In the hours before investors learned that Imperial Holdings was the target of a federal investigation, investors made a large number of bets that the company’s stock would plunge. (more…)
Archive for September 30th, 2011
Boca Raton Imperial Holdings stock drops 60% after FBI raid on headquarters
Friday, September 30th, 2011FBI, police raid Boca Raton Imperial Holdings
Friday, September 30th, 2011
FBI agents and Boca Raton police closed the offices of finance firm Imperial Holdings on Tuesday as they executed a search warrant.
On Tuesday afternoon, an empty U-Haul truck was backed up to the entrance of the company’s headquarters at 701 Park of Commerce Blvd., apparently ready to be filled with documents. (more…)