Word: zicarelli
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...George Zicarelli, A 62-year-old videotape editor in New York City, claims he lost more than $455,000 by following the advice of a Wall Street superstar. He invested his life savings in the telecom stock Global Crossing. And he did it, he says, based on tainted research reports by former Salomon Smith Barney analyst Jack Grubman, a onetime guru who has been barred from the securities industry for life...
...Zicarelli is one of many burned individuals with a keen interest in the nearly $400 million restitution fund set aside for investors last week as part of the final, $1.4 billion settlement between 10 Wall Street firms and securities regulators. He knows he may recoup only a small part of his loss--even $400 million won't cover collective damages estimated to run in the billions...
...That is Zicarelli's claim. He says his trades were often executed on the same day that Grubman released a new research report. To prove it, he has attached a dated list of his trades and losses to his arbitration claim. Now he will have to get in line--but at least the line is moving...
| 1 |