by Justin Knapp | Feb 26, 2009 | People
Greenwood and Walsh are charged with conspiracy, securities fraud and wire fraud in an estimated $553M fraud. The misappropriated funds were used to fund a lavish lifestyle, raising show horses and collecting rare items. Between January 1995 and September 2008 the...
by Justin Knapp | Feb 17, 2009 | International, People
Allen Stanford is being charged with a "massive ongoing fraud" in relation to $8B of CDs that were sold to investors with promised returns exceeding 8%. There were 30,000 CDs sold in 131 countries. The full Reuters article can be read here.
by Justin Knapp | Feb 16, 2009 | People
The NTIMES.com article Imprisoned Felon Was Adviser to Madoff Investor shows that Victor Teicher, a convicted felon, was a money manager for a firm that invested $2B of its clients' assets with Madoff.
by Justin Knapp | Jan 27, 2009 | People
Cosmo is being charged with mail fraud in what could be a $380M Ponzi scheme. Cosmo is the founder of Agape World Inc. A company that is claimed to have been started in 1999, a year that Cosmo was in prison for misappropriating funds. While in prison it is reported...
by Justin Knapp | Jan 20, 2009 | People
According to Bloomberg.com one of the funds was earning 32% annual returns between 2000 and 2006. The article also notes that Mr. Nadal was disbarred in New York in 1982, being found guilty of dishonesty, fraud, deceit, and misrepresentation.
by Justin Knapp | Jan 17, 2009 | People
This NYTIMES.COM article gives a great summary of Marcus Schrenker, who was arrested last week after trying to fake his death and jumping out of his own plane. The picture below pretty much says it all.
