by Justin Knapp | Oct 19, 2009 | Uncategorized
Billionaire hedge fund manager Raj Rajaratnam is accused of insider trading that produced $12.7 million in illegal profits. Forgive FC, but at what point will these scammers figure out they already have enough money to support small countries? No need for piddley...
by Justin Knapp | Oct 19, 2009 | Uncategorized
Advisor Sean Healy is sorely disappointed to learn that the Ponzi party is over. According to the SEC, Healy used approximately $20 million he acquired through a Ponzi scheme to satisfy every whim. A fancy home in Florida, a vast collection of luxury automobilies,...
by Justin Knapp | Oct 19, 2009 | Uncategorized
Pennsylvania advisor Frank Peperno took money from his securities business, put it in a business bank account, and used some of it to purchase a gym. Frank, FYI the Feds consider this money laundering. You can’t chalk this up to good physical fitness. See the...
by Justin Knapp | Oct 19, 2009 | Uncategorized
In an effort to offload some blame for his notorious $7 billion financial scandal, R. Allen Stanford fingered two former advisors who served at his firm. The two men are being sued for more than $11 million that must be returned to clients. Perhaps the lawsuits...
by Justin Knapp | Oct 19, 2009 | Uncategorized
A pro on the ice got frozen out of $60 million in this scam. Former Detroit Red Wings hockey player Sergei Fedorov is suing to recover his millions lost in apparent penalty-laden investment mismanagement. See the Investment News story here....
by Justin Knapp | Oct 14, 2009 | Uncategorized
Here’s tip number one when you’re on the run from the U.S. Justice Department: Refrain from updating your Facebook page with your whereabouts and hijinx. Tip number two: Don’t friend Justice Department officials. Fraud guru Maxi Sopo hadn’t brushed up on these rules...
