by Justin Knapp | Nov 10, 2009 | Uncategorized
Thanks to a friend in investment banking, hedge fund manager Joseph Contorinis is charged with investment fraud. Using inside information from his buddy, Contorinis allegedly made illegal trades. Although he managed to rake in $7 million, that cheat and win streak is...
by Justin Knapp | Nov 10, 2009 | Uncategorized
Virginia’s Mark Donnelly robbed clients of more than $5 million in an elaborate Ponzi scheme. In return for his guilty plea, a judge sentenced him to seven years in prison. That may be just enough time to figure out how to make an honest living. Check out the details...
by Justin Knapp | Nov 3, 2009 | Uncategorized
It’s not easy being a fraud, even for Bernard Madoff. Come to find out, his long-time auditor is finally admitting to helping fuel the enormous Ponzi scheme. Accountant David Friehling pleaded guilty to charges of securities and investment advisor fraud. For...
by Justin Knapp | Nov 3, 2009 | Uncategorized
How’s that for irony? John Mondello was an advisor with John Hancock Financial Services in Long Island, NY who allegedly forged the signature of his elderly client and robbed her of her $1 million nest egg. Though his name is synonomous with ‘signature,’ American...
by Justin Knapp | Nov 3, 2009 | Uncategorized
As if it could get any worse for the beleaguered Texas financier Allen Stanford, he is now being stripped of his knighthood by the Caribbean nation of Antigua and Barbuda. Yep folks, you read it right. Mr. Stanford was actually a Knight. In the absence of that...
by Justin Knapp | Oct 28, 2009 | Uncategorized
Charles Harrison of Charlotte, North Carolina had his elderly clients convinced their $11 million in investments was funding non-profit organizations. That’s true only if you consider his fine clothing and personal entertainment a charitable pursuit. Harrison admitted...
