David Rubin News
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SolarCity Corp., Sungevity Inc., Sunrun Inc. and Verengo Inc., companies that financed the majority of U.S. rooftop solar installations, formed a lobbying group to counter efforts by “monopoly utilities” to quash programs that support renewable energy in 43 states.
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Three former employees of CDR Financial Products Inc. who cooperated with the government’s investigation into municipal bond bid-rigging were given prison terms ranging from six months to 18 months.
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CDR Financial Products Inc. and its founder, David Rubin, pleaded guilty less than a week before trial on charges tied to a federal investigation of bid- and auction-rigging in the municipal bond market.
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CDR Financial Products Inc.’s David Rubin asked an appeals court to delay a trial scheduled for next month because of his wife’s terminal illness, after a lower- court judge rejected the request.
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CDR Financial Products Inc.’s David Rubin, who says his wife is in the final stages of terminal cancer, lost a bid to postpone his trial on bid-rigging charges, which is scheduled to begin next week in New York.
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Six former HSH Nordbank AG executives were charged with breach of trust and accounting crimes over their role in collateralized-debt obligations that led to writedowns of 500 million euros ($647 million) in 2008.
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CDR Financial Products founder David Rubin , facing federal charges of rigging bids in the municipal bond market, asked a judge in New York to transfer the case to Los Angeles so he can care for his wife, who has cancer, and four children at home.
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CDR Financial Products Inc.’s David Rubin is set to plead guilty today in Manhattan federal court, a court clerk said.
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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.
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A telephone call between a financial adviser in Beverly Hills and a trader in New York was all it took to fleece taxpayers on a water-and-sewer financing deal in West Virginia. The secret conversation was part of a conspiracy stretching across the U.S. by Wall Street banks in the $2.8 trillion municipal bond market.
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