Nicholas Cosmo, the former owner and president of Hauppauge-based companies Agape World, Inc. (Agape) and Agape Merchant Advance (AMA), was sentenced Friday to 25 years of imprisonment by United States District Court Judge Denis R. Hurley in US federal court in Central Islip.
In case you missed them, here's last week's top stories.
No, not because they are thinking about your 2011 bonus (if you get one), but because they are hoping that the Euro debt crisis gets resolved quickly and the markets around the world recover.
Chicago — A former technology employee of Citadel, LLC was arrested earlier for allegedly stealing sensitive computer trade secrets from the company for his own personal use.
Here's the latest from our Highly Placed Professional.
Here's some links to a few interesting Bloomberg and Telegraph stories that are currently doing the rounds.
Here's this week's Thomson Reuters Investment Banking Weekly Scorecard.
Here's a list of 11 financial markets CEOs who should have done better during the time they had at the helm of their companies.
Here's our spotlight on recruitment specialists Nicoll Curtin.
Bonuses paid out by banks and insurers since the start of the financial crisis are set to top £100bn this year, according to the Robin Hood Tax campaign.
Stuart Gulliver, the HSBC chief executive who has vowed to reform the crisis-hit bank, sheltered millions of pounds in a Swiss account through a Panamanian company and remains tax domiciled in Hong Kong.
Moody's Investors Service downgraded Russia's sovereign debt to junk status on Friday, citing the crisis in Ukraine and the falling price of oil.