Latest Ponzi scheme bust


We have an exciting new entry in the World’s “Biggest Liar Competition – Financial Division”

The SEC has filed charges against Leila Jenkins and her Locke Capital firm for inventing a fictitious billion dollar client as a way to attract other investors, and then lying to the SEC about it.

She owns several nice homes. From the filing, it sounds like SEC will take all of them and what else they find.

I know, there’s so many frauds and thefts lately you need a database to track them all.

(Apologies to BBC for stealing their image for a quite legitimate Liars Contest, or at least one where you know they are lying.)

, ,

2 Responses to Latest Ponzi scheme bust

  1. Ellen Mon, Mar 09, 2009 at 10:00 pm #

    But, hey!

    Why The Catholic Church is a Rotten Institution That Has No Business Lecturing Anyone on Moral Issues
    March 8th, 2009 by SocProf and tagged Religious Fundamentalism