The scheme was perpetrated through Red Sea Management Ltd, a Costa Rican asset protection and offshore investments company founded and led by Jonathan Curshen, a dual U.S.-UK citizen residing in Sarasota, Florida.
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The challenge was daunting: The electronics and entertainment giant was struggling with red ink and management paralysis.
Also, when things went wrong, and the risk-management models flashed red, the firm could not unwind its positions as quickly as the model had assumed.
Citigroup (nyse: C - news - people ), which epitomized the diversification trend by combining insurance underwriting, securities, retail brokerage, consumer banking and asset management under one red umbrella in 1998 moved earlier this year to shed its life and annuity business.
There is case management technology in place for when red flags come up.
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Red Hat and other participants provide the equivalent of product management, collecting requirements and feeding them into the process.
The red list includes virtually every big brokerage and money-management firm including AIG Asset Management, AllianceBernstein, Blackrock, Charles Schwab, Fidelity and even TIAA-CREF.
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To read the prior five interviews with the CIO-pluses from Waste Management, McKesson, Merck, Red Robin Gourmet Burgers and Ameristar Casinos, please click this link .
To read the prior six interviews with the CIO-pluses from Waste Management, McKesson, Merck, Red Robin Gourmet Burgers, Ameristar Casinos, and Owens Corning, please click this link .
The legendary Romanian facialist moved 10 years ago to the management side as global chief creative officer for Red Door Spas, but is now offering her services through a two-hour uber-facial at the Chatwal Hotel's Red Door Spa in Manhattan.
Our legislature needs to revamp the entire management and operational structure of the state by ordering a red tape reduction and streamlined targeting of employers in emerging economic sectors.
Critics point to Mitchell's close ties to the Red Sox and concern that he might not be willing to expose baseball management's responsibility in allowing the drug problem to spread.
The flow of the river, made constant by careful management to please consumers, did not suit the handsome river red gum trees along its banks, which thrive on drought and flood.
To read the prior twelve interviews with the CIO-pluses from companies like Waste Management, McKesson, ADP, Walgreens, Owens Corning, Red Robin Gourmet Burgers, and Ameristar Casinos please click this link .
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The technology magazine Red Herring sponsors a workshop on attracting investment, there are keynote speeches from senior management figures at Intel, Digital, Citicorp and Cisco Systems and Intel unveils "e-business solutions and consumer applications" on its stand, its first-ever appearance in the five-year history of the show.
Sad to say, the same red flags that should have ended Madoff's scam years earlier are visible throughout the investment management world and are putting trillions of dollars of public pension money at risk.
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