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...
by Justin Knapp | Sep 29, 2009 | Uncategorized
Isn’t it customary for the broker to pick up the tab? In this case, the broker supposedly left his mortgage payment and travel expenses to his clients – to the tune of $350,000. Shane Selewach of Massachusetts claims he’s not guilty, merely having invested the funds...
