Palm Beach Finance can pursue $1B Ponzi claim vs. GE Capital

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August 28, 2013 by apicomely

Zurich Insurance Finance Chief Pierre Wauthier Found Dead

Petters, of Minneapolis, is serving 50 years in prison for running the third-largest Ponzi scheme in U.S. history a behind those of Bernie Madoff and R. Allen Stanford . Palm Beach Finance was a set of investor funds that invested in Pettersa business operations.

Wauthier, a married father of two, was appointed CFO at Switzerland s largest insurer in September 2011 after previous roles as group treasurer and head of centrally managed businesses. The board of directors, group executive committee and all of our colleagues are deeply saddened and pass on our condolences to the family and relatives, Chief Executive Officer Martin Senn said in a statement yesterday. Schlatter said that Wauthier lived in Walchwil, a municipality on the eastern shore of Lake Zug. The citizen of Britain and France had joined Zurich Insurance in 1996. Vibhu Sharma, group controller, will take over as CFO on an interim basis, according Zurich Insurance.

Honda Canada Finance sells C$550 mln of notes – term sheet

Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 11% would appear considerably attractive if that yield is sustainable. Fifth Street Finance Corporation ( NASD: FSC ) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.

Fifth Street Finance (FSC) Passes Through 11% Yield Mark

The issue included C$300 million ($286 million) of floating-rate notes due Dec. 3, 2015. The notes, which were priced at par, have a coupon rate of 42 basis points over the three-month Canadian Dealer Offered rate or CDOR. Honda Canada Finance also sold C$250 million ($238 million)floating-rate notes due Dec.

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