The Fed’s Contribution To Ponzi Schemes
12% Returns - “Guaranteed”
You don’t know whether to laugh or cry every time another Ponzi scheme comes to light.
July 28 (Bloomberg) — The U.S. Securities and Exchange Commission said it halted a $50 million Ponzi scheme near [...]
Stanford Financial Ponzi Scheme - New Fraud, Old Lessons
Stanford Free - Does Crime Pay?
On February 17, 2009 Stanford Financial was accused by the SEC of defrauding investors and engaging in a “massive, ongoing fraud”. The fraud was perpetrated by seducing investors with “improbable if not [...]
FHA - Ready To Join Fannie And Freddie
Multiple Reasons For High FHA Default Rates
Massive default rates in the FHA loan program are starting to raise a few eyebrows. Without major reform of fundamentally poor lending policies, the FHA could soon join the failed ranks [...]
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 [...]
Stanford Financial Investigated
Investors Flunk “Too Good To Be True” Test Again
“You only find out who is swimming naked when the tide goes out” - Warren Buffet
The tide has been going out for several years now and we are discovering [...]
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 [...]
