Stay intimated with the recent happenings and occurrences all over the world...your satisfaction is our priority.

Friday 23 December 2016

Bank fraud investigations assisted by bankers' emails saying 'Please don't talk about this illegal thing in email'

Morgan Stanley's pre-crisis fraudulent mortgage activity cost the firm $2.6B in federal fines, $550m in New York state fines, and $22.5M in Illiois state fines -- and part of the evidence against it is emails from high-ranking bankers telling their subordinates not to talk about the criminal stuff in email, because it could get them all in trouble. (more…)



Share:

Popular Posts

Powered by Blogger.