by Justin Knapp | Sep 21, 2009 | Uncategorized
Former NBA all-star Horace Grant prevailed over Morgan Keegan & Co. during a hearing in LA, awarding the athlete a record $1.45 million in compensatory damages. Mr. Grant’s lawsuit claimed breach of fiduciary duty and fraudulent misrepresentation following a 90%...
by Justin Knapp | Sep 21, 2009 | Uncategorized
Despite his best efforts fabricating voodoo dolls and employing psychics, Barry R. Stokes was unable to ward off incriminating testimony by victims of his financial fraud. The ex-AIG advisor of did however manage to steal $19 million from his clients’ 401(k), health...
by Justin Knapp | Sep 21, 2009 | Uncategorized
New Jersey has a bad reputation for wise guys. Stephen Severio is case in point. He’s a former Merrill Lynch advisor who is accused of bilking clients of $500,000. Read more from Investment News about Mr. Severio’s shady investment strategy....
by Justin Knapp | Sep 21, 2009 | Uncategorized
In the wake of the economic meltdown, Wall Street bankers are pursuing their next great idea, albeit a bit morbid. The concept involves life insurance policies of ill or elderly owners, sold to bankers for a fraction of the policy’s death benefit prior to death....
by Justin Knapp | Apr 13, 2009 | Uncategorized
The Forbes.com article writes about a study that shows that the wealthy are most likely to cheat on their taxes. Of those who make between $500K and $1M, incomes are understated by a net of 21%. The article has a link to a list of some of the biggest tax cheats of all...
by Justin Knapp | Mar 31, 2009 | Uncategorized
Discussion of future and current financial fraud as the Obama stimulus package gets into the hands of fleecers. A transcript of the audio can be found at abc.net.
