Union First Market Bank filed suit last week in Chesterfield County Circuit Court in an attempt to recoup $5.5 million from a Midlothian-based homebuilder.
John Nelson, Altria’s chief technology officer, exercises options to acquire more than $2.5 million in stock. Meanwhile, the parent of Village Bank says it is unable to file its financial report for the second quarter in time to meet the deadline set by the SEC.
The lawyer representing a local man named in Ponzi scheme lawsuits filed by federal authorities in Florida says there’s more to the story. Chris Bruno, an attorney in Northern Virginia who is defending Richmond businessman William Center, said Center has agreed to cooperate with authorities in recovering the money that was collected in the scheme…. Read more »
The attorney working to recover funds from a $28 million Ponzi scheme says there are people and entities in Richmond and that may have profited from the alleged fraud.
Essex Bank says that it will not pay the U.S. Treasury its dividend for TARP funds this quarter and that it might close branches.
A Richmond man allegedly helped run a $28 million Ponzi scheme that was uncovered in June, according to two regulatory agencies and civil suits filed in Florida.
A local startup wants to rescue consumers from the pain of hearing the dreaded words “a representative will assist you shortly.” And the two brothers behind it are trying to raise $1 million in VC.
Markel reports a loss, citing an earthquake in Chile and the BP oil spill. Plus insider trades at local banks and other firms.
Two local banks are getting more pro-active to unload the property they have taken in foreclosure – property they don’t really want to own. And they’re willing to offer favorable financing to buyers.
A Richmond-based private equity fund lost more than half its value when a Florida bank hit the skids. But the fund’s managers and at least one investor remain hopeful that other investments will more than recoup those losses.