Blog
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...
Cheaters Never Prosper… Or At Least Not for Long
Thanks to a friend in investment banking, hedge fund manager Joseph Contorinis is charged with investment fraud. Using inside information from his buddy, Contorinis allegedly made illegal trades. Although he managed to rake in $7 million, that cheat and win streak is...
Seven Years for $5 Million
Virginia’s Mark Donnelly robbed clients of more than $5 million in an elaborate Ponzi scheme. In return for his guilty plea, a judge sentenced him to seven years in prison. That may be just enough time to figure out how to make an honest living. Check out the details...
Even Madoff Knows it Takes a Village
It’s not easy being a fraud, even for Bernard Madoff. Come to find out, his long-time auditor is finally admitting to helping fuel the enormous Ponzi scheme. Accountant David Friehling pleaded guilty to charges of securities and investment advisor fraud. For...