Newsmakers
Real Estate PE Firm Founder Sentenced to 5 Years for Fraud
Eric Malley pleaded guilty to scamming over 300 investors out of approximately $58 million.
Tag: prison
Newsmakers
Adviser Gets 5 Years in Prison for Embezzlement, Murder Threat
Gregg Brie threatened to kill a disabled client when he asked for his money.
FinCEN Adviser Sentenced for Leaking Reports to BuzzFeed
The suspicious activity reports focused on subjects such as Paul Manafort and the Russian Embassy.
Risk
Tech Firm CEO Sentenced to 8 Years in Prison for Fraud
Daniel Boice pleaded guilty to defrauding 250 investors out of more than $18 million.
Regulation
Former Asset Management Firm COO Gets 3 Years in Prison for Fraud
Richard Diver admitted that the money he stole was consumed by his ‘wild’ personal spending.
Regulation
Lawyer Gets Over Six Years in Prison for Ponzi Scheme
Todd Lahr took more than $2.7 million from his own law clients for purported Papua New Guinea mining operations and used it for personal expenses.
Newsmakers
California State Controller Eyes CalPERS Private Prison Divestment
The issue of CalPERS divesting from private prison companies CoreCivic and The GEO Group isn’t dead after all.
Newsmakers
CalPERS Says No to Legislation Forcing It to Divest from Private Prisons
The pension plan’s stance also means it won’t likely voluntarily divest from GEO Group and CoreCivic.
Newsmakers
CalPERS Engages Private Prison Companies
The review could lead to divestment of CoreCivic and The GEO Group.
Newsmakers
CalSTRS to Divest of Private Prison Companies
The two US companies running private prisons, whose detainees including immigrants caught crossing the US-Mexico border, will no longer be part of the CalSTRS portfolio.
Newsmakers
Former State Street Head Sentenced to 18 Months for Fraud
Ross McLellan and others were adding secret commissions to fixed-income, equity trades with institutional clients between 2010 and 2011.
Newsmakers
Chicago Teachers to Divest Private Prisons, Immigration Detention Centers
The fund is also barred from making any future investments in these industries.
NY Pension Fund to Divest Private Prison Holdings
New York State Common Retirement Fund owns stakes in GEO Group, CoreCivic.
Newsmakers
CalSTRS Begins Review of Holdings of Private Prison Companies
Review ordered personally by CalSTRS CIO Chris Ailman in a rare move.
Newsmakers
Philadelphia Pension to Divest Private Prison Stocks
Board votes to liquidate $1.2 million worth of stock in three private prison companies.