PFGBest Collapse Leads to CFTC, FBI Inquiries
The CFTC and FBI have taken action against a Cedar Falls, Iowa-based broker after the discovery that $220 million was missing out of $225 million in customer funds. PFGBest founder Russell Wasendorf attempts suicide outside the firm’s offices.
In Enron Affair, What Did Banks and Hedge Funds Know?
The first Enron case to come to trial was in the United Kingdom. Structured finance professionals watched with bated breath as Mr. Justice Cook dismissed WestLB's claims against J.P. Morgan Chase. After all, we're paid to come up with legal and creative financial solutions, even if some of the financial...