Mortgage fraud and bailing out the banks

As the government has been bailing out banks that are the "victims" of a crazy boom in housing, an investigative report shows tha...

Yachtzi Scheme

As further evidence supporting the claim that you can sell anything to 3% of the population , the WSJ reports that an outrageous Ponzi schem...

Bernie's lifestyle change...

News reports describe some fairly drastic lifestyle changes for Bernie Madoff now that he's in prison. Here are a few excerpts describin...

What's happening in New Jersey?!

A NY Times Op Ed offers these encouraging words to those who don't live in New Jersey: No matter what dreadful embarrassment your state ...

A minor $700 million Ponzi scheme

Last week, Mark S. Dreier was sentenced to 20 years in prison for running a $700 million Ponzi scheme. Since Bernie Madoff and Sir Allen St...

Satyam Fraud

A report by the Comptroller and Auditor General of India indicates that the Satyam fraud could have been uncovered in 2007 ( source ). Howe...

Schwab Faces Fraud Suit

Via the WSJ : In an official notice sent to Charles Schwab & Co. Friday, Attorney General Andrew Cuomo warned that his office plans to s...

Catching Up

I know what everyone must have been thinking over the past few days: the Zimbelmans must have been busted for running a ponzi scheme and it ...

Dodging the Regulators

Not only did Allen Stanford get help from Antiguan regulators , he also found ways to escape oversight in the US. The Miami Herald reports...

Ethics and Ponzi schemes...

The NY Times published an interesting article that describes how many Madoff victims are upset because the trustee, Irving Picard, is not c...

Behind Stanford's Back?

Stanford's number two man, former CFO James Davis, will plead guilty to the charges leveled against him. Stanford's lawyers respond...

Multimillion Dollar Legal Defense?

Before Allan Stanford can spend millions of dollars on his legal defense, he must prove that those funds are clean (via the Houston Chronicl...

Madoff's feeders reached all the way to Austria

The WSJ reported that prosecutors in the Madoff case are alleging that a fund manager in Austria, Sonja Kohn, received $40 million in kickb...

Did Madoff have inside help?

Hot off the press from The Washington Post : Genevievette Walker-Lightfoot, a lawyer in the SEC's Office of Compliance Inspections and ...

Beware of the scammers if you're looking for work.

The FTC announced a new push to crack down on the apparent increase in scammers who are preying on those who are looking for work. It seems ...