Well, another supposedly strong and trustworthy company is being revealed as a ponzi scheme. This one ‘only’ involved about $8 billion and she was ‘only’ indicted for conspiracy and obstruction of justice. Is it just me or does it seem like the ones you should be able to trust in the financial markets you can’t trust.
Posts Tagged ‘protect investments’
Stanford Group’s Chief Investment Officer Indicted
Thursday, February 25th, 2010Tags: ponzi scheme, protect investments, recession, securities fraud, stock fraud, stock loss, sue broker
Posted in Business Disputes, Consumer Protection, Scams and Schemes, Securities Related Issues | No Comments »
Danny Pang’s Charges
Thursday, February 25th, 2010The SEC charged Pang with structuring charges for his scheme to make many transactions just below federal reporting requirements to gain access to huge sums of money without telling the government. Apparently kept the cash at his house until he bought gold bars with it (really!). The SEC is also alleging that he ran a huge ponzi scheme.
Tags: madoff, ponzi scheme, protect investments, recession, securities fraud, stock fraud, stock loss, sue broker
Posted in Business Disputes, Consumer Protection, Scams and Schemes, Securities Related Issues | No Comments »