"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.
Alex Dalmady has an admirably clear explanation of how the financial empire of Allen Stanford crumbled into nothingness. Basically, they were booking false profits into what they called Tier 3 and hoping a market surge would allow them to pay…
Westgate manager arrested, charged with fraud. They claimed $600 to $900 million in assets but only had $100 million. Their supposed auditing firm was a virtual office and they could route calls to it to anywhere. How convenient. How big…
Just another several hundred million in scams, Ponzi schemes and fraud. This is getting to be routine news, isn’t it?
Talking Points Memo helps us stay updated on the gaggle of mini-Madoff’s who have been getting indicted lately, as does the Wall Street Journal. It’s getting so you need a database to keep track of them. Y’know, I’ve made snide…