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After becoming a public company in August 2005, it was revealed that Phillip R. Bennett, the company's CEO and chairman, had concealed $430m of bad debts. Its underwriters were Credit Suisse First Boston, Goldman Sachs, and Bank of America Corp. The company entered Chapter 11 and Bennett was sentenced to 16 years in prison. Bear Stearns: United ...
The chief executive of Australia's Westpac Banking Corp stepped down on Tuesday over a money laundering scandal involving child exploitation, just a day after he told staff it was "not a major ...
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Goldman Sachs Tower at 30 Hudson Street in Jersey City.. Goldman Sachs, an investment bank, has been the subject of controversies.The company has been criticized for lack of ethical standards, [1] [2] working with dictatorial regimes, [3] close relationships with the U.S. federal government via a "revolving door" of former employees, [4] and driving up prices of commodities through futures ...
He worked there for four years before being taken on at Sterling Pulp & Paper, where he was put in charge of the family-run business. [14] He engineered a massive accounting fraud at Nitec, a paper-mill company in Niagara Falls, New York. He was the company's president from 1974 to 1976, when he was fired owing to his abrasive management style.
Kolady was informed that the company was ceasing the severance terms amid an investigation “in which senior leadership is learning additional facts and circumstances of serious concern regarding ...
After the company stopped accepting bitcoin for car payments, on May 12, 2021, Musk stated on Twitter that "Tesla will not be selling any Bitcoin", which was, at the end of 2021, worth nearly $2 billion. [434] [435] In July 2022, Tesla stated in regulatory filings that it sold approximately 75% of its bitcoin in the March–June 2022 quarter. [436]
His company, Med Ed Labs, faced scandals, including complaints that he mishandled human remains. The body broker industry has no rules. For one disgraced chiropractor, that was perfect.