Lindsay Lohan's Lawyer Gives Up

Maureen O'Connor · 07/08/10 03:19PM

Shawn Chapman Holley has announced she'll no longer be serving as Lindsay Lohan's defense attorney. (Apparently LiLo replaced her with this lady, "who was just admitted to the bar in November," per TMZ.) Also, LiLo may soon lose another lawsuit.

E-Trade Compiles Bible of Lindsay Lohan Scandals

Max Read · 05/10/10 07:53PM

Remind us not to get in a fight with E-Trade: The company is responding to a defamation suit from Lindsay Lohan with a hundred-page document "detailing Lohan's drug abuse, brawls and DWI busts," just to prove she lives in California.

Now we can blame the Pets.com sock puppet for two burst bubbles

Nicholas Carlson · 09/30/08 02:40PM

The last time I saw the the Pets.com sock puppet was during an E-Trade Super Bowl commercial. In it, a chimp rides a horse through a postapocalyptic, postbubble Silicon Valley. At the end of the 30-second spot, a wrecking ball crashes through an office building, and the puppet flies out, landing dusty and ragged at the chimp's feet. The chimp picks up the puppet and a tear rolls down his face, as he mourns a tarnished symbol of '90s exuberance. But watching today's financial news, I'm thinking the chimp should have burned the little sucker. Because then BarNone — a subprime lender, of course — wouldn't have been able to purchase the rights to the puppet for $125,000 and keep its wretched curse alive. "Everybody deserves a second chance," my foot.

California man successfully scams Google out of $8,225

Jackson West · 05/27/08 06:40PM

Plumas Lake, California's Michael Sargent managed to roll a ton of pennies into a five-figure pay day by gaming E-Trade, Charles Schwab and Google Checkout customer verification systems in an ingenious scheme reminiscent of the one perpetrated by characters Peter, Michael and Samir in 1999's cubicle culture classic Office Space. Using aliases, including character names from Office Space director Mike Judge's cartoon King of the Hill, Largent used a script to sign up for new accounts and then collect the few cents used to verify his checking account information. In six months he managed to milk E-Trade and Schwab for over $50,000 according to Wired. And now he's indicted on charges of computer fraud, wire fraud and mail fraud. But while the Secret Service says he bilked Google Checkout for $8,225.29, he's not being indicted on charges related to that part of the plan. Granted, even if he doesn't have to return that money, he'll probably have to spend it on lawyers.

E*Trade misses Q1 earnings

Owen Thomas · 04/17/08 05:10PM

Despite turning into a bank, E*Trade retains large offices in the Bay Area. Perhaps set to become smaller. The online broker, embroiled in the market's mortgage mess, missed Wall Street's expectations for first-quarter earnings. [E*Trade]

Nicholas Carlson · 03/03/08 12:50PM

E-Trade named its chairman, former JPMorgan Chase executive Donald Layton, as its new CEO today. Layton joined E-Trade as its chairman in November, after hedge fund Citadel invested $1.75 billion in the company. E-Trade lost big money investing in mortgage-backed securities. [WSJ]

Tech ads from the Super Bowl

Jordan Golson · 02/03/08 11:37PM

While none of these can match the drama of Apple's 1984 ad — or the actual football game — a few of this year's crop of tech ads made me laugh. Check out these clips from Dell, GoDaddy.com, Cars.com, CareerBuilder, E-Trade and more.

The 10 most memorable tech Super Bowl ads

Nicholas Carlson · 02/03/08 08:00AM

Behold the best tech ad in Super Bowl history: Apple's "1984" ad, which cost $1.6 million to make and run, and only aired nationally once. The following nine ads, while perhaps not as iconic, are all fascinating in how they seek to make the mysteries of tech compelling to the masses.

E-Trade gets hedge-fund bailout

Nicholas Carlson · 11/29/07 04:48PM

Faced with its own little chunk of the subprime mortgage crisis, E-Trade, one of the Internet's oldest brokerage firms, announced today it will take a $2.55 billion cash infusion from Citadel Investment Group. The bailout comes after E-Trade announced $197 million in pretax writedowns on its portfolio of securities and said it set aside another $237.8 million in loan-loss provisions, according to the WSJ. But fret not, this is good news. Citadel made its bet because it feels the mortgage market is at a low point and that E-Trade's mortgage securities retain their intrinsic value. It's a bet that things will go back to normal. No coal in your stockings after all, E-Traders!