Word: spitzers
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...took yet another case to the office of New York attorney general Eliot Spitzer, who was in the midst of a spree of high-profile fraud prosecutions. Spitzer's experts contacted the FBI, and after Minkow agreed to wear a wire and record phone conversations with the purported scam artists as they solicited new money, the agency verified that the suspects were using an offshore shell company to bilk hundreds of millions of dollars from investors by pledging annual profits of more than 38% and an eight-year rate of return in excess of 1,000%. TIME has confirmed that...
Long before Eliot Spitzer achieved national renown by attacking corporate misdeeds as New York's attorney general, there was the California Public Employees' Retirement System, or CalPERS. For years, CalPERS used the leverage of its enormous investment portfolio to rail against companies that it believed were badly run or acting irresponsibly. When the Enron debacle ushered in an era of scandals, CalPERS's leadership made it an instant star of the corporate-reform movement...
...values about what's right and what's wrong," says former Senator Bill Bradley, a close friend. "She knows that she can have an impact because so few people say what they really feel." Indeed, Hobson had the guts to stand up to crusading New York attorney general Eliot Spitzer at a conference when she thought he was criticizing the mutual funds industry too harshly, and she has clashed with top Senators in testimony before Congress. She is worried that "rampant legislation" will stifle creativity and force smaller firms out of business. "What has made this industry so strong...
...INDICATORS Political Prosecutor New York State Attorney General Eliot Spitzer - the scourge of Wall Street for his corporate crime fighting - announced he'll run for Governor in 2006. Within days, he'd raised about $2.5 million at a single fund-raiser...
Sloan said that while Spitzer didn’t wear a political future on his sleeve, a public-policy career was clearly in his cards...