Police searched Kevin Foster’s home in 2004, looking for signs of a criminal lifestyle -- fast cars or piles of cash. What they found, at the end of a narrow country lane in rural England, was a private zoo complete with miniature railway.
Royal Bank of Canada was sued by U.S. regulators over claims that the Toronto-based lender engaged in illegal futures trades worth hundreds of millions of dollars to garner tax benefits tied to equities.
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.