...with the addition of a few more minor names, like JPMorgan Chase, Morgan Stanley and Wachovia.

-- MDT

Labels: auction rate securities, JPMorgan, Morgan Stanley, New York AG, Wachovia

Well, they're denying it... But the WSJ says that Wachovia at least discussed it with the DOJ.

-- MDT

Labels: drogas, money laundering, Wachovia

You know what they day - lay down with dogs and you end up with fleas. Launder drug money and have the Feds come calling. Same difference.

-- MDT

Labels: drogas, money laundering, Wachovia

Frankly, just typing the phrase municipal bond probe makes me want to nap... But when the names Wachovia, Deutsche Bank, Goldman Sachs and Bear Stearns are being flagged by the Justice Department for possible bid rigging I feel honor bound to at least acknowledge that it is happening.

-- MDT

Labels: Bear Stearns, bid-rigging, Deutsche Bank, DOJ, Goldman Sachs, municiple bonds, Wachovia

When $120 million goes missing - probably converted to gems, gold watches and other black market goods - folks tend to pay attention. Accordingly, Pennsylvania's bankrupt LeNature is drawing a great deal of scrutiny regarding exactly what happened to the firm's assets.

One individual who's got a pair of eyes focused on LeNature is James McLean, of law firm of Manion McDonough & Lucas. McLean, who is representing group of creditors and investors, is intent on getting to the bottom of Wachovia's relationship to the bankrupt firm. He claims that banking giant, Wachovia, was complicit in the financial misdealings that undid LeNature.

More here and for more details check out those additional stories listed on the right of the linked page.

-- MDT

Labels: bankruptcy, Lenature, Manion McDonough and Lucas, Wachovia