consulting services, for an undisclosed amount.
Senior members spent hours surfing pornographic websites while the financial system collapsed, an agency watchdog claims
Stocks are surging after European leaders agreed to a nearly $1 trillion rescue plan to avoid a major debt crisis and the U.S. Federal Reserve said it would also provide loans overseas.
Federal prosecutors have charged a former Plymouth financial adviser with fraud and tax charges stemming from allegations that he stole $4.3 million from clients.
"We are a different bank from a year ago," insisted chief executive Oswald Gruebel
