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Stories of Interest
- Barclays and Deutsche Bank to Lag U.S. Trading Peers
- NY AG Schneiderman Seeks to Close Loophole That Could Let Trump Pardons Block State Charges
- 'Fearless Girl' is Moving to NYSE After Year Staring Down 'Charging Bull'
- What's In Your Wallet - American Express Shares Soar After Earnings Release
- Deutsche Bank's Executive Departures Continue Following Change in CEO
- Reflections of an Economist Commissioner (SEC's Piwowar)
- Billionaire HF Manager and The Fed Chair Runner-Up are Investing in New Cryptocurrency
- Court Finds 2 Brokers Liable for Fraud Involving Mortgage-Backed Securities
- One FINRA: An Organization’s Commitment to Diversity and Inclusion
- 2018 GASB Accounting Support Fee to Fund the Governmental Accounting Standards Board
- Barclays Eyes Move Into Cryptocurrency Trading
- Goldman Breaks From Wall Street Pack with Bond-Trading Boom
- Janney Montgomery Scott CEO Joins FINRA Board of Governors
- SEC Encourages Investors to Do Background Checks on Investor.gov
- The Martin Act: Wall Street Titan Takes Aim at Law That Tripped Him Up
- Bank of America’s Cost-Cutting Drive Pushes Profit to Record
- Larry Fink: Wall Street’s $6 Trillion Man Finally Worth $1Bn
- Activist Investor Wants Barclays Investment Banking Overhaul (Video)
- House Passes Bill to Streamline 'Volcker Rule'
- CEO Charged with Penny Stock Fraud - SEC
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NEWSLETTERS & ALERTS
Philadelphi D.A.Pleads Guilty to Bribery and Resigns
[Photo: by Tom MacDonald/WHYY; newsworks.org]
Nearly 2 weeks into his trial on bribery charges, Philadelphia District Attorney Seth Williams, 50, pleaded guilty and resigned from his government position. He had been indicted by a federal grand jury in March. [See Financialish, 3/24]
Once considered a rising Democratic star, Mr. Williams was first elected D.A. in 2009 and he easily won reelection in 2013. The twice-elected official, who was earning $170,000/year, essentially threw his life away for just $54,000 in cash, vacations, a car and other gifts over a 5-year period.
It remains to be seen whether Mr. Williams' arrest becomes "an excuse for keeping future qualified minority candidates from being elected to public office."