It’s a hard-knock life for a Ponzi schemer: Allen Stanford, the indicted Texas tycoon and cricket impresario who bankrolled the Twenty20 game, has suffered two black eyes and a broken nose in a punch-up in prison. Mr Stanford, facing trial for allegedly running a $7 billion pyramid scheme through his Antigua-based bank, was admitted to [...]
Entries from September 29th, 2009
IFSL reports FAIL
September 29th, 2009 · 3 Comments · markets
FTAlphaville calls our attention this morning to the International Financial Services London (IFSL) report on the (not so) mysterious disappearance of global assets under management in 2008. Global fund management: Conventional assets under management of the global fund management industry fell 19% in 2008, to $61.6 trillion… The decline in 2008 followed five successive years [...]
Tags:
Warren G Calls The Bottom
September 26th, 2009 · No Comments · links
And you thought it was just LOLFed that was always looking for an opportunity to bring Warren G (of “Regulate” fame) into its coverage of the economy. (We don’t try to pass it off as journalism, or anything, though.) Our eyes lit up this morning when we saw that Vanity Fair has posted an amusing [...]
Tags:
“1,784 billion, trillion dollars” = Best Lawsuit Ever (BAC)
September 25th, 2009 · 1 Comment · all ur bankz
You think $BAC already had problems? Check out the lawsuit filed against them last month: NEW YORK (Reuters) – Dalton Chiscolm is unhappy about Bank of America’s customer service — really, really unhappy. Chiscolm in August sued the largest U.S. bank and its board, demanding that “1,784 billion, trillion dollars” be deposited into his account [...]
Tags:
Girlfriend Gots To Get Paid
September 25th, 2009 · No Comments · fail
It’s hard to be Susan Stanford, ex-wife of epic swindler Allen Stanford. Not only can she not do a Google search on Sir Allen and NOT see this picture (my favorite picture ever, by the way), she had what might have been the worst divorce lawyer in history. How bad? Screwed her out of $200m [...]
Tags:
