Inside Edition: “It’s been reported that Madoff said, ‘Screw the victims.’ What’s your response?”
Answer in chorus: “He already did.”
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Tag archive for ‘Allen Stanford’
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Madoff: “Screw the Victims”
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Uma Thurman, Ponzi Schemes and Justice
Just when it looked like Ponzi schemes had run their course—for the time being—we learned of another. The Daily Beast reported:
Sorry, former President Clinton: It’s not that Ken Starr. A financial adviser with the same name as Clinton’s former nemesis was arrested on Thursday for allegedly perpetrating a $30 million fraud and Ponzi scheme. Clients to Ken Starr, the chairman and CEO of Starr & Company, include Annie Leibovitz, Uma Thurman, Martin Scorsese, Wesley Snipes, and Henry Kissinger. Authorities also arrested Andy Stein, the former Manhattan borough president and New York City Council president, for lying to officials conducting the probe.
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Wealth Management: How Can We Trust Anyone When…
I plan to examine three questions. How can we regain confidence when:
Havoc is more profitable than fixing problems?
Employees don’t trust the companies they represent?
Nobody has the global power to regulate financial institutions?
Jimmy Cusack is the tough kid from a blue-collar neighborhood who made good on Wall Street. Well, almost. After a sterling start to his career, things have soured. His hedge fund has collapsed. The bank is foreclosing on his condominium. And his wife is three months pregnant. That’s the good news.
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