The guilty plea of Minneapolis money manager Trevor Cook and the Court’s dismissal of a Wisconsin lawsuit against Associated Bank, are mentioned by today’s "Asset Search News Roundup":

* At a plea hearing that took 33 minutes yesterday, Trevor Cook pleaded guilty to counts one and two of his of his criminal information.  At that time, Mr. Cook was convicted of violating 18 U.S.C. §1341 (mail fraud) and 26 U.S.C. §7201 (tax fraud.).  A press release described Mr. Cook’s plea agreement and the securities fraud / Ponzi scheme he had caused.

* "Associated Bank Sued For Supposedly Ignoring Red Flags" examined a Wisconsin lawsuit claiming anti-money laundering regulations had been violated.  That same lawsuit was dismissed one week ago, as reported by "Judge dismisses lawsuit against Associated Bank".  My April 10, 2010 post was about a similar lawsuit brought against Wachovia.   

 Copyright 2010 Fred L. Abrams