April 2009
Georgia-Based Attorney Robert P. Copeland charged in $28 million fraud: Ponzi Scheme
The Securities and Exchange Commission charged, Georgia-based Marietta real estate attorney Thursday for operating a Ponzi scheme that sold promissory notes to raise funds that were purportedly invested in real estate transactions, including private mo...
February 2009
UBS Will Disclose Names, Pay $780 Million Over US Cross-Border Case!
UBS settles US Cross-Border Case with the US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) UBS is resolving investigations relating to its US cross-border business by entering into a Deferred Prosecution Agreement (DPA) w...
Halliburton and KBR Agree to Pay and Settle Nigerian bribery scheme
The Securities and Exchange Commission announced Wednesday settlements with Halliburton (HAL) and its former subsidiary KBR (KBR) to resolve charges that KBR subsidiary Kellogg Brown & Root bribed Nigerian government officials over a ten-year perio...
December 2008
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...
September 2008
Why Christopher Cox SEC’s Chairman against voluntary regulation- The Knockout Punch!
Remember the first initial disruption ocurred during the 2000 elections where Enron and Texas based utility companies manipulated the market for energy in California. Capital investment dried up nearly over night as fixed costs for companies escalated...
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