stranissimo 4: il fiuto...

ancora su Stern...

da innercitypress

January 3, 2005
In the Bank of America investigation, as described in the Wall Street Journal last week, the Manhattan district attorney says that BofA has transferred hundreds of millions of dollars for a money transmitter in Uruguay called Lespan SA and its affiliates. The prosecutor and federal officials say they suspect the money has come from Colombian drug trafficking and other criminal activity. Also being looked at: Wachovia, Citigroup and JP Morgan Chase. As to this last, as the year closed, the SEC was examining whether JPMC should have known that the Canary Capital Partners LLC hedge fund was making improper trades. Regulators could -- and should! -- contend that the bank "should have known" Canary and its principal executive Edward Stern were "at least engaged" in short-term trading that violated rules of many funds. So far, here’s JPM Chase’s response: "At the time that we were doing business, JPMorgan didn't know and had no reason to believe that Canary, its related entities or Eddie Stern were engaged in any illegal activity." They said the same of Enron..