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Waterford Enters Bankruptcy
After failing to find a buyer, five years of losses have driven Waterford Wedgwood into receivership, Bloomberg reports. Deloitte Ireland has been named receiver for the iconic crystal- and china-maker...
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Stanford Accounts to Remain Frozen
A federal judge ruled today that thousands of investor accounts with R. Allen Stanford's financial companies will remain frozen for another 10 days, while a court-appointed receiver said he's...
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Foreclosure Crisis Stings Renters, Too
You probably don’t want to live in the Chandler, Ariz., housing complex known as Alante on the Islands, MSNBC reports. The development was once owned by a California company, but entered receivership...
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Market-Regulation Bill No Longer on Fast Track: Frank
Once on the fast track to President Obama’s desk, a bill that would grant the government powers to place large companies into receivership has been pushed to the slow lane, Rep. Barney Frank tells the...
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Stanford Ponzi Scheme Case Entangles Baseball Stars
The receiver in the R. Allen Stanford case wants seven current and former baseball stars to turn over millions they once invested in Stanford’s alleged Ponzi scheme, intending to divvy up the money...
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Obama, Others Won't Return Ponzi Cash
The receiver in charge of recovering money for R. Allen Stanford's fleeced investors is trying to recover some $1.8 million the alleged Ponzi schemer gave to a host of political causes—but they refuse...
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