The Wild Wild World of Wealth

Category archive for ‘Scandals’ rss

  • Don’t Hire This Guy

    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 [...]

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  • Wealth Management’s Dirty Harry

    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 [...]

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  • Fraud—Spoils of Democrats and Republicans

    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.

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