New Jersey lost almost 88,000 taxpayers with income of $5.5 billion to other states in 2010, according to a report by RegentAtlantic Capital LLC, a Morristown-based investment adviser, citing Internal Revenue Service data.
Standard & Poor’s global business may be at risk after an Australian judge ruled the company misled investors with triple A ratings on derivatives whose value plunged during the global financial crisis, the rating company’s lawyer said.
Standard & Poor’s and a unit of Royal Bank of Scotland Group Plc sought to overturn a 2012 Australian judgment that they misled investors by selling top- rated securities whose value plunged in the global financial crisis.
The bankruptcy of a major Bitcoin exchange in Japan not only focused attention on the digital currency’s risks, it also rattled a still-newer market that regulators are just starting to monitor: Bitcoin derivatives.
Bernard Madoff’s earliest investors, including two who reaped billions of dollars from the con man’s Ponzi scheme, allowed him to add backdated losses to their accounts whenever the profit was too high, a former executive on trial for fraud said.