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Article: Perfect pitch turns to dust.
- Article from:
- Australasian Business Intelligence
- Article date:
- October 25, 2001
CopyrightCOPYRIGHT 2001 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Oct 26, 2001 (The Australian Financial Review
ABIX via COMTEX) -- The US Federal Bureau of Investigation is investigating a case of money laundering. The case concerns the New York-based foreign exchange trader, Evergreen International Spot Trading. A large number of Australian and New Zealand investors have been hard hit. Evergreen has ceased to function normally, its brokers and other employees all having lost their jobs. On 5 October 2001, The US Department of Justice froze the accounts Evergreen's clearing house, First Equity, including accounts at National Australia Bank and Bank of New Zealand. First Equities' Manhattan offices were destroyed in the collapse of the ...