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Oct 21, 2011

Exclusive-Olympus trail reaches elusive banker’s resort home

BOCA RATON, Florida (Reuters) – A former Wall Street banker of Japanese descent has emerged as a key figure in the scandal engulfing Japanese blue-chip firm Olympus Corp, according to documents provided by the firm’s ex-CEO.

The veteran banker, Hajime ‘Jim’ Sagawa, owned an obscure U.S. financial firm which was hired by the endoscope-maker five years ago to provide what later turned out to be stunningly expensive advice, a fee of $687 million (435 million pounds), the documents show.

Oct 21, 2011

Olympus trail reaches elusive banker’s resort home

Oct 21 (Reuters) – A former Wall Street
banker of Japanese descent has emerged as a key figure in the
scandal engulfing Japanese blue-chip firm Olympus Corp (7733.T: Quote, Profile, Research),
according to documents provided by the firm’s ex-CEO.

The veteran banker, Hajime ‘Jim’ Sagawa, owned an obscure
U.S. financial firm which was hired by the endoscope-maker five
years ago to provide what later turned out to be stunningly
expensive advice, a fee of $687 million, the documents show.

Oct 12, 2011

Florida says more work needed in foreclosure talks

MIAMI, Oct 12 (Reuters) – Florida’s attorney general
dismissed media reports that a final settlement is imminent in
multi-state negotiations over alleged foreclosure abuses by
U.S. banks.

Florida Attorney General Pam Bondi also said states that
have pulled out of the negotiations should return to bolster
any deal. Federal, state and bank officials are expected to
hold another round of negotiations in Washington on Thursday.

Sep 26, 2011

Deloitte sued for $7.6 billion, accused of missing fraud

By Kevin Gray

(Reuters) – Deloitte Touche Tohmatsu Ltd DLTE.UL, the world’s largest accounting and consulting firm, was accused on Monday of failing to detect fraud during its audits of one of the biggest private mortgage firms to collapse during the U.S. housing crash.

A trust overseeing the bankruptcy of Taylor, Bean & Whitaker Mortgage Corp, or TBW, and one of the company’s subsidiaries filed complaints in a Miami Circuit Court claiming a combined $7.6 billion in losses.

Sep 26, 2011

Deloitte accused of missing fraud at mortgage firm

Sept 26 (Reuters) – Deloitte Touche Tohmatsu Ltd
[DLTE.UL], the world’s largest accounting and consulting firm,
was accused on Monday of failing to detect fraud during its
audits of one of the biggest private mortgage firms to collapse
during the U.S. housing crash.

A trust overseeing the bankruptcy of Taylor, Bean &
Whitaker Mortgage Corp, or TBW, and one of the company’s
subsidiaries filed complaints in a Florida court claiming a
combined $7.6 billion in losses.

Sep 25, 2011

Quest in jeopardy after jellyfish stings U.S. swimmer

MIAMI (Reuters) – U.S. long-distance swimmer Diana Nyad’s quest to become the first person to swim from Cuba to Florida without a shark cage was thrown into doubt late on Saturday after she was stung in the face and eyes, apparently by jellyfish, in the Florida Straits, her team said.

Nyad, 62, departed from the Cuban capital of Havana on Friday evening on her quest to make the 103-mile (166-km) crossing through shark-infested waters, a grueling swim expected to last around 60 hours.

Sep 25, 2011

Quest in jeopardy after jellyfish stings Cuba-Florida swimmer

MIAMI (Reuters) – Long-distance swimmer Diana Nyad’s quest to become the first person to swim from Cuba to Florida without a shark cage was thrown into doubt late on Saturday after she was stung in the face and eyes, apparently by jellyfish, in the Florida Straits, her team said.

Nyad, 62, departed from the Cuban capital of Havana on Friday evening on her quest to make the 103-mile crossing through shark-infested waters, a grueling swim expected to last around 60 hours.

Sep 24, 2011

American woman presses ahead in Cuba-Florida swim

MIAMI (Reuters) – American long-distance swimmer Diana Nyad stroked in the Florida Straits on Saturday, enduring stinging sea creatures as she pressed ahead in her latest bid to become the first person to swim from Cuba to Florida without a shark cage.

Nyad, 62, departed from the Cuban capital of Havana Friday evening in her quest to make the 103-mile (166-km) crossing, a grueling swim expected to last a total of around 60 hours.

Sep 23, 2011

Ex-Bolivian anti-drug chief gets U.S. prison sentence

MIAMI (Reuters) – A former top Bolivian anti-drug official was sentenced to 14 years in a U.S. prison on Friday in a cocaine trafficking case that proved a major embarrassment for Bolivian President Evo Morales.

Retired General Rene Sanabria, a former head of Bolivia’s leading counternarcotics unit, pleaded guilty in June to charges of conspiring to smuggle cocaine into the United States.

Sep 5, 2011

Chavez touts new “socialist” cars for Venezuela

CARACAS (Reuters) – Venezuelan President Hugo Chavez is making a new drive to put his socialist revolution on wheels.

The fiery critic of capitalism is promoting a government-led joint venture with a Chinese automaker that he says will offer cheaper cars to Venezuelans and promote socialist principles on the factory floor.