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His hedge fund was valued at $3.7 billion in 2009, down from a peak of $7 billion in 2008. According to a 2009 investor letter his $1.2 billion Diversified Fund had a net annualized return of 22.3 percent. [16] Rajaratnam has been featured among the elite US money managers in a book called The New Investment Superstars.
Rite Aid was publicly traded on the New York Stock Exchange under the symbol RAD, and ranked No. 148 in the Fortune 500 in 2022. [9] In October 2023, the company filed for Chapter 11 bankruptcy , due to a large debt load and thousands of lawsuits alleging involvement in the opioid crisis .
NEW YORK (Reuters) -Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, pleaded not guilty on Thursday to U.S. criminal ...
American Manufacturing & Packaging (AMP), previously ARC Diversified, was a 501(c)(3) non-profit corporation located in Cookeville, Tennessee, mainly concerned with hiring and training the severely disabled in the manufacturing of food products.
Rod R. Blagojevich (/ b l ə ˈ ɡ ɔɪ. ə v ɪ tʃ / blə-GOY-ə-vitch; born December 10, 1956), often referred to by his nickname "Blago", [2] [3] is an American politician who served as the 40th governor of Illinois from 2003 to 2009.
Rad Power Bikes was founded by Mike Radenbaugh in 2007. The company's business model is direct to consumer and it designs its products at its Seattle headquarters. [2] Radenbaugh remained CEO until 2022 when he was replaced by Phil Molyneux. [1] Rad Power Bikes opened an office in the Netherlands in 2017.
A package redirection scam is a form of e-commerce fraud, where a malicious actor manipulates a shipping label, to trick the mail carrier into delivering the package to the wrong address. This is usually done through product returns to make the merchant believe that they mishandled the return package, and thus provide a refund without the item ...
Fred Levin, an executive vice president, was sentenced to seven years. In all, 22 people involved in the fraud either pled guilty or were convicted. Numerous other employees involved in the fraud were never charged. [5] An important sidelight was the filing of insider trading charges against whistleblower Dirks. The ensuing case of Raymond L ...