Morgan Stanley executive sentenced to 7 years in prison
This is just one of our articles referencing Saxon Mortgage complaints about mortgages, HAMP modifications, foreclosures, service, and more:
Morgan Stanley is the parent company of Saxon Mortgage. Du Jun, former managing director of Morgan Stanley has been sent behind the bars for seven years by a Hong Kong court for insider trading. Du Jun has also been ordered to pay a fine of HK$23.3 million.
41-year old Du Jun was found to have reaped HK$33.4 million from trading stock in a Chinese state-owned investment firm while advising it on the acquisition of a Kazakhstan oil field.
Du Jun purchased stock of $11 million in Citic Resources, which is the arm of China’s largest state-owned investment company, Citic Group and sold half of the stock for the profit of $4.3 million after the deal was announced.
I hope he likes rice and water. Du is no longer employed by Morgan Stanley.
More Saxon Mortgage Articles Like This One
- Morgan Stanley profits jump, Saxon Mortgage not mentioned
- Morgan Stanley boosts executive pay, no help for Saxon
- Morgan Stanley settles lawsuit in Massachusetts
- Morgan Stanley pays $7.5 million to avoid trial
- Has Saxon Capital Inc tainted Morgan Stanley?
Search for more of our articles. 303 articles have been published in this section
Twitter users - the Tiny Url for this post is http://tinyurl.com/nekumz