Two More Massive Investment Frauds Reported
Capital Vaporized By Hedge Fund Fraud
How many more frauds are lurking out there? Two more large cases of investment fraud by hedge fund managers were reported today by The Wall Street Journal.
In the latest round of [...]
Diogenes Would Have No Luck In Washington
Mission Impossible
Somewhere around 300 BC, the Greek philosopher Diogenes walked the streets of Greece carrying a lamp in the daylight looking for an honest man. History does not tell us whether or not Diogenes ever found his [...]
Early Results On “Stimulus Package” - Greed, Corruption & Stupidity
The US Senate and House of Representatives is busily putting together a stimulus package that should cost $825 billion. The massive spending package, all conducted with borrowed money, will be spread over a wide variety of programs [...]
Satyam’s Phony $1 Billion - How They Did It
One would think that with the number of business frauds, Ponzi schemes and other financial deceptions exposed over the last decade that auditors would have a more skeptical and cautious attitude.
The Satyam case is particularly perplexing when [...]
Madoff’s $50 Billion Only Exists On Customer Account Statements
Based on Bernard Madoff’s own estimation, he lost approximately $50 billion of investor funds. Every since this disclosure, the biggest questions are where did the money go and how much of the $50 billion remains.
Bloomberg is reporting [...]
Rampant Corruption Symbol Of Empire’s Decline
Illinois Governor A National Disgrace
The latest example of horrendous corruption in government was the arrest of Illinois Gov. Rod Blagojevich. Among the many charges brought against him by Federal prosecutors was that the Governor was attempting to [...]
