Blog
Federal Financial Regulators Agree to Share Information
After all that has been happening in the business world this year it comes as no surprise that the Federal Reserve and the SEC will begin to work more closely in the future. One area that we should expect to see more attention is fleecing as efforts in money...
David B. Pinkerton’s charges are dropped
Aaron Siegel of Investment News reports that David Pinkerton will not be convicted of conspiracy to violate the Foreign Currupt Practices Act or money-laundering conspiracy. Full article: Charges against AIG Global exec dropped Original report (Oct. 10, 2005): AIG...
Samuel Israel’s Mom
InvestmentNews.com reports that Samuel Israels mom was behind bringing Israel back to police. They report that she had been in touch with him for several weeks and pressured him to turn himself over to the police. The article by Aaron Siegel can be read here.
A message to current Fleecers from Fleecing Central
Reading a quote from Phillip Bennett that he said prior to entering his plea, “I know I was wrong, and I deeply regret it. I take full responsibility for my actions. I wish to publicly apologize to my family and to all those I’ve harmed.” made me think that it wasn't...
Phillip Bennett
Phillip Bennett formerly of Refco was sentenced to 16 years in prison for trying to hide huge losses from the investing public. The debt of $430M of the firm that Bennett controlled that was owed to Refco was hidden when Refco went public. The Yahoo article can be...
Jeff Skilling and Ken Lay
I found a link to the verdict and sentences from all of the charges against the Enron Executives. The list can be seen here.
Joseph Nacchio
You can see the Times Topics page with articles about Joseph Nacchio here.
Gary Lewellyn
Gary Lewellyn faced a 20-year sentence for fleecing $17.7M from two banks in Iowa. The NY Times article, published on November 18, 1982, can be seen here.