Article: Bank of Russia establishes facts of market manipulation by clients of market makers in certain eurobonds

Article - Media, Publications

5 History-Making Wall Street Crooks

CHRIS SEABURY, 25 July 2019

Over the years, Wall Street has had its share of scandals, many of which left despair and loss in their wakes. These include everything from insider trading to fraud that cost investors millions of dollars. To fully understand the impact these crooked individuals had on financial history, we must examine the people themselves, what they did and the legacy their misdeeds left behind. While no two are alike, what these men share is the lasting effects of their crimes, which are still felt by Main Street many years later. This article will examine four of the most famous and unscrupulous Wall Streeters: Michael de Guzman, Richard Whitney, Ivan Boesky, Michael Milken, and Bernard Ebbers. Continue reading “Article: Bank of Russia establishes facts of market manipulation by clients of market makers in certain eurobonds”

Article: Ex-Shearson Exec To Plead Guilty in Stock-Loan Investigation

Article - Media

Ex-Shearson Exec To Plead Guilty in Stock-Loan Investigation

Stefan Fatsis

Associated Press, 7 September 1989

The expected guilty plea by Dennis T. Palmeri, Shearson’s former executive vice president in charge of stock loans, would be the first action following more than a year of examination by federal prosecutors.

The case also is said to be derived from information from jailed speculator Ivan F. Boesky, a major source of evidence for Wall Street securities investigations since he was ensnared in an insider trading probe in 1986.

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Article: N.Y. Grand Jury Probes Stock Loan Practices

Article - Media

N.Y. Grand Jury Probes Stock Loan Practices

Steve Coll and David Vise

Washington Post, 21 July 1989

NEW YORK, JULY 20 — The Manhattan U.S. attorney is conducting a criminal investigation of Wall Street’s lucrative securities lending business, focusing on an official of Shearson Lehman Hutton Inc., according to documents and sources familiar with the case.

Subpoenas issued as part of the grand jury investigation, while not stating the precise target of the probe, have requested witnesses to provide records about investments, transactions and accounts involving Dennis Palmeri, who supervises all of Shearson’s stock loan operations.

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