Blog
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...
David Pajcin
The former Goldman analyst is on the fleece after violating his parole. The US attorneys office and his lawyer believe he has fled the country. Pajcin, along with Eugene M. Plotkin, were convicted of an insider-trading scandal. The conviction was for a $6.7M...
sharesleuth.com
It looks like Mark Cuban has done some great work towards uncovering fleecers. We recommend highly recommend viewing his site sharesleuth.com.
Sholom Rubashkin
The Wall Street Journal reported on 11/16/2008 that Mr Rubashkin diverted millions of dollars in customer payments into the wrong bank account. This is his second arrest in the past month as he was arrested for allegedly helping illegal immigrants get fake documents....