O hai — we’ll take ur bank accounts, yachts, houses, passport and women, plx, kthxbai. R. Allen Stanford, you got served: Stanford was located in the Fredericksburg, Virginia area, the FBI said in a statement. The papers he was served with were the SEC’s complaint, the memorandum of law filed with the complaint, the court [...]
Entries from February 19th, 2009
Everyone Is A Victim
February 19th, 2009 · 3 Comments · fail
Yes. It has come to this. We are now getting stories about how the recession has affected sharks, depriving them of the sweet man-flesh all sharks so desire. Because no one can afford to go to the beach anymore, shark attacks in 2008 dropped to their lowest level in – and before you start thinking [...]
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If A Ponzi Fell In The Forest, Would It Make A Sound?
February 19th, 2009 · 4 Comments · breaking news
Forex returns of 25% compounded monthly sounds like a scam, whether you can hear it or not: The Securities and Exchange Commission has obtained a court order halting a Ponzi scheme that specifically targeted members of the Deaf community in the United States and Japan. The SEC alleges that Hawaii-based Billion Coupons, Inc. (BCI) and [...]
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Backdoor Men & Associates, PC
February 19th, 2009 · 2 Comments · fail, madoff
So just how is it that scams like the ones Bernie Madoff and Allen Stanford are accused of running are able to run? Presumably, when you get into the billions of dollars, it has to be harder to assure clients what’s going on with their money than simply picking up the phone and saying, “I [...]
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Wall Street Fighter, The Movie
February 19th, 2009 · No Comments · win
SPEND! Okay, this isn’t hard hitting news, but it’s one of the funniest things I’ve seen in a bit. (h/t to WallStreetFighter, who is unaffiliated with the production but is as pleased to allow usage of the name as I would’ve been if there had been a character named Emo Bernanke in there.)
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