Securities

Accountant to take over businesses while Kaysville owner is investigated

SALT LAKE CITY -- A U.S. bankruptcy court judge has ordered a forensic accountant to take control of a Kaysville man's businesses.

Dee Allen Randall is under investigation for possibly taking $65 million from more than 700 investors over the past several years. He owns a number of businesses, including Horizon Mortgage & Investment, Horizon Financial & Insurance Group and Horizon Auto Funding. He had promised returns of up to 14 percent through investments in real estate, auto leases and insurance, according to court documents.

Bank of America nears $8.5-billion deal over mortgage-backed securities

LOS ANGELES -- In the latest blow from its takeover of Countrywide Financial Corp., Bank of America Corp. tentatively agreed to pay $8.5 billion to settle claims by large investors stung by losses on mortgage-related securities that Countrywide issued.

The final details of the agreement were still being worked out, according to a bank executive knowledgeable about the pending settlement but not authorized to discuss it publicly.

The 22 investors, including money-management giants Pacific Investment Management Co. of Newport Beach and BlackRock Inc.

Advertisement
  +

Recent Comments

Latest Blogs

Blogging the Rambler
Would a real fiscal conservative have bought that...
By: Charles Trentelman

Wednesday, May 23, 2012 - 11:54am

The Political Surf
Catholic dioceses, colleges will likely beat Obamacare...
By: Doug Gibson

Friday, May 25, 2012 - 2:47pm

Me, myself... as mommy
Is addiction to Adderall really more appealing than...
By: MeganSanders

Tuesday, May 8, 2012 - 12:26am

Why Are You Crying?
Pakistani justice salutes bin Laden
By: Mark Shenefelt

Wednesday, May 23, 2012 - 11:43am

Standard-Examiner Sports Blogs
Tyrone Corbin just loves watching basketball, would...
By: Jim Burton

Tuesday, May 8, 2012 - 4:20pm

Latest Tweets