by Justin Knapp | Dec 17, 2008 | People
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...
by Justin Knapp | Dec 16, 2008 | Government, People
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...
by Justin Knapp | Dec 8, 2008 | Government, People, Sports
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...
by Justin Knapp | Nov 24, 2008 | International, People
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...
by Justin Knapp | Nov 23, 2008 | Fleecing Fighters, Government, People
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...
by Justin Knapp | Nov 18, 2008 | International, On the Fleece, People
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...
