Sare Holding SAB, the builder offering $1.4 million condominiums on the Pacific coast beach of Acapulco, is struggling to sustain sales and share prices amid increasing bloodshed from Mexican drug cartels.
Indicted financier R. Allen Stanford , who clashed with two of his former defense lawyers, will have to work with a third after the attorney’s bid to withdraw from the case was rejected by a federal judge.
Citigroup Inc. Chief Executive Officer Vikram Pandit and Pramit Jhaveri, head of the bank’s Indian unit, were cleared by local police of involvement in an alleged $66 million fraud at its branch in Gurgaon.
R. Allen Stanford can’t tap into $100 million of Lloyd’s of London directors and officers insurance coverage to pay lawyers to defend him against charges that he ran a $7 billion investment-fraud scheme.
The Internal Revenue Service will extend until Oct. 15 the ability of Americans with undeclared offshore accounts at UBS AG and other banks to avoid criminal prosecution and some fines if they disclose their holdings, a government official familiar with the program said.
R. Allen Stanford , the financier accused of leading a $7 billion fraud scheme, has been deprived of his constitutional rights by being held without bail before trial, lawyers including Alan Dershowitz said in a court filing.