CURT ANDERSON / The Associated PressAug 22, 2019
The will signed two days before his suicide puts $577 million in assets into a trust, a roadblock to sex-abuse accusers to recover damages. Dig deeper ( 3 Min. Read )
Alexander Reed Kelly / TruthdigJul 16, 2013
Three Chinese activists agitating for officials to make public the value of their wealth and assets will be put on trial in a "co-ordinated crackdown" that makes the limitations of an "anti-corruption push by the new government" plain, according to a Reuters report in The Guardian. Dig deeper ( 2 Min. Read )
Staff / TruthdigMar 8, 2012
Bank of America: $11.9 billion; JPMorgan: $5.44 billion; Wells Fargo: $4.35 billion. These are the fines the banks have paid so far in settlements to the government for wrongdoing amid the financial crisis. Dig deeper ( 2 Min. Read )
Staff / TruthdigFeb 22, 2011
Now that Hosni Mubarak has exited his post as Egypt's president, his reportedly extensive wealth is no longer protected by his position, and authorities in his homeland have moved to freeze his assets, as well as those of his family members, in the midst of a fraud investigation. Dig deeper ( 1 Min. Read )
Staff / TruthdigNov 29, 2010
British Petroleum is still sloughing off assets to help cover its $40 billion fiasco in the Gulf of Mexico. The oil giant just sold a majority stake in Pan American Energy for $7 billion, putting its running total of recent asset sales at $21 billion. Dig deeper ( 1 Min. Read )
Staff / TruthdigMar 22, 2009
Some of them have only their homes, while others have no remaining assets and no means to earn income, but all of the former clients of Bernard Madoff (above) whose statements were made public by the government on Friday described in nightmarish terms their experiences since Madoff's fraudulent investment empire crumbled. Dig deeper ( 2 Min. Read )
Staff / TruthdigMar 17, 2009
Although $10 million is a lot of money, it's not much compared with $50 billion in lost investments. The $10 million figure represents the upper limit of the current value of Bernard Madoff's businesses, which Madoff had valued at $826 million before his proverbial fall. It doesn't look good for his defrauded investors' chances of reclaiming much of their missing funds. Dig deeper ( 1 Min. Read )
Staff / TruthdigJan 16, 2009
After receiving $45 billion from U.S. taxpayers just two months ago, Citibank's much-maligned parent Citigroup will be no longer, as the financial giant announced in Solomon-style manner Friday that it will split itself into two, dividing the company's traditional banking business -- becoming Citicorp -- and its riskier investment department -- Citi Holdings. Dig deeper ( 1 Min. Read )
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