Rachel “Bunny” Mellon, the heiress to one of America’s great business fortunes whose support of presidential candidate John Edwards had attracted her, at 100, the type of public scrutiny she had spent a lifetime avoiding, has died. She was 103.
U.S. citizens and residents with UBS AG accounts are racing the clock to disclose their secret holdings to the Internal Revenue Service after the Swiss Parliament ratified an agreement to surrender the names of 4,450 bank clients, tax lawyers said.
Kenneth I. Starr , the money manager whose clients included actors Sylvester Stallone and Wesley Snipes , was sentenced to 7 1/2 years in prison after pleading guilty to defrauding nine celebrities out of $33.3 million.
Deutsche Boerse AG will likely face an in-depth review by European Union antitrust regulators of its $9.53 billion bid for NYSE Euronext , a deal that would create the largest owner of equities and derivatives markets, lawyers said.
Money manager Kenneth I. Starr seeks court permission to post $2 million bail and live at his Manhattan apartment while awaiting trial on charges he defrauded his celebrity and socialite clients of at least $59 million.
The insider-trading trial of Galleon Group LLC co-founder Raj Rajaratnam next month is the culmination of U.S. investigations dating back 12 years that involved blind alleys, anonymous tips, wiretaps and a trip into the Tamil Tiger underworld before prosecutors got their man, Bloomberg News’ Patricia Hurtado reports.