BMO Risk Manager Recalls ‘Unprecedented’ Archegos Asset Value

Reported by Anthony Lin Senior Legal Editor Here are the key takeaways from the testimony: Giselle Tropper, head of capital markets financing at UBS, described how the bank hedged Archegos’ swap orders. Some of this testimony was explanatory for the jury’s benefit. But it also backs up the prosecution’s contention that Hwang knew he could […]

Ruthless ‘Nigerian scammer’ allegedly takes credit for auction scare at Elvis Presley’s Graceland: ‘I had fun’

Reported by Nika Shakhnazarova A self-proclaimed “Nigerian scammer” proudly took credit for the failed attempt to auction off Elvis Presley’s iconic Graceland mansion, which left his granddaughter Riley Keough “traumatized,” according to a report. The ownership of the sprawling Memphis property was thrust into doubt earlier this month after a mysterious company named Naussany Investments and Private […]