Tag archive for ‘Ponzi’

• Wealth Management: How Can We Trust Anyone When…

  11 March 10 • Comments Off

  

  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?

• Wealth Management’s Dirty Harry

  3 March 10 • Comments Off

  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 [...]

• 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 [...]

• You Know There’s a Problem When…

  8 January 10 • Comments Off

  Your Custodian Can’t Spell “Goldman Sacchs” Blecch, right? This morning, I was reading a great article from The New York Times: A Safety Net That Tangles Investors. Floyd Norris reported the SEC is separating money management from the custodial function, which made me think, The SEC gets it. They finally get it. “Where an independent [...]

• What Slang Should We Ban During 2010?

  2 January 10 • 2 comments

  

  I just saw Lake Superior State University’s (“LSSU”) 35th annual list of words or expressions that should be banned. The committee attacks slang sweeping through our culture like “tweeting,” “sexting,” or the ever popular “chillaxin,” which is a cross between “chillin” and “relaxin.”

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