April 2009
Who is Danny Pang, a mystery man? Ponzi scheme
Move over, Marc Dreier, Bernie Madoff, and Sir Allen Stanford. There’s a new financial villain on the scene, Danny Pang a native of Taiwan and the chairman and CEO of Private Equity Management Group Inc. in Irvine, has been a business partner wit...
February 2009
Full Madoff Client List; Includes Sandy Koufax and Madoff’s Own Attorney Ira Sorkin, Peter, Mark and Andrew!
Among the thousands of others named were Madoff’s family members, including his sons, Mark and Andrew, and his brother, Peter. The Manhattan offices of Bernard L. Madoff Investment Securities LLC was declared a crime scene after the veteran inves...
What is Santander's Madoff payout?
The people responsible for Santander’s Madoff strategy are not even at Santander anymore. They left a few months before the scandal broke. Santander announced last week it would compensate all individual clients who invested in the Optimal Strategic ...
January 2009
Is Agape World Nicholas Cosmo fraud an another Ponzi scheme like Madoff? Should he go to prison!
Nicholas Cosmo, founder of Agape World Inc in Hauppauge, New York, complied on Monday evening with a warrant for his arrest on suspicion of conducting an alleged $380 million Ponzi scheme. He was also charged with one count of mail fraud. What if he do...
December 2008
A full report on Bernard L. Madoff Investment Securities Ponzi scheme: GREED and STUPIDITY!
I agree and I call it GREED and STUPIDITY… who in the hell in their right imnd thinks that a money manager can return 8% to 12% per year…even when the market goes to hell in a handbasket…even in the era of 1974…come on!!! I reca...
Reason behind $50B Bernard Madoff's Ponzi Scheme!
A Ponzi Scheme is fairly simple to understand. There are no underlying assets. Instead, the investment from new investors is used to pay off old investors. This could also be the final nail in the coffin in the hedge fund “industry” as anyo...
What is Bernard Madoff hedge fund fraud case?
I wonder where the SEC has been. From news reports it seems they know about this. The SEC is a lame organization and willl probably be swallowed up by another gvt agency. Or SEC is simply not equipped to deal with crimes of this magnitude in a proactiv...
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