Entries by Attorney

Morgan Stanley to Lay-Off 1,600 Bankers and Support Staff

Pink slips will go out to 1,600 Morgan Stanley employees soon. The firm has Florida offices in Boca Raton and Miami, but details by office location were not disclosed. Half of the lay-offs are expected in the U.S., with the balance of staff reductions overseas. Highly paid investment bankers are targeted, as well support team […]

Mary Curran of Palm Beach to Pay $21 Million Tax Penalty

Mary Estelle Curran of Palm Beach, Fla., pleaded guilty today in the U.S. District Court for the Southern District of Florida to filing false tax returns for tax years 2006 and 2007, the Justice Department and Internal Revenue Service, Criminal Investigation (IRS-CI) announced. According to court documents, Curran, a U.S. citizen, maintained undeclared bank accounts […]

Florida Homeowners in Foreclosure May Get up to $125,000 in Relief

Fort Lauderdale area homeowners dealing with mortgage foreclosures may find some relief in a new federal housing settlement announced today by the Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board. Ten mortgage servicing companies will pay $3.3 billion in direct payments to eligible borrowers and $5.2 billion in other assistance, […]

CEO Yan Skwara of US Farms to Pay $59K SEC Fine

US Farms, Inc. and Yan K. Skwara, its CEO, President, CFO, and Chairman, engaged in a fraudulent scheme involving the company’s stock, illicit kickbacks, and phony agreements to mask those kickbacks, according to SEC allegations. The Commission announced that on January 2, 2013, the U.S. District Court for the Southern District of Florida entered a […]

SEC Charges Kevin Dowd of Boca Raton in Pharmasset Stock Tip

Financial advisor Kevin Dowd allegedly gave a penny stock promoter an illegal tip about on a pending acquisition of Princeton, N.J.-based Pharmasset Inc. by California-based Gilead Sciences, according to SEC charges. Dowd allegedly received $35,000 and a jet ski dock from the tipee in exchange for the information. The SEC alleges that Kevin L. Dowd […]

Home Foreclosures Spike 28% over 2011

Home foreclosures are up 28% in January 2012 over last year, according to Lender Processing Services. Fort Lauderdale area homeowners who are at risk of default on their mortgage or already in foreclosure should be aware that banks and other U.S. lenders will be moving faster to resolve foreclosures this year. The U.S. reached a […]