Posts tagged as:

Madoff

Another Ponzi Scheme Busted in Pennsylvania

January 8, 2009

Apparently the disciples of Ponzi are alive and were thriving until the economic downturn. Add Joseph Forte to the list of confessers. Small potatoes in comparison to Madoff, but $50 Million is nothing to sneeze at.

Read the full article →

SEC in Bed with Madoff… or His Niece

December 17, 2008

As a follow-up to the previous post, the SEC has stated that it is culpable in the Madoff scheme. The Securities and Exchange Commission said Tuesday night that it had missed repeated opportunities to discover what may be the largest financial fraud in history, a Ponzi scheme whose losses could run as high as $50 [...]

Read the full article →

Nothing Secure About the SEC

December 17, 2008

Could it be that the SEC is beginning to realize that they are culpable in the Madoff scheme? Bernard Madoff’s ability to avoid scrutiny from U.S. regulators for years shows that the monitoring system is “broken and has to be fixed,” former Securities and Exchange Commission Chairman Arthur Levitt said. Levitt, a senior adviser to [...]

Read the full article →

Madoff Needs Three Friends to Sign for Him

December 16, 2008

If it were not such a pathetic report on the ethics of the American financial sector, I would be laughing at the irony of the situation. First of all, Bernard Madoff ripped off his peers and on an individual basis it seems that he preyed primarily on his Jewish country club friends. Mort Zuckerman appeared [...]

Read the full article →

The Great Divide in America Today

December 14, 2008

The past week was perhaps the splash of cold water that sobered up many of us who watch U.S. politics and our national status in the world. It is embarrassing on one level and enough to wake up those of us who prefer to sleep through the political and economic debates raging through our nation. [...]

Read the full article →