A legal expert and a former police detective said that the attention of the New York state law enforcement had given on the death of Philip Seymour Hoffman was largely because of his celebrity status.
The New York Department of Financial Services led by Superintendent Benjamin Lawsky has ordered the halt of the $39 billion acquisition of Wells Fargo & Co's rights to collect payments on mortgages by Ocwen Financial Corp on fears that the latter will not be able to fully provide services to the borrowers of the said loans.
The latest arrest of three former executives of a Wall Street firm signaled the intensified efforts of Manhattan District Attorney Cyrus Vance's special bureau to solve complex economic cases in the financial industry.
US prosecutor Assistant Attorney Matthew Schwartz wrote in a letter to the court that claims to former Bernard Madoff executive Daniel Bonventre's vulnerability was inappropriate and that it does not say whether he was been fooled or lied to by his former employer.
