Employee Activity

Employee Activity

Feds Create Fake NJ College To Charge 21 People In Visa Scam

Twenty-one brokers, recruiters, and employers conspired with more than 1,000 foreign nationals to fraudulently obtain student and foreign worker visas through a fake “pay to stay” New Jersey college, New Jersey U.S. Attorney Paul J. Fishman announced. The 21 suspects were arrested in New ...Read More

Wall Street takes hit on deal slump

The biggest firms on Wall Street have first quarter profit reports on the books, and it’s unanimous: Investment banking earnings were terrible to start the year. Goldman Sachs made it official. All Wall Street banks saw double-digit drops in revenue from mergers and acquisitions, ...Read More

RBS Says It Will Cut Hundreds of Jobs As It Closes More Branches

It’s closing 34 locations and reducing opening hours in hundreds more to aggressively cut costs. State-backed Royal Bank of Scotland is axing almost 600 jobs in its U.K. retail bank, according to sources familiar with the situation, in the latest round of job cuts ...Read More

Owners of Vermont Ski Resort Jay Peak Ran a ‘Ponzi-Like’ Scheme, SEC Says

One allegedly used investor funds to pay his income taxes. The owners of a northern Vermont ski resort operated a “Ponzi-like” scheme, spending $50 million of investor funds intended for an expansion of the property on personal expenses including a condo, U.S. financial regulators ...Read More
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