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3 Nov 2009 No Comments

Attorney Wins Bonus Points for Innovation

If FC had a grading scale for fraud, Scott Rothstein would get 50 bonus points for creativity. The Fort Lauderdale attorney is accused of promising investor returns on legal settlements […]

28 Oct 2009 No Comments

That’s Charity?

Charles Harrison of Charlotte, North Carolina had his elderly clients convinced their $11 million in investments was funding non-profit organizations. That’s true only if you consider his fine clothing and […]

26 Oct 2009 No Comments

An Investment Crime Whodunit

Patricia Cornwell now has real life fodder for her crime fiction, but investment fraud isn't really her forte. Cornwell is accusing Anchin Block &Anchin of mishandling her fortune. $40 million is gone and […]

26 Oct 2009 No Comments

Terrorist Support Carries Big Ticket

Recently, FC pondered the massive investment thefts at the hands of Raj Rajarutnam. Come to find out, that Mr. Rajarutnam may be more than greedy. He’s accused of funding a […]

26 Oct 2009 No Comments

Ponzi Mea Culpa

Richard Piccoli maintained an investment scheme for almost 30 years, luring victims with advertisements in Catholic newspapers and using clergy members as references. The New York crook confessed to bilking […]

26 Oct 2009 No Comments

Mets are Luckier with Money than Baseball

They don’t have the winningest record in MLB baseball, but the Mets hit a homerun on their investment with Bernard Madoff. The Mets ownership was one of the very few […]

19 Oct 2009 No Comments

Never Enough

Billionaire hedge fund manager Raj Rajaratnam is accused of insider trading that produced $12.7 million in illegal profits. Forgive FC, but at what point will these scammers figure out they […]

19 Oct 2009 No Comments

The High Life Has a Downside

Advisor Sean Healy is sorely disappointed to learn that the Ponzi party is over. According to the SEC, Healy used approximately $20 million he acquired through a Ponzi scheme to […]

19 Oct 2009 No Comments

Former ING Rep Gets Pumped Up

Pennsylvania advisor Frank Peperno took money from his securities business, put it in a business bank account, and used some of it to purchase a gym.  Frank, FYI the Feds […]

19 Oct 2009 No Comments

Stanford Pointing Fingers From Behind Bars

In an effort to offload some blame for his notorious $7 billion financial scandal, R. Allen Stanford fingered two former advisors who served at his firm. The two men are […]