Richard M Fuscone

Richard Fuscone, a former top executive at Merrill Lynch who retired to "pursue personal and charitable interests" in 2000, declared personal bankruptcy in 2010. Fuscone, who has an M.B.A. from the University of Chicago and attended Harvard Business School, had a brush with the law in the early nineties — he was accused, along with other executives at Merrill, of securities fraud, for selling Orange County, California risky derivatives that caused it to go bankrupt. But he went on to become a shining star at Merrill. Fuscone was also active philanthropically. Just five years ago was being feted for making a major donation to the Juvenile Diabetes Foundation. He even started an investment-advisory firm, Dover Management, specifically to take positions in ethical companies. he eventually joined Greenwich securities firm Weeden & Company as the managing director of their fixed-income division. It's unclear when that position ended.