Blog
Hint: 1000% Returns Could Be Unrealistic
Hard to believe investors actually fall for this, but it’s true. A couple of Omaha companies were promising clients 1000% annual returns. The Nebraska Department of Banking and Finance ordered them to discontinue sales and the circumstances are suspicious. Going...
Sneaky Switcheroo
Unbeknownst to her, William Blair client Josephine DesPart’s account status was changed from non-discretionary and commission-based to discretionary and fee-based. On top of it all, the two former William Blair brokers set up a fake email account where her account...
Fleecing Central Meets the Big Screen
Drama isn’t just for the movie set in Nicolas Cage’s world. He filed a lawsuit against his former manager, Samuel Levin for incompetence seeking $20 million in damages. Cage is facing financial ruin, but he’s also facing a counter suit from Levin for fees due to him...
Rocky Mountain High Losses
Jerrald Green of Denver is accused of running a Ponzi scheme, racking up to $12 million. The good news is that Mr. Green claims the whole ordeal is just a “misunderstanding.” Mmmm hmm. The Colorado securities commissioner notes in a civil case that Green received...
“Three Hebrew Boys” Recreating an Inferno
South Carolina crooks, Timothy McQueen, Joseph Brunson, and Tony Pough dubbed themselves the “three Hebrew boys” in reference to the biblical story of boys who withstood an inferno for their faith. It’s unclear how on earth to make such a biblical connection when...
Only Thing Green is the Money
The SEC doesn’t care for Mantria Corp’s idea of green investments. And neither do the elderly investors who were robbed of more than $30 million. Turns out this questionable company was dealing in organic waste with absolutely no value. Catch the details from...
Life in the Fast Lane Slows Considerably
The fast lane may not be so fast now that authorities have seized Scott Rothstein’s Ferarri Spider. FC noted the Ft. Lauderdale attorney’s exploits in previous posts. But now the Wall Street Journal has dug deeper into Rothstein’s speedy lifestyle. The FBI is also...
Ring of Lies Grows
Raj Rajaratnam is far from alone in a supposed ring of Wall Street crooks. Twenty Wall Street professionals and attorneys have been charged in a growing ring of insider trading. These folks are accused of breaching confidentiality and ethics in every which way. It’s...