 The Wild Wild World of Wealth |
For Psychic, Suit Came as Surprise
You know there’s a problem when your money manager:
Claims to be today’s Nostradamus;
Names his company, Magic Eight Ball Distributing;
Runs a website with wellness products like “Holy Tea.”
According to the SEC and The New York Times, “America’s Prophet” may be “America’s Fraud.” You can find a copy of the lawsuit against [...]
In case you missed Matt Lauer’s interview with Harry Markopolis, here it is. Markopolis is the money manager from Boston who met with SEC four times and tried to expose Madoff’s Ponzi scheme. He said some terrific things during the interview and some that give my pause:
“If you don’t understand the strategy, don’t invest in [...]
Here’s what I don’t get. Why is it necessary to sue these groups? Stanford’s name is toxic. I would think Democrats and Republicans alike would run from any association with him and return funds—quietly, under the radar, without spending taxpayer money through a back-and-forth lawsuit.
"My job is the occupation formerly known as 'stockbroker.' But it has been years since anyone called me that. Stockbroker sounds oily. Glengarry Glen Ross. The word makes clients twitch..." Click to buy.
© 2010 ACRIMONEY. All rights reserved.
WordPress with Pico theme, a mod of Mimbo.