Undisclosed Leverage Risks as Fraud

[Gladiator]

Did Merril Lynch disclose all leveraged risks before the Bank of America Deal?

Bank of America | Newsroom - Press Releases

Why doesn't Bank of America sue for cacellation of the deal for fraud, for failing Merril Lynch failing to disclose leveraged risks?

Is there an unwritten agreement among Gankers and Wall Street not to sue about undisclosed leveraged risks?

What should be the priciples of liability governing a failure to disclose leveraged risks?

Ben Bernanke, Federal Reserve Chairman, looked like he swallowed a canary when he talked about Merril Lynch


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[Gladiator]

Openheimer Fund Fraud


"We have completed our investigation into the Oppenheimer Champion Income Fund (OCHBX, OPCHX and OCHCX) and the Oppenheimer Core Bond Fund (OPIGX) Fund and plan on filing FINRA arbitration lawsuits to recover investment losses in the Funds for fraud and the failure to disclose the material risks of the Fund. Unknown to most clients, the Funds were defacto hedge funds, investing in extraordinarily risky derivatives that were highly illiquid."


Investigation Results into Oppenheimer Fund Fraud


"Wrong-way bets on subprime mortgage securities and risky credit-default swaps have created a financial nightmare for investors of the Oppenheimer Champion Income Fund (OCHCX). The fund has fallen by more than 80% in value, making it the worst-performing taxable high-yield bond fund of 2008. By comparison, similar bonds were down 30%."

Oppenheimer Champion Income Fund & Core Bond Fund - OppenheimerFunds Losses Reviewed


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