The MF Global Situation – A Brief Comment

Up until this point I have not commented upon the situation at MF Global. Two recent articles highlight the current state of what appears to be known and unknown concerning the situation, including the potential of customers to “get their money back.” These two articles are the January 30 Wall Street Journal article titled “Money … Read more The MF Global Situation – A Brief Comment

A Brazen Ponzi Scheme

Bloomberg BusinessWeek had a story on September 2 titled “Wayne McLeod:  The Life and Death of a Mini-Madoff.” This Ponzi scheme was particularly brazen as it targeted federal law enforcement personnel. The story is an interesting one.  I would slightly disagree with one statement in the article, “As primitive as they are, Ponzi schemes are … Read more A Brazen Ponzi Scheme

More Ponzi Schemes

The Wall Street Journal has recently had two more articles concerning alleged Ponzi schemes. The first is titled “Our Ponzi Nation: Florida Entrepreneur Hit With Charges.” The second is titled “Alleged Ponzi In Colorado Has Shades of Madoff Affair.” Also, there was an interesting story from April 17 titled “Report Says SEC Missed Many Shots … Read more More Ponzi Schemes

Another Ponzi Scheme

I have been intermittently commenting upon the growing number of investment frauds being uncovered.   Those posts can be found under the “investment frauds” tag. Here is yet another alleged Ponzi scheme as seen in Thursday’s Wall Street Journal article titled “SEC Charges Couple in Florida Ponzi Scheme.” As seen in the article, this alleged scheme … Read more Another Ponzi Scheme

Ponzi Schemes

Occasionally I have written about investment frauds.  My last post on this topic was on November 27 and is found here: Here is a story from December 28 titled “Ponzi collapses nearly quadrupled in ’09”: While I find this article’s statistics to be of interest, I do not necessarily agree with some of its … Read more Ponzi Schemes

Investment Frauds

In June I wrote a post about investment frauds.  That post can be found here: Since that June post, there have been a number of investment frauds uncovered.  Of course, none have rivaled the size of Madoff’s; however, they haven’t been small either. Perhaps the most disconcerting aspect of these frauds is that most … Read more Investment Frauds

The Madoff Fraud – Are There More?

Here is the latest update on the Madoff sentencing from CNBC: A few months ago, I wrote an article titled “Crime During Economic Stress,” that is listed under the “Individuals” section (about halfway down the page) here: One of the questions that I have is whether there are more frauds in existence that haven’t yet … Read more The Madoff Fraud – Are There More?