
Illinois Multiemployer Fund Agrees to Repay $8M in Excess Bailout Funds
The repayment is the second related to overpayment of excess funds received from the PBGC in connection with the Special Financial Assistance Program.
The repayment is the second related to overpayment of excess funds received from the PBGC in connection with the Special Financial Assistance Program.
Gregoire Tournant allegedly lied to investors and distributed altered risk reports.
Judge grants temporary injunction against the Energy Discrimination Elimination Act saying it could affect OPERS’ ‘financial soundness.’
Attorney General Dave Yost accused the members of breaching their fiduciary duty to the fund.
Nicholas Salzano agreed to a prison term of eight to 12 years for securities fraud, conspiracy to commit wire fraud and conspiracy to defraud the U.S.
The regulator alleges the now-defunct HyperFund was a ‘pyramid and a Ponzi scheme.’
The Nigerian businessman with claimed assets of more than $7 billion was widely reported to have been close to buying English soccer club Sheffield United.
The ninth distribution brings the total recovery to more than $4.2 billion over the past 10 years.
Premium Point had inflated the value of private funds it advised by hundreds of millions of dollars to hide poor performance.