Fraud

The Lending Company Of AZ Reports Data Theft But Gives No Help To Those Compromised

Data Theft At Major Arizona Mortgage Company Leaves Many Questions Unanswered Major incidents of data theft seem to be occurring with alarming frequency.  Even companies with considerable resources seem powerless to prevent the theft of customer records […]

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 […]

Stanford Financial Ponzi Scheme – New Fraud, Old Lessons

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 […]

FHA – Ready To Join Fannie And Freddie

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 […]

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 […]

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 […]

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 […]