by Justin Knapp | Oct 8, 2009 | Uncategorized
A Lansing, Michigan area judge brimmed with confidence at Jeffrey Sadlak’s sentencing recently. Judge Joyce Draganchuk proclaimed that a prison cell is a perfect fit for Mr. Sadlak following his conviction for defrauding investors. It’s good to hear such confidence in...
by Justin Knapp | Oct 8, 2009 | Uncategorized
Fleecing Central sweetheart, Mark Cuban is back in the SEC’s spotlight. A case against Cuban for insider trading was dismissed. But the SEC maintains its accusation that he illegally sold shares of stock. Stay tuned for another shot by the SEC in the court of law....
by Justin Knapp | Oct 6, 2009 | Uncategorized
Apparently UBS employees weren’t thinking rationally when they helped U.S. clients hide accounts from the IRS using Swiss bank accounts. And now UBS will pay the consequences as they are required to release the names of 4,450 American account holders who could be...
by Justin Knapp | Oct 6, 2009 | Uncategorized
New York politician Raymond Harding pleaded guilty to accepting $800,000 from investment companies involved with his organization’s pension fund. The money was in return for political favors. Mr. Harding could use a favor himself right about now. Check out the...
by Justin Knapp | Oct 6, 2009 | Uncategorized
Montana businessmen Keith Kovick and Robert Congdon once had a successful (and legitimate) mortgage brokerage operation. But when they ventured into the investment arena without being registered to sell securities in the state, things started to fall apart. $14...
by Justin Knapp | Oct 6, 2009 | Uncategorized
Come to find out, Bernard Madoff’s brother functioned as the Ponzi afficianado’s compliance officer at his investment company. Um, yeah. Isn’t that some sort of oxymoron? That’s what court-appointed trustee Irving Picard is asking. He’s suing Madoff’s brother, two...
