Tag archive for ‘Scandals’

• Wealth Management: The Best Commercial of All Time

  3 March 10 • Comments Off

  The Perfect Husband Hands down. This is the best ad I have ever seen for financial services. Yikes. Norb Vonnegut

• Fraud—Spoils of Democrats and Republicans

  24 February 10 • Comments Off

  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.

• Financial Fraud 101

  15 February 10 • Comments Off

  Scams: Pigeon Fever Sixty Minutes ran a terrific story last night on financial scams. Conclusions: Ponzi schemes are alive and thriving Gullability is here to stay. “Affiliation marketing” is the way con artists find you—at church, the country club, you get the picture. Watch CBS News Videos Online Last year, I posted the Top Ten [...]

• The Death of Insider Trading

  3 November 09 • Comments Off

  

  Galleon invested in high-tech businesses, which build chips and other gizmos that enable information to “travel at the speed of light.” In doing so, the hedge fund sewed the seeds of its own demise. Its portfolio companies manufacture products that 1) negate the long-term value of insider information and 2) make it more difficult to obtain.

• The $21.2 Billion Halloween Mask

  29 October 09 • Comments Off

  

  It’s that time of year. Costume shops are jamming as folks hunt for outfits. Twitter is buzzing with “trick or tweets” about Halloween. On Saturday little goblins will sweep through neighborhoods and fill their bags with time bombs for the waist line. The season makes me wonder: What does it take to become a Halloween mask? [...]

• Madoff: 150 Years Are Just The Start

  29 June 09 • 6 comments

  Judge Denny Chin sentenced Bernie Madoff to 150 years today. But the BM story is far from over. The next chapter will examine the Securities Investor Protection Corporation (SIPC). And there’s one question for every American?

  How can we tolerate the conflicts of interest between SIPC and court-appointed trustees?

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