"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.
Clusterstock profiles four Ponzi scams today; one conviction and three sets of indictments. My favorite – Edward Purvis, the man who promised churchgoing investors in Arizona and 12 other states he could make them wealthy while funding Christian causes, was…
If they were to put me on the case, the first people I would talk to are the software developers. Somewhere along the line there was a software program written or modified that allowed Madoff to enter the numbers he…
Get ready for investigators to uncover dozens of more possible Bernard Madoff style frauds. Politco and Morningstar Inc surveyed 1,684 hedge funds that have disclosed their quarterly results for the past 5 years. That’s twenty quarters of results. It seems…
Daniel Finnegan, a former fraud investigator, left a comment to our post about Madoff not having made trades. He has a wealth in information to share, so I’m reposting it here. As a former fraud investigator with over 25 years…
How could Madoff have made no trades for so long without a single regulatory agency discovering the scam? It is not credible that this was due simply to incompetence or ideological blinders. The Big Picture There is much more to…