Mrcauser’s Weblog

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I wonder why?………

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Let’s see.

Why are they even going to bother. I don’t think they will be allowed get too involved with what happened because too many Washington big shots are in up to their ass cheeks These guys gave Dod and frank way to much “help”. 

I guess it’s nice someone is trying. But I don’t have much faith in justice being served.

Lehman Execs Subpoenaed in Criminal Probe at SmartMoney.com

NEW YORK (Dow Jones) — Federal prosecutors have subpoenaed 12 current and former executives of Lehman Brothers Holdings Inc. (LEHMQ), including CEO Richard Fuld, in connection with three grand jury investigations into the famed brokerage’s recent bankruptcy, according to news reports Friday.

Also among those receiving subpoenas are former Lehman chief financial officer Erin Callan, former chief operating officer Joe Gregory and chief financial officer Ian Lowitt, CNBC’s Charles Gasparino reported.

At a hearing Thursday in Manhattan, according to the New York Post, bankruptcy lawyer Harvey Miller, representing Lehman, confirmed that the U.S. attorney’s offices in the Eastern and Southern districts of New York and in the District of New Jersey are leading those probes.

Miller didn’t identify the nature of the investigations, but sources say the focus is whether executives made false comments about the health of Lehman before it collapsed. The 158-year-old Wall Street firm filed for Chapter 11 bankruptcy protection on Sept. 15. read more at SmartMoney.com

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Written by mrcauser

October 18, 2008 at 4:00 pm

Posted in Uncategorized

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