Blog
Former John Hancock Advisor Accused of Forgery
How’s that for irony? John Mondello was an advisor with John Hancock Financial Services in Long Island, NY who allegedly forged the signature of his elderly client and robbed her of her $1 million nest egg. Though his name is synonomous with ‘signature,’ American...
Salt in Stanford’s Wounds
As if it could get any worse for the beleaguered Texas financier Allen Stanford, he is now being stripped of his knighthood by the Caribbean nation of Antigua and Barbuda. Yep folks, you read it right. Mr. Stanford was actually a Knight. In the absence of that...
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 personal entertainment a charitable pursuit. Harrison admitted...
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 though it’s not all accounted for,...
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 group of suicide bombers of Sri Lanka. Now that’s about as bad as it gets, and that’s no joke....
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 millions through his Gen-See Capital Corp. He has 20 years to...
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 victims of the Madoff Ponzi scam to make a profit. To the tune of $48 million. But not so fast…...
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 already have enough money to support small countries? No need for piddley...