Bank CEO Admits To Using Bailout Money To Buy A Luxury Condo In Florida
Darryl Layne Woods, the former CEO of a Missouri bank, admitted in court yesterday to using financial crisis bailout funds to purchase a luxury waterfront condo in Florida, Dealbook’s Peter Lattman reports.
A former JPMorgan banker arrested Tuesday in Spain on charges of hiding massive losses related to the bank’s ‘London Whale’ trade plans to resist extradition to the United States, court officials said.Javier Martin-Artajo, former head of credit and equity trading at JPMorgan’s chief investment office, turned himself in to Spanish police Tuesday.
U.S. Banker Deploys Polygraph to Thwart Kazakhstan Theft
When Michael Eggleton arrived in Kazakhstan in 2009 after three banks defaulted on about $20 billion in debt, he thought something drastic had to be done.
So the former Merrill Lynch & Co. and Credit Suisse Group AG banker, who had been appointed chief executive officer of Almaty-based Eurasian Bank JSC, flew a polygraph machine into the Central Asian country to bolster client trust.
The Economic and Financial Crimes Commission has arrested a former banker, Tope Ajayi, for alleged satellite broadcast scam.Ajayi was accused of using a gadget to control some servers in China and an unidentified Internet Service Provider and distributing the stolen contents to subscribers for a paltry sum of money.
He was also accused of manipulating Multichoice cards and allowing his clients to have free access to Multichoice signals.
EFCC spokesman, Wilson Uwujaren, said the suspect was arrested at his apartment on Link Bawo Road, Kano State, on Friday August 23, 2013.
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