by Justin Knapp | Nov 18, 2009 | Uncategorized
The fast lane may not be so fast now that authorities have seized Scott Rothstein’s Ferarri Spider. FC noted the Ft. Lauderdale attorney’s exploits in previous posts. But now the Wall Street Journal has dug deeper into Rothstein’s speedy lifestyle. The FBI is also...
by Justin Knapp | Nov 10, 2009 | Uncategorized
Raj Rajaratnam is far from alone in a supposed ring of Wall Street crooks. Twenty Wall Street professionals and attorneys have been charged in a growing ring of insider trading. These folks are accused of breaching confidentiality and ethics in every which way. It’s...
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...
