AA Capital's Orecchio Gets Pinched

MacFadyen, Ken
September 2006
Investment Dealers' Digest;9/25/2006, Vol. 72 Issue 36, p3
Trade Publication
The article reports on the misuse of funds of ABN AMRO by John Orecchio, the head of the company, in Chicago. Orecchio has been ousted from the company after being found out to have been pilfered at least $5.7 million from ABN AMRO Capital's investment fund for personal use. Another $5 million of limited partner funds has also been misappropriated by Orecchio, in payment for the firm's business expenses.


Related Articles

  • Rebirth for Mortgage.com. Grant, Rick // National Mortgage News;3/4/2002, Vol. 26 Issue 23, p1 

    Reports the investment in technology by ABN AMRO Inc. in Ann Arbor, Michigan. Focus on the operation of the Mortgage.com retail origination Web site of the company; Personal views of Willie Newman, executive vice president of the company, on technology investment of ABN AMRO; Assessment on the...

  • Dog's decision tree for ABN's pedigree portfolio. Stevenson, Rachel // Money Marketing;4/18/2002, p26 

    Reports on the advertising campaign of ABN Amro to promote how its discretionary managed portfolio service helps independent financial advisers make investment decisions as of April 18, 2002. Animal featured in the advertising; Investment strategies of the firm represented in the advertising;...

  • INVESTMENT UPDATE. Daley, James // Money Marketing;3/21/2002, p2 

    Presents an update on investments as of March 21, 2002. Launch of ABN Amro's Isa cafe; Discount offered by Franklin Templeton Investments on Isa investments; Details on the recovery growth plan 2 product offered by NDF.

  • ABN Amro Launches High-Yield Fund. Lewis, Jakema // Investment Management Weekly;5/26/2003, Vol. 16 Issue 21, p4 

    Reports on the launch of a high-yield fund by ABN Amro. Principal investment goal of the fund; Target of the fund; Fund managers selected by ABN to co-manage the stateside version of the product.

  • ABN Amro adrift as fund duo jump ship. Duncan, Chris // Money Marketing;5/30/2002, p11 

    Looks at the problem facing ABN Amro following the decision of George Luckraft and Nigel Thomas, its resigned star fund managers to move to Framlington with immediate effect. Implication of the problem for the firm's presence in Great Britain's retail market; Value of assets managed by Luckraft...

  • £2bn merger for Artemis and ABN Amro. Duncan, Chris // Money Marketing;6/13/2002, p1 

    Reports on a merger between financial firms ABN Amro and Artemis Investment Management as of June 2002. Terms of the deal; Management changes resulting from the merger; Benefits from the transaction.

  • Street Eyes Linux ROI. Schroeder, Mary // Securities Industry News;4/14/2003, Vol. 15 Issue 15, p1 

    The article focuses on the return on investment received by beta customers of Reuters Market Data System (RMDS) by migrating from UNIX-based TIB. Company can expect upto 130 percent ROI over three years by migrating to RMDS on Linux. The core infrastructure of RMDS, Reuters' market data...

  • ABN Amro: revealing all.  // MarketWatch: Global Round-up;Apr2005, Vol. 4 Issue 4, p119 

    The article reports on the plans of ABN Amro to launch an index aimed at tracking investment performance in the private banking industry. The new index is intended to act as a guideline for wealthy clients to show how their investments should be performing. The index will measure the performance...

  • ABN Amro promotes emerging markets. Long, Danielle // New Media Age;10/11/2007, p10 

    This article reports on the online campaign launched by financial services company ABN Amro to promote its emerging markets investment products. The activity is part of an initiative by ABN Amro Markets, which is planning to leverage its products following interest in emerging markets such as...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics