Tag: Embezzlement

December 31, 2020

Financial Journal Comptroller Pleads Guilty in Embezzlement Scheme

Eric Whitehead, of Grant’s Interest Rate Observer, faces 20 years in prison for using company assets to pay for personal expenses.

Regulation December 15, 2020

Former Asset Management Firm COO Gets 3 Years in Prison for Fraud

Richard Diver admitted that the money he stole was consumed by his ‘wild’ personal spending.

Regulation October 29, 2020

UK Regulators Fine Goldman Sachs International $126 Million for 1MDB ‘Failures’

The Financial Conduct Authority and the Prudential Regulation Authority said the firm allowed severe misconduct to go unaddressed.

Regulation June 8, 2020

Convicted Officials Shouldn’t Get Public Pensions, Say North Carolina Lawmakers

Bill before legislature is sparked by anger over a county employee who won government retirement benefits after embezzling nearly $1 million.

Regulation February 21, 2020

NJ Pension Fund Trustee Sentenced for Embezzling over $360K

Founder and trustee of a vending machine company’s pension sentenced to two and a half years in federal prison.

Newsmakers May 21, 2018

SEC Charges Alternative Investment Firm with Fraud

Brent Borland is accused of stealing nearly $6 million to fund ‘lavish lifestyle.’

Industry White Papers

Revisiting Earnings Acceleration as a Source of Diversifying Excess Returns Is earnings acceleration an underused source of diversification and excess return? See what the new data shows.

A customized approach to ESG doesn’t have to be expensive Many investors are finding that off-the-shelf approaches are not meeting their organization’s unique ESG needs. This case study explores how Invesco created a suite of ESG mandates which track custom-built indexes for a large US-bank, focusing on specific environmental and social issues.

Investing in Companies That Are Shaping the Future For institutional investors, particularly public plans, the need for diverse and uncorrelated returns is paramount. Both traditional global equity investors and those committed to sustainable investment agendas would benefit from an actively managed allocation to the decarbonization theme.