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Ponzi du Jour and 'Ponzi-Palooza' From C.F.T.C.
Ponzi du Jour and 'Ponzi-Palooza' From C.F.T.C.
Friday's suspected Ponzi scheme comes courtesy of the Commodity Futures Trading Commission, where a top official says that so many people are sending in tips that "there's a Ponzi-palooza out there." The C.F.T.C. accused the owner of an unregistered Idaho investment firm of running a $40 million ...
More Debt Won’t Rescue The Great American Ponzi
More Debt Won’t Rescue The Great American Ponzi
optionarmageddon.ml-implode.com — [Reader note: recently Yves Smith asked me to contribute to her blog Naked Capitalism. I hope to... generate a post a week that will be simul-published on NC and OA. This is the first installment.] Policy-makers not only misunderstand the ... (more) More Debt Won’t Rescue The Great American Ponzi
Take My Wife - But Leave Her Assets
Take My Wife - But Leave Her Assets
dealbook.blogs.nytimes.com — Peter J. Henning, a professor at Wayne State Law School, occasionally writes as a guest blogger for... The Deal Professor. Mr. Henning specializes in issues related to white-collar crime and is a former editor of the White Collar Crime Law Prof ... (more) Take My Wife - But Leave Her Assets
Wave of “Anti-Ponzi” Legislation May be Coming
Wave of “Anti-Ponzi” Legislation May be Coming
securitiesdocket.com — Several states and Congress are considering new legislation as part of an effort to prevent future Ponzi... schemes. The National Law Journal reports that Florida and Connecticut lawmakers have both proposed legislation in this area, and that the U.S. Congress has, as well. In Florida, ... (more) Wave of “Anti-Ponzi” Legislation May be Coming
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Lunchtime Links 3-2
Rolfe Winkler — ... over when the government put Freddie into conservatorship last Fall. The Financial Crisis and the Systemic Failure of Academic Economics (pdf) A longish paper in which economists criticize themselves for relying on models that don’t accurately reflect reality and for not warning those who use the models of their limitations. Dow opens below 7,000 (Google)  The Dow was last below 7000 on October 28, 1997.  We’re going lower.  Count on it. Ponzi-Palooza (DealBook) PNC Slashes ...

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Madoff's Future: Where the Case Is Likely to Go
dealbook.blogs.nytimes.com 3/13/2009 — Peter J. Henning, a professor at Wayne State Law School, occasionally writes as a guest blogger for the Deal Professor. Mr. Henning specializes in issues related to white-collar crime and is a former editor of the White Collar Crime Law Prof ...
Madoff Had Accomplices: His Victims
dealbook.blogs.nytimes.com 3/16/2009 — Tempers certainly ran hot on Thursday, as victims descended upon the federal courthouse in Manhattan to hear Bernard L. Madoff plead guilty to the biggest Ponzi scheme in history. Many of the victims wanted help, and in some cases close to full ...
What Madoff could learn from Ponzi's legal trials - Jan. 13, 2009
money.cnn.com 1/13/2009 — (Fortune) -- Bernard Madoff seems once again to be borrowing from the Charles Ponzi playbook, in this case the final chapter. If so, he should be sure to read the fine print. Federal prosecutors acknowledged in court documents this week that Madoff's ...
Daren Palmer Ponzi Scheme Fraud Case Notes
richard-wilson.blogspot.com 3/2/2009 — Daren Palmer Fraud Draen Palmer Ponzi Scheme Case Below are details on yet another recent ponzi scheme to be uncovered. One positive aspect of this financial down turn and recent redemption requests is that it helps us weed out a good percentage of these individuals. If the markets were ...
Idaho Man Accused of Ponzi Scheme
online.wsj.com 1/17/2009 — Idaho securities regulators are investigating allegations that a money manager in the state operated a long-running Ponzi scheme that cost investors as much as $100 million. Marilyn Chastain, securities bureau chief for the state's Department of ...
The US-China Ponzi scheme - MSN Money
articles.moneycentral.msn.com 7/18/2009 — By Jon Markman Imagine becoming so successful at your job that you stack up $2 trillion in income, which you conservatively place in short-term U.S. Treasury bonds for safekeeping. Now imagine that when you try to cash in those bonds to buy a few ...
How a Blog Might Have Stopped Madoff
exchanges.nyse.com 2/4/2009 — Perhaps the biggest irony of the Bernard Madoff case is that Harry Markopolos, the investor-turned-investigator who for years warned other investors and the Securities and Exchange Commission that Mr. Madoff was running a Ponzi scheme, today is ...
More Than Madoff: Other Ponzi Schemes Popping up to Scam Investors
corporatecomplianceinsights.com 4/1/2009 — CCI provides a quick refresher on the definition of a Ponzi scheme in the wake of a new Ponzi scheme surfacing at New Zealand-based First Capital S&L that fleeced U.S. investors. Everyone, everywhere must remain on guard for such schemes and scams.
Sorkin: The Ponzi-Saver?
hf-implode.com 3/9/2009 — Growing questions are being asked by legal scholars and Wall Street veterans over the background role that Bernard Madoff’s attorney, Ira Lee Sorkin, played in 1992 that may have resulted in Madoff looting investors for an additional 16 years. That question now takes on heightened urgency as ...
On protectionism c. 1909
divisionoflabour.com 6/15/2009 — The June 15, 1909 NYT prints an editorial focusing on how protectionism, specifically the tariff, harms the "little guy":It does not seem right that we should make the wage earner bear the expense of the Government by paying him larger wages and then ...
Lloyds Has Yet to Join Insurance SchemeWSJ.com: What's News US 2/27/2009
Lloyds said it hadn't yet reached a much-anticipated agreement with the U.K. government on insuring its toxic assets, stoking investor concerns about the bank's heavy 2008 losses and bleak outlook for the coming year.
SEC: Stanford Ran Ponzi SchemeWSJ.com: What's News US 2/28/2009
The SEC filed an amended civil complaint alleging that Texas financier R. Allen Stanford and his company's CFO operated a massive Ponzi scheme.
Today’s Schmuck-o-Meter Reading 494 SPsThe Big Money 3/2/2009
Bernie's going global. Globes Online reported yesterday that former Madoff investor  Hadassah Medical Organization will be making staffwide salary cuts . Hadassah was one of the most affected institutions in the Ponzi scheme, reportedly ...
Can A Financial Stock Have A Positive Return In 2009? (CACC, MS, FIG, SWIM)Investopedia.com Headlines 3/5/2009
There are some surprising success stories in the 2009 financials, but how long they'll last is up for debate.