The Wild Wild World of Wealth |
"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..."
Norb Vonnegut | March 3, 2010
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 [...]
Norb Vonnegut | February 24, 2010
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.
Norb Vonnegut | February 15, 2010
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 Ways to Spot Financial Fraud. Check [...]
