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...
by Justin Knapp | Sep 29, 2009 | Uncategorized
Fudging the books costs former Le-Nature CEO. Not only is Gregory Podlucky indicted and losing his job, he has also been forced to hand over millions of dollars worth of jewelry, $7 million in bank accounts, and a model train set worth $1 million. Apparently Mr....
by Justin Knapp | Sep 29, 2009 | Uncategorized
The CFP Board had a lengthy docket of cases to review at a recent meeting. Three advisors were stripped of advisor licenses and CFP designations for a host of offenses. Additional advisors were penalized with suspensions. Their offenses ranged from ethical...
by Justin Knapp | Sep 28, 2009 | Uncategorized
A Detroit broker managed to defraud hundreds of elderly clients of $74 million in exchange for investments in imaginary telecommunications contracts. To make matters worse, Frank Bluestein’s sham contributed to a far larger Ponzi scheme managed by the notorious Edward...
