SEC charges Kuwaiti trader with Citigroup connection in scheme to make millions off hoaxes

October 12th, 2009 FINRA fines Citigroup $600K over tax trading plansWASHINGTON — Citigroup Inc. has agreed to pay a $600,000 fine and be censured to settle regulators' charges that it failed to supervise complex stock-trading strategies aimed at reducing the bank's potential tax bill.

October 8th, 2009 Lawyer says Kuwaiti man released from GuantanamoWASHINGTON — A Guantanamo Bay detainee from Kuwait has been released to his home country, a lawyer for the man said Thursday. Attorney David Cynamon said a Kuwaiti plane arrived at the U.S.

October 1st, 2009 CFTC, Citigroup Private Bank reach a settlementNEW YORK — The U.S. Commodity Futures Trading Commission said Thursday that it reached a settlement with Citigroup Private Bank GP Inc.

September 30th, 2009 SEC sues Mich. man linked to alleged Ponzi schemeDETROIT — Federal regulators are suing a Detroit-area man who is accused of soliciting millions for the leader of a $250 million financial scam.

September 23rd, 2009 2 NY men plead not guilty in Harvard dorm shootingWOBURN, Mass. — Two New York men have pleaded not guilty in connection with a fatal shooting at a Harvard University dormitory.

August 3rd, 2009 Obama says Kuwait has been an 'outstanding host'WASHINGTON — President Barack Obama said Monday that Kuwait has been an outstanding host for U.S. military stationed there since the beginning of the war in Iraq and that he looks forward to even stronger relations with the Persian Gulf ally.

July 29th, 2009 NYC check-cashing companies charged in tower scamNEW YORK — New York City authorities say an investigation into a contaminated ground zero skyscraper has turned up a money-laundering scheme. Manhattan District Attorney Robert Morgenthau announced charges Tuesday against two men he says helped construction business owners cash millions of dollars worth of checks without reporting the transactions to the government.

July 26th, 2009 Kuwaiti charged with fraud in US kills himselfKUWAIT CITY — A Kuwaiti businessman linked to Citigroup and charged in the United States with fraud committed suicide Sunday, a security official said. Hazem al-Braikan was found dead in his bed with a gunshot wound to the head and a handgun at his side, said the official, speaking on condition of anonymity because he did not have the full details.

July 21st, 2009 Citigroup seizes resort where AIG held retreatDANA POINT, Calif. — A Southern California resort where American International Group Inc.

July 11th, 2009 Lancelot Investment accused of aiding Ponzi schemeCHICAGO — Lancelot Investment Management and its owner have been accused by the U.S. Securities and Exchange Commission of aiding a multibillion dollar Ponzi scheme.

June 10th, 2009 Feds accuse 2 Calif. men of conducting $85M schemeSAN FRANCISCO — Federal regulators have accused two Northern California men of conducting an $85 million Ponzi scheme that targeted Korean-Americans, pledging to deliver spectacular returns from foreign currency trading.

May 2nd, 2009 Ex-NYC stock trader pleads guilty to stealing $16MNEW YORK — A former New York City stock trader has pleaded guilty to stealing $16 million he had promised to invest for friends and clients. David Holzer pleaded guilty Thursday in state Supreme Court in Manhattan.

April 17th, 2009 NEW YORK - US banking giant Citigroup reported Friday it lost $966 million in the first quarter of 2009, better than analysts' projections. Citigroup had lost $5.1 billion in the first quarter of 2008.

March 22nd, 2009 RAIPUR - Seven people, including five of a family, were arrested here for allegedly abducting a trader for a ransom of Rs.5 million, police today said. 'Acting on a tip off, police raided a flat at Surya Vihar Apartment near Pachpedhi Naka area late Saturday and secured the release of 39-year-old trader Sunil Waswani.

January 9th, 2009 LONDON - Rocker Courtney Love wants to allow fans to decide how much to pay for her new album the way rock band Radiohead did. According to contactmusic.com, Love is almost done with her new album 'Nobody's Daughter' - her first in five years.