Record #:

30380

Author(s):

Moore, Timothy R.

Abstract:

Ponzi schemes are the country’s most prevalent type of investor fraud. The essence of the Ponzi scheme is new investors pay off old investors at high rates of return, which then attracts new investors, and the cycle continues and grows until it collapses on itself or is discovered. This article discusses cases of Ponzi schemes in North Carolina and bank procedures for addressing fraud.

Source:

Carolina Banker (HG 2153 N8 C66), Vol. 91 Issue 4, Winter 2012, p26-29, por

Subject(s):

Fraud; Bank investments; Banks and banking

Record #:

33048

Author(s):

Not Given

Abstract:

Carolina Securities Corporation is one of the only two North Carolina-based full-service securities firms with a seat on the New York Stock Exchange. Experiencing a record year in terms of revenues in 1984, Carolina Securities continues aggressive recruiting and training programs. Carolina Securities has become a leading investment banking and brokerage firm with sixteen branch offices across North Carolina.

Source:

We the People of North Carolina (NoCar F 251 W4), Vol. 42 Issue 12, Dec 1984, p30-31, por

Subject(s):

Securities; Brokers; Bank investments

Record #:

1121

Author(s):

O'Conner, Dixie B.

Abstract:

In accordance with the 1977 Community Reinvestment Act, NC banks are lending money and revitalizing community areas at a rate heretofore unequaled.

Source:

Southern City (NoCar Oversize JS 39 S6), Vol. 43 Issue 5, May 1993, p1, 10-11, por

Subject(s):

Bank investments; Financial institutions--Investments; Community development--Finance