According to the solicitor acting for the Iranian bank Bank Mellat, Sarosh Zaiwalla, the UK government needs to honor the supreme court ruling that lifted all sanctions against Iran with regard to trading in the UK. The bank is reportedly asking for as much as £1 billion in damages due to the 5-year trading ban, the Guardian said.
US Bankruptcy Judge Stuart Bernstein approved JPMorgan Chase & Co's to pay $325 million to Bernard Madoff lawsuit trustee Irving Picard and another $218 million to settle two other cases that Picard helped file, Bloomberg said in a report.
Investigative journalist and author Gary Weiss has spent much of his career exposing the vagaries and excesses of Wall Street. Weiss has devoted much of his career exposing corrupt corporate officials. His efforts have been a rallying cry for investigative reporters worldwide who believe in the tenets of truth.
Corporate malfeasance, embezzlement and insider trading are more like headaches for corporations when caught, rather than as epidemics, which ought to be stopped. The very definition of embezzlement is "the act of wrongfully appropriating funds that have been entrusted into your care but which are owned by someone else." In other words, embezzlement is an act where someone deliberately sabotages the trust of another person.
