Tag Archive: Bank of America


While Indianapolis Colts stud Dwight Freeney was crushing NFL QBs … 2 financial advisors allegedly sacked him in an embezzlement scheme involving millions of dollars, luxury hotels, and a private jet … TMZ has learned.

According to the Federal complaint — obtained by TMZ — Eva D. Weinberg andMichael A. Stern were busted late last week after a lengthy investigation revealed how they “conspired to defraud victim D.F., a professional football player.”

According to the docs, Weinberg is a financial advisor at Bank of America who worked with Freeney, controlled several of his accounts, and introduced him to Stern … also a financial advisor.

The feds claim Weinberg and Stern did major damage between May 2010 and October 2011 — making $2.2 million in fraudulent transfers from Dwight’s accounts to Arms Reach Consulting — a company controlled by Stern.

When Freeney finally noticed one of the bogus transfers in 2011, and discovered Weinberg and Stern were dating … he called the FBI.

One FBI investigator says some of the items Weinberg and Stern purchased with Freeney’s cash include expensive sunglasses, stays in luxury hotels, and — best of all — they planned to buy a private jet for $1.5 million!

According to the docs, agents even heard Stern brag on the phone … “no one would be able to connect him to the [consulting] account if the wire transfers were investigated.”

Clearly he was wrong … agents arrested Weinberg in L.A. and Stern in Miami. Both were charged with wire fraud.


Market Data

Dow Jones 12616.52 Up 37.57 0.30%
Nasdaq 2792.33 Up 22.62 0.82%
FTSE 100 5741.15 Up 38.78 0.68%
Dax 6416.26 Up 61.69 0.97%
Cac 40 3328.94 Up 64.01 1.96%
BBC Global 30 5911.49 Up 27.59 0.47%

Marketwatch ticker

Data delayed by 15 mins

Bank shares have lifted European stock markets amid hopeful economic signals, results from US banks and a report suggesting the ECB was providing more loans to banks than had been thought.

Successful French and Spanish bond auctions and falling US unemployment claims all helped improve sentiment.

Bank of America and Morgan Stanley’s results were better than expected.

Commerzbank shares rose 15% after it said it would be able to increase its capital without government help.

Also in Frankfurt, Deutsche Bank rose 8%.

In London, Barclays shares rose 10% while Lloyds and RBS were both up 9%.

In Paris, Societe Generale rose 13%, Credit Agricole rose 9% and BNP Paribas gained 8%.

The soaring bank shares helped Europe’s benchmark indexes to strong closes, with the FTSE 100 ending up 0.7% at 5,741 points, its highest closing level since the start of August.

The Cac 40 in Paris closed up 2% while the Dax in Frankfurt gained 1%.

Continue reading the main story

“Start Quote

It represents slightly more substantial sticky plaster for the eurozone than many investors may have believed was being applied.”

image of Robert Peston Robert Peston Business editor, BBC News

Some of the gains in banking shares were sparked by a report from Morgan Stanley, which said that the European Central Bank was flooding the eurozone banking system with even more cheap loans than had previously been thought.

“Perhaps more significantly, Morgan Stanley thinks that financial regulators and the ECB are together conspiring to give incentives to banks to use much of this cheap cash to buy government debt, especial Italian and French sovereign debt,” said BBC business editor Robert Peston.

“Or to put it another way, the ECB doesn’t want to be the lender of last resort in a direct sense to a government struggling to borrow such as Italy. But it is happy to lend to Italy when mediated by Italian banks, even when those banks aren’t the strongest on the planet.”

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