Bloomberg Releases Fed's Secret Bank Data

Federal Reserve Bank

Bloomberg News has released spreadsheets showing daily borrowing totals for 407 banks and companies that tapped Federal Reserve emergency programs during the 2007 to 2009 financial crisis. It’s the first time such data have been publicly available in this form.

To download a zip file of the spreadsheets, go to http://bit.ly/Bloomberg-Fed-Data.

For an explanation of the files, see the one labeled “1a Fed Data Roadmap.”

More at Bloomberg News.
 
   

Be the first to rate this post

  • Currently 0/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
Posted on December 27, 2011 09:43 by Tom Herod
Tags: , ,
Categories: Due Diligence | Huge Balls | Regulation
Actions: E-mail | Permalink | Comments (0) | Trackback

Barki LLC Caught In $38 Million Ponzi Scheme

Ponzi pyramid

The U.S. Commodity Futures Trading Commission (CFTC) today announced that the U.S. District Court for the Western District of North Carolina entered an order of default judgment and permanent injunction against Barki, LLC of Mint Hill, N.C.

The order, entered on September 30, 2011, stems from a CFTC enforcement action filed on March 17, 2009 that charged Barki and Bruce C. Kramer (Kramer) with fraudulent solicitation and misappropriation in a $38 million leveraged foreign currency (forex) Ponzi scheme perpetrated by Kramer (see CFTC New Release 5635-09, March 18, 2009). 

Read full details on CFTC website.

 
   

Currently rated 1.0 by 1 people

  • Currently 1/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
Posted on October 11, 2011 17:50 by Tom Herod
Tags: , , ,
Categories: Regulation
Actions: E-mail | Permalink | Comments (0) | Trackback

CFTC Forex Enforcement Actions

CFTC

If you mess around with people's money long enough - sooner or later - CFTC is gonna getcha!

Forex Capital Markets LLC Ordered to Pay More Than $14.2 Million to Settle CFTC Charges Relating to Its Failure to Supervise Customer Accounts

CFTC Charges Alpha Trade Group, S.A. and Six Individuals with Fraud and Misappropriation in Connection with a $1.7 Million Foreign Currency and Futures Scheme

CFTC Charges Massachusetts Man Jeffrey Liskov and His Company, EagleEye Asset Management, LLC, with Committing a $3 Million Forex Fraud

CFTC Obtains Final Judgment against Italian National Carmine Garofalo Charged with Illegal Trading

CFTC Charges Douglas Elsworth Wilson and Three California Companies with Solicitation Fraud, Misappropriating Customer Funds, and Issuing False Statements in Multi-Million Dollar Commodity Futures and Forex Scheme
 
   

Be the first to rate this post

  • Currently 0/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
Posted on October 3, 2011 21:02 by Tom Herod
Tags: , ,
Categories: Regulation
Actions: E-mail | Permalink | Comments (0) | Trackback

UBS Drops $2 Billion To A Rogue Trader

UBS

London (CNN) -- Police in London were on Friday questioning a suspected rogue trader arrested after Swiss banking giant UBS discovered an estimated $2 billion worth of unauthorised deals.

The man -- named by British media as UBS trader Kweku Adoboli -- was held on suspicion of fraud in an early-morning operation in London's banking district hours before the loss was announced on Thursday, officers said.

Get the complete story at CNN.
 
   

Be the first to rate this post

  • Currently 0/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
Posted on September 16, 2011 09:14 by Tom Herod
Tags:
Categories: Global Economy | News | Regulation
Actions: E-mail | Permalink | Comments (0) | Trackback

CFTC Sues 11 Forex Firms

CFTC Building in Washington, DC

Washington, DC - The U.S. Commodity Futures Trading Commission (CFTC) announced that it simultaneously filed 10 enforcement actions in Federal District Courts in Illinois, New York, Utah, and Wyoming, alleging that 11 entities are illegally soliciting members of the public to engage in foreign currency (forex) transactions and are operating without being registered with the CFTC.

Some of these companies are very familiar to us.

Read the full announcement at CFTC.
 
   

Currently rated 1.0 by 1 people

  • Currently 1/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
Posted on September 12, 2011 09:37 by Tom Herod
Tags: , ,
Categories: Broker News | Regulation
Actions: E-mail | Permalink | Comments (0) | Trackback