 The Wild Wild World of Wealth |  |
What do Bernie Madoff, Ahmed Ghailani, and a captured Somali pirate have in common? They’re all locked in the same New York prison. It’s too bad Ghailani, Guantanamo detainee and terror suspect with alleged links to Al Qaeda, is being held in isolation. I can’t help but wonder about conversations during meal hours.
On June 10, 2009, The New York Times reported that authorities are indicting seven executives for selling tax shelters. Acrimoney believes, however, the article contains broader implications for understanding investments. Even if you’ve never seen a tax shelter.
This is just a quick post.
One of Acrimoney’s regular readers sent this story on Franklin Sands, Florida’s minority leader in the State house. Sands lost $3 million to Madoff. The legislator is working overtime to put his finances back in order and describes his efforts in the linked article. I admire his attitude.
Today, The New York Times reported a dispute between Madoff victims and the trustee. The issue is who’s eligible for SIPC payments. The article illustrated the complexity of Madoff’s tangled mess. Hence, the spaghetti metaphor. The article also described the lack of agreement and, I think, a fair solution. Hence, the references to refrigerator rot. Let’s break down the story.
Today is the 65th anniversary of D-Day.
This video is Ronald Reagan’s tribute to the sacrifices of fellow Americans. My brother wrote about Reagan’s address, “His words and the sentiments they invoke are just as applicable today as they were 25 or 65 years ago.”
Last week Acrimoney posted an article entitled, Part I: The Ponzi Wives Poll. We presented the following case. A woman left her husband ten years ago. She waited until 2007 to sue for divorce. As their battle played out in court, a second front emerged. In 2009 the SEC charged the husband with financial fraud.
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