Archive for August 20, 2007

Ohio Investment Advisor Pleads Guilty to Securities Fraud

A Cleveland investment advisor will spend at least ten years in prison after pleading guilty to two charges of securities fraud for his role in a Ponzi scheme that defrauded investors of over $28 million.

Malawi Officials Delay Finalizing Adoption by Madonna

Malawi’s Child Welfare Services delayed finalizing Madonna’s October 2006 adoption of David, a Malawian orphan. Agency director Penston Kilembe cited financial and logistical limitations as causing the delay.