Former RBS executive James Glover could be sent to jail today. The Connecticut office of the Dept. of Justice filed papers this week asking the judge to thrown Jamie in the slammer. On June 1st 2011, Glover plead guilty to stealing more than $600,000 from RBS’s Greenwich Capital division. We reported at Greenwich Time last […]
Continue1 Sep
New Canaan Forex Trader’s Wife and Daughter Caught Hosting Underage Drinking Party
It appears the New Canaan Police Department has finally busted a parent for allowing their underage teenager to host drinking parties. On August 22nd, Avery Underwood,19, was charged with delivery of alcohol to minors and her mother Lori Underwood, 47, was issued an infraction for failing to halt possession of alcohol by a minor. Hearst […]
Continue24 Aug
Report Says: Bear Stearns Executives Sold Illegal RMBS and Covered It Up
Former back office employees from Bear Stearns are coming out of the woodwork to explain how Tom Marano’s mortgage group cheated their own clients out of billions. This week I reported at The Distressed Debt Report, EMC insiders say they were told to make up the classification for whole loans, packaged into mortgage securities, to […]
Continue10 Aug
UPDATE: JP Morgan is afraid of the RMBS Fraud Suits
JP Morgan is showing signs of fear. Yesterday, I updated Keiser Report viewers on the dirty tricks the bank’s lawyers and former Bear Stearns mortgage traders are pulling in an atempt to stop the truth coming out in the Bear Stearns/EMC fraud suit. A story I first began reporting a year ago at The Atlantic […]
Continue4 Aug
Now Playing in New Canaan: Hairy Penis
Elm Street in New Canaan, CT has been pranked this morning. In a location packed daily with wealthy housewives and their well dress kids in tow, now sits a movie sign inviting people to come see films with names like ‘Hairy Penis’. (You know instead of Harry Potter) It looks like some creative senior high […]
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