Free Republic

Note: The following text is a quote: Hassan Nemazee Pleads Guilty in Manhattan Federal Court to $292 Million Bank Fraud PREET BHARARA, the United States Attorney for the Southern District of New York, announced that HASSAN NEMAZEE pleaded guilty today to charges of defrauding Bank of America, N.A. ("BofA"), Citibank, N.A. ("Citibank"), HSBC Bank USA, N.A. ("HSBC"), and a longtime friend and business associate of a total of more than $290 million in loan proceeds. NEMAZEE entered his guilty plea before United States District Judge SIDNEY H. STEIN in Manhattan federal court. According to the superseding Information, filed today, to...

Credit Crunch, Global Recession Encourages Rent Of Cost-Effective Virtual Office Space By Monique Lester and Joel LeydenUnited Kingdom News Agency London --- March 2, 2009...... As the worlds financial markets collapse, owners and renters of virtual office space are looking at a brighter, healthier future. While world governments from London, New York and Tokyo to Toronto, Paris and Jerusalem stream billions into the financial and banking systems to avoid a financial catastrophe and with all the uncertainty, doom and gloom surrounding the markets, Simeon Howard, sales manager of City Office remains confident about the future. “The world is more connected...