Fraud Hits Lehman (LEH)

Posted: March 29, 2008 at 5:06 am

Lehman Brothers has been the victim of fraud to the tune of $250 million. According to The Wall Street Journal "swindlers used forged documents from one of Japan’s biggest trading companies."

The money taken was for loans to a Japanese medical company secured by certificates from Marubeni, a large Japanese trading company.

Douglas A. McIntyre

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