Renata Shamrakova, the glamorous "personal assistant" to hedge funder Todd Meister admitted in a Manhattan courtroom on Monday that she stole nearly $1 million working for him. After a year of denials, Shamrakova came clean in an effort to avert a possible 15-year prison term on grand larceny charges.
Citigroup agreed to pay $730 million to settle a class-action lawsuit that claimed investors were misled by the bank's disclosed when they purchased its debt and preferred stock. These investors' purchases were made from May 11, 2006 through November 28, 2008.
Investors in a $7 billion Ponzi scheme orchestrated by former Texas tycoon R. Allen Stanford could finally begin getting back some of what they lost in the next few months, after a recovery process that has dragged on for more than four years. Investors, some of whom lost their life savings, will see only a pittance of what they put into the scheme, but "the process got a boost this past week as parties that had been battling each other for control of about $300 million in frozen foreign bank accounts and other assets once owned by Stanford reached an agreement to work together."
John Terenzio, an LA television consultant claims that former Vice President Al Gore and others, stole his idea to sell Current TV to Al Jazeera.
