Bank of America Corp. faces a lawsuit by former Indianapolis Colts star defensive end Dwight Freeney, who claims the bank set him up with an unqualified private banker and her “notorious financial predator” boyfriend.
The Secretary of State's office said Steven Garland claimed to be the director of commodities trading at Goldman Sachs and solicited investment money from his victims, saying he would invest it on their behalf.
Dr. Dale Guyer—who was thrust into the spotlight this week after a news report suggested his Indianapolis clinic provided HGH to Peyton Manning—borrowed heavily from convicted Ponzi schemer Tim Durham, starting in 2003.
Former Merrill Lynch broker Thomas J. Buck used to generate millions of dollars in annual revenue for the brokerage giant. But lately, he’s been costing it millions. Merrill Lynch has paid more than $4.1 million in settlements related to Buck’s alleged misconduct since firing him in March.
The receiver appointed to recover investor losses from an alleged Ponzi scheme said he’s retrieved in five months about 20 percent of what investors were owed, a figure experts say is relatively high at this stage for such cases.