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Bangladesh cuts banking, stock trading hours during virus lockdown
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Prominent San Diego businesswoman Gina Champion-Cain, who pleaded guilty in June 2020 to securities fraud, conspiracy and obstruction of justice for defrauding investors out of $400 million through a liquor-license loan funding program, learned her fate on Wednesday.
U.S. District Judge Larry Alan Burns sentenced Champion-Cain to 15 years in prison the maximum sentence at the federal building on Front Street in downtown San Diego. Download our mobile app for iOS or Android to get the latest breaking news and local stories. During the hearing, several victims spoke to the judge, said Assistant United States Attorney Andrew Galvin outside court on Wednesday. Nearly 500 victims poured over $350 million into Champion-Cain s sham investment scheme. Ms. Champion-Cain did not use the money to finance liquor-license transactions, as she told investors. Rather, she used tens of millions of dollars to line her own pockets and to support her failing Patio
World s Largest Asset Manager BlackRock Is Trading Bitcoin Futures
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Frost Bank CEO Phil Green s 2020 compensation shrinks 20% during pandemic
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Cullen/Frost Bankers Chairman and CEO Phil Green received about $3.8 million in total compensation last year, a 20 percent reduction from nearly $4.8 million in 2019. The drop in Green’s compensation resulted in him receiving 67 times the median Frost employee’s compensation of $57,171 last year.Staff file photo
Cullen/Frost Bankers Inc. Chairman and CEO Phil Green’s compensation shrank last year by almost $1 million, part of the San Antonio financial holding company’s belt-tightening as its profits tumbled during the pandemic.
Green pulled in about $3.8 million in total compensation last year, down 20 percent from nearly $4.8 million in 2019. Cullen/Frost is the parent company of Frost Bank, the largest regional bank based in San Antonio.
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Rick Sorrells, former DCS superintendent forced to retire in 2017 amidst questions about the finances at DCS. In April 2018, Sorrells pleaded guilty to federal wire fraud and admitted to receiving more than $3 million in bribes and kickbacks in exchange for entering into contracts for $70 million in school bus camera equipment. He s expected to be sentenced in August.
Larry Duncan, former president of the DCS Board and a former Dallas City Council member. He stepped down from his position as president of board for Dallas County Schools on May 17, 2017 amid ongoing investigations into a multi-million budget gap, the agency s controversial stop-arm camera program and a sale-leaseback land deal that will cost taxpayers millions.
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