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21 Nov 2009 No Comments

Hint: 1000% Returns Could Be Unrealistic

Hard to believe investors actually fall for this, but it’s true. A couple of Omaha companies were promising clients 1000% annual returns. The Nebraska Department of Banking and Finance ordered […]

21 Nov 2009 No Comments

Sneaky Switcheroo

Unbeknownst to her, William Blair client Josephine DesPart’s account status was changed from non-discretionary and commission-based to discretionary and fee-based. On top of it all, the two former William Blair […]

18 Nov 2009 No Comments

Fleecing Central Meets the Big Screen

Drama isn’t just for the movie set in Nicolas Cage’s world. He filed a lawsuit against his former manager, Samuel Levin for incompetence seeking $20 million in damages. Cage is […]

18 Nov 2009 No Comments

Rocky Mountain High Losses

Jerrald Green of Denver is accused of running a Ponzi scheme, racking up to $12 million. The good news is that Mr. Green claims the whole ordeal is just a […]

18 Nov 2009 No Comments

“Three Hebrew Boys” Recreating an Inferno

South Carolina crooks, Timothy McQueen, Joseph Brunson, and Tony Pough dubbed themselves the “three Hebrew boys” in reference to the biblical story of boys who withstood an inferno for their […]

18 Nov 2009 No Comments

Only Thing Green is the Money

The SEC doesn’t care for Mantria Corp’s idea of green investments. And neither do the elderly investors who were robbed of more than $30 million. Turns out this questionable company […]

18 Nov 2009 No Comments

Life in the Fast Lane Slows Considerably

The fast lane may not be so fast now that authorities have seized Scott Rothstein’s Ferarri Spider. FC noted the Ft. Lauderdale attorney’s exploits in previous posts. But now the […]

10 Nov 2009 No Comments

Ring of Lies Grows

Raj Rajaratnam is far from alone in a supposed ring of Wall Street crooks. Twenty Wall Street professionals and attorneys have been charged in a growing ring of insider trading. […]

10 Nov 2009 No Comments

Cheaters Never Prosper… Or At Least Not for Long

Thanks to a friend in investment banking, hedge fund manager Joseph Contorinis is charged with investment fraud. Using inside information from his buddy, Contorinis allegedly made illegal trades. Although he […]

10 Nov 2009 No Comments

Seven Years for $5 Million

Virginia’s Mark Donnelly robbed clients of more than $5 million in an elaborate Ponzi scheme. In return for his guilty plea, a judge sentenced him to seven years in prison. […]