The U.S. Air Force announced today that it had fired nine officers following investigation of a cheating scandal. The officers all were based in a special nuclear missiles command at… more
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Jerome Kerviel: The Rogue Trader
SPIEGEL: Monsieur Kerviel, in early October, a Paris court sentenced you to five years in prison, with two suspended, and ordered you to pay €4.9 billion ($6.7 billion) in restitution to… more
Allen Stanford’s Unapologetic Ponzi Scheme
In a defiant, rambling statement that lasted more than 40 minutes, Stanford told the court about the injuries he suffered during a prison fight; criticized the government for its “gestapo… more
JP Morgan’s Bruno Iksil “The London Whale”
The fallout continues from a multibillion-dollar trading loss at JPMorgan Chase. JPMorgan, the nation’s largest bank, is suing Javier Martin-Artajo, a former executive in its chief investment office, a once… more
Ex-Peregrine Chief Sentenced to 50 Years in Prison
Peregrine Financial was in the futures industry for over 20 years, until a $200 million customer shortfall came to light. Last week, their CEO of the firm was sentenced to… more