by Justin Knapp | Jan 17, 2009 | Companies, International, People
B. Ramalinga Raju may have taken up to $1B from the company rather than the initial claim that the company had made up the money. "Mr. Raju, who was Satyam’s chairman, said in a letter to the company’s board on Jan. 7 that about $1 billion of the company’s cash...
by Justin Knapp | Jan 8, 2009 | Companies, People, Religion
Mr. Piccoli and his company Gen-See Capital Corp. are being sued for operating a Ponzi scheme targeting Catholics. They placed advertisements in Catholic publications trying to lure investors. The SEC claims, however, that no money was actually being invested in...
by Justin Knapp | Dec 31, 2008 | International, People
Investigators of the Madoff Ponzi are looking at possible offshore accounts that may have been used as tax havens for wealthy investors. "While the inquiries into the role of offshore funds in the scheme are at an early stage, it is hardly surprising that such...
by Justin Knapp | Dec 31, 2008 | People
See the Video Fast Living, Bold Ambitions Drove Lawyer's Rise and Fall Marc Dreier had four dazzling homes on two coasts, drove an Aston Martin and sailed a 123-foot yacht. The law firm he owned displayed artwork worth at least $30 million. And he gave many of its...
by Justin Knapp | Dec 24, 2008 | People
The Henry Makow article discuses Citi Bank director Robert Rubin's place in the Ponzi world. There is also a bit on the Obama economic team's members. The article can be read here.
by Justin Knapp | Dec 17, 2008 | People
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...
