Freddie Mac, Fannie Mae, Barclays, BP, CDR, UBS in Court News
Dec. 19 (Bloomberg) — air max shoes Daniel Mudd, the former chief executive officer of Fannie Mae, and Richard Syron, ex-CEO of Freddie Mac, were sued by the U.S. Securities and Exchange Commission for understating by hundreds of billions of dollars the subprime loans held by the firms.
Pennsylvania State University’s athletic director and a former school vice president must face trial on charges of lying about their knowledge of a 2002 sex-abuse allegation against former assistant football coach Jerry Sandusky, a judge ruled- air max sale .
Magisterial District Judge William Wenner in Harrisburg, Pennsylvania, ordered Dec. 16 Athletic Director Timothy Curley and Gary Schultz, the former vice president, to go on trial for perjury and failing to report that a member of the football program told them he saw Sandusky sexually molesting a boy. Both men, who deny wrongdoing, remain free on bail.
The former trader, who holds a Ghanaian passport, is charged with fraud and false accounting dating back to 2008. Prosecutors have said he falsified records on exchange-traded- fund transactions. UBS said the loss came from trading in Standard & Poor’s 500, DAX and EuroStoxx index futures. The trades’ risk was masked by fictitious positions, according to the bank.
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