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...
by Justin Knapp | Oct 2, 2009 | Uncategorized
Seems as though Ponzi artists would slow down operations in this post-Madoff era. But as USA Today explains, the shifty crooks and their schemes continue to flourish. Read this article and head this advice: be wary....
by Justin Knapp | Oct 2, 2009 | Uncategorized
One of Fleecing Central's most notorious, Marc Dreier is currently serving a 20-year prison sentence for stealing $380 million from hedge funds. Despite his less-than-prestigious new address, Vanity Fair revisits the former hot shot ligigator's fall from...
