Word: thomsen
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...outgoing enforcement chief, Linda Thomsen, said Stanford promised "improbable and unsubstantiated high interest rates" allegedly earned through a unique investment strategy. The bank purportedly achieved double-digit returns on its investments during the past 15 years...
...Stanford, and the close circle of family and friends with whom he runs his businesses, perpetrated a massive fraud based on false promises and fabricated historical return data to prey on investors," said Thomsen. "We are moving quickly and decisively in this enforcement action to stop this fraudulent conduct and preserve assets for investors...
...Thomsen, Linda Chatman • stubborn refusals of to heed warnings about Madoff result in resignation...
...Working with Eleanor Whitman (Naomi Watts), an assistant D.A. who's been sleuthing the IBBC case from the New York City end, Salinger tries to corral the bank's CEO, Jonas Skarssen (Ulrich Thomsen), a dimpled smoothy who woos rebel chiefs on three continents with arms shipments for their would-be revolutions. Osama bin Laden needn't have buttonholed his Saudi relatives for al-Qaeda cash; he could have gone to Skarssen. As the banker tells an African insurgent, "The real value of a conflict, the true value, is the debt it creates." Hearing the outlines of this conspiracy, today...
...while Thomsen's press-release drafts were still being proofed, the SEC announced on Monday that it had reached an agreement with Madoff over a partial judgment on civil penalties related to his alleged masterminding of the now infamous $50 billion Ponzi scheme, considered the largest in history. A Ponzi is a fraud in which money from new investors is used to pay off previous investors...