Blog
In Fraud Case, Middlemen in Spotlight – Walter M. Noel
The nytimes.com article overviews Walter Noel, one of the investors in Madoff's Ponzi scheme.An excerpt from the article:People in the industry continue to question Fairfield’s due diligence. Michael Markov, a hedge fund consultant, said that he was hired by a...
Daniel S. Laikin
The CEO of National Lampoon, who owns interest in the Animal House and Vacation movies. He is being charged with conspiracy and securities fraud for trying to artificially inflate the companies stock price. He also is said to have paid kickbacks to a stock promoter.A...
Ronald E. Ferguson
Mr. Ferguson was sentenced to two years in prison and a $200,000 fine for conspiracy, securities fraud, mail fraud and making false statements to the Securities and Exchange Commission. The former CEO of General Re Corporation was convicted for his role in taking out...
SEC: Did they do enough?
In the article Watchdog queried over Madoff case bbc.com discusses how the SEC should have been able to spot the fraud earlier as they received complaints as far back as 1999 about returns from Madoff. There is also a good section on the fraud's impact on charities.
Rod Blagojevich and John Harris
Illinois Governor Rod Blagojevich and his Chief of Staff John Harris have been arrested on Federal Corruption charges including trying to sell Barack Obama's Senate seat. More to come as the story continues to develop.
William Del Biaggio
The SEC has charged venture capitalist, William Del Biaggio, with fraud. He is charged with defrauding investors and using the proceeds to buy his $25M share in the NHL's Nashville Predators. Using his clients' assets as collateral, he was able to obtain $100M...
Huang Guangyu
The New York Times reports that Huang Guangyu, one of China's wealthiest entrepreneurs has been detained by police in a stock price manipulation investigation. Forbes estimated that Huang Guangyu was had wealth around $2.7B. Shares of Gome Electrical Appliances...
Fleecers on Bush’s pardon shortlist
Some fleecers that have been featured on fleecing central are on Dafna Linzer of slate.com's short list of potential recipients of the outgoing president's pardon. Its a great list full of bribery and fraud. Notable names are those of Skilling and Fastow of...