Archive for the ‘Business Fraud’ Category
Monday, April 6th, 2009
In a move that shouldn't surprise many, J. Ezra Merkin, the former chairman of GMAC, famed NYC philanthropist, and hedge fund manager has been charged with fraud for his connection in the Bernard Madoff Ponzi scheme.
New York Attorney General Andrew Cuomo charged Merkin with civil fraud for steering many of ...
Posted in Business Fraud | No Comments »
Monday, March 16th, 2009
Prosecutors in the case against Bernard Madoff are seeking to seize his and wife, Ruth's, remaining assets after the 70 year old "investor" plead guilty to 11 criminal charges associated with his large scale Ponzi scheme on March 12, 2009.
According to a document filed at the U.S. District Court in ...
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Wednesday, March 11th, 2009
In a surprise move, Ira Sorkin, the attorney for Bernard Madoff says the disgraced investor will plead guilty to 11 counts against him. Madoff is facing 150 years in prison if he's convicted of all charges. Madoff has been under house arrest since December 2008, when he confessed ...
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Sunday, March 8th, 2009
Bernard Madoff is finally going to meet his victims in court. Madoff admitted to the largest Ponzi Scheme in December, yet he's remained out of jail the whole time.
Madoff, the former Chairman of NASDAQ, has been under house arrest since December 2008.
On Friday US District ...
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Thursday, February 19th, 2009
R. Allen Stanford, the chairman of Stanford International Bank was apparently heavily influenced by the work of singer Bobby McPherin, who once famously sang "Don't Worry, Be Happy." He wooed prospective customers by touting his CDs as being as safe as, if not safer than, government backed securities.
The siren ...
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Wednesday, February 4th, 2009
Harry Markopolos had some choice words for the SEC, when called to testify about his numerous attempts to blow the whistle on the enormously damaging Bernard Madoff Ponzi Scheme.
"You are both a captive regulator and a failed regulator," said Markopolos in his testimony to a U.S. House subcommittee.
Markopolos ...
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Tuesday, January 13th, 2009
Carol Bartz, a former CEO of Autodesk (NASDAQ:ADSK) is expected to become the next CEO of Yahoo.com, (NASDAQ:YHOO) a major internet search engine and web portal, according to reports at the Wall Street Journal.
Bartz, 60, will replace Jerry Yang - one of the companies co-founders.
Jerry Yang has been criticized for ...
Posted in Business, Business Fraud | 1 Comment »
Tuesday, January 13th, 2009
Marcus Schrenker, 38, a troubled financial planner that tried to fake his own death after crashing a plane he was piloting near Milton, Florida, is said to have escaped after parachuting to safety and fleeing on a motorcycle he had in storage near his 'landing zone.'
Officials investigating the case said ...
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Monday, January 12th, 2009
Bernard Madoff will not be jailed while awaiting his trial on charges that he ran the largest Ponzi scheme in history and defrauded investors out of billions. Prosecutors had stated that Madoff had violated terms of his probation, and should be jailed immediately.
The judge has added certain ...
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Thursday, January 8th, 2009
Bernard Madoff allegedly engineered the largest business fraud in the history of the world yet he remains a free man. If you or I, dear reader, stole a pack of gum from WalMart, we'd be serving hard time already. Yet Madoff is said to have stolen more money ...
Posted in Business Fraud | 3 Comments »
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