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clink of handcuffs on Wall Street! (3) Mario Draghi

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skip to main which has a holding company within the group IndyMac, failed miserably in June 2008 for providing false information to investors on the disastrous state of health of the group.

Of the three suspects, only Blair Abernathy, financial co-director, decided to plea bargain by agreeing to pay a fine of $ 100,000 and restitution of a sum of $ 26,592, a sum inclusive of interest thereon.

more defiant attitude of the former chief executive, Michael Perry and the other chief financial officer, Scott Keys, who have rejected all the accusations, decided to plead their case before the judge.

According to the SEC, the three reports were prepared for the public, reports that represented the health status of the IndyMac completely distorted and misleading and did this despite having both in 2007 and the first half of 2008 all the information showing that the group was going to collapse.

As I often wrote in his diary of the financial crisis, it is increasingly a real danger that the once glittering world of finance is flooded with a myriad of civil suits or criminal behavior required before, during and after the perfect storm.