Fraud, Political Fraud and More Fraud

March 2nd, 2009 • No Comments

Really, the day has been fraught with news that the U.S. government has/had no respect for the constitution, Cubans would be replacing much of their cabinet and federal officials, and the FTC has identified a new breed of Internet scam, one that is making ample use of the recent Obamarama around the world to prey on those who aren’t aware. Continue reading ‘Fraud, Political Fraud and More Fraud.’

Bernard Madoff 2009: Ponzi Extraordinaire

March 2nd, 2009 • No Comments

The story — investment “master,” Bernard Madoff with his firm Bernard Madoff Investment Securities was revealed by the S.E.C. in December to be a complete fraud, specifically using the terms “stunning fraud of epic proportions.” Continue reading ‘Bernard Madoff 2009: Ponzi Extraordinaire.’

SEC Identifies Two Smaller Ponzi Schemes

January 9th, 2009 • No Comments

Thursday, the SEC charged a Philadelphian investment manager - Joseph Forte, 53 - saying he was running a $50 million Ponzi scheme - over a period of about a decade. Continue reading ‘SEC Identifies Two Smaller Ponzi Schemes.’

SEC Targets New Haitian Ponzi Scheme

January 2nd, 2009 • No Comments

The Securities and Exchange Commission announced Tuesday the acquisition of an emergency court order to immediately halt the progress and freeze assets of an alleged Ponzi scheme and associated affinity fraud which targeted Haitian-American investors to the tune of $23 million. Continue reading ‘SEC Targets New Haitian Ponzi Scheme.’