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Nichols was eventually able to assemble a group of 38 local investors. As the deadline neared, the Edmonton Investors Group (EIG) decided to commit to the purchase by matching Alexander's deposit with a down payment of US$5 million (C$7 million). The remainder of the US$70 million (C$100 million) was paid to ATB 40 days later.
Peregrine Financial Group Inc., commonly known as PFGBest, [1] was an Iowa-based financial firm that operated for over 20 years. It was shut down in July 2012 [ 2 ] after it was put under investigation for a $200 million shortfall in customer funds. [ 3 ]
In addition, the group had existing debt obligations and requirements for providing returns to its investors which resulted in net losses of ₹ 331.64 crore (equivalent to ₹ 412 crore or US$49 million in 2023) and ₹ 276.89 crore (equivalent to ₹ 344 crore or US$41 million in 2023) respectively. Viacom18 in particular was a drain on the ...
In 2008, Universa had returns over 100% and its assets grew to $6 billion under management in 2009 as more investors approached Universa to provide protection to their investments. [ 5 ] [ 7 ] [ 8 ] There was speculation that Universa purchasing large amount of puts options on the S&P 500 Index may have been one of the primary causes of the ...
The Alliance of American Football (AAF) was a professional American football minor league. [3] [1] [4] The AAF consisted of eight centrally owned and operated teams in the southern and western United States, seven of which were located in metropolitan areas with at least one major professional sports franchise.
The Madoff investment scandal was a major case of stock and securities fraud discovered in late 2008. [1] In December of that year, Bernie Madoff, the former Nasdaq chairman and founder of the Wall Street firm Bernard L. Madoff Investment Securities LLC, admitted that the wealth management arm of his business was an elaborate multi-billion-dollar Ponzi scheme.
"Night wind hawkers" sold stock on the streets during the South Sea Bubble.(The Great Picture of Folly, 1720)Pump and dump (P&D) is a form of securities fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements (pump), in order to sell the cheaply purchased stock at a higher price (dump).
Bernard Lawrence Madoff (/ ˈ m eɪ d ɔː f / MAY-dawf; [2] April 29, 1938 – April 14, 2021) was an American financial criminal and financier who was the admitted mastermind of the largest known Ponzi scheme in history, worth an estimated $65 billion.