Economy
by Richard Warren
| December 22, 2008
Bernard Madoff swindled clients to the tune of $50 Billion in the recently revealed “ponzi” scheme. How could this have happened? How could supposedly sophisticated investors have been duped on such a grand scale?
It seemed that either no one was watching or the warning signs went unheeded. But you couldn’t blame them, nothing like this [...]
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Economy
by Charles Feldman
| September 24, 2008
In a move that should surprise no one, the FBI, says CNN, has opened an investigation into Fannie Mae, Freddie Mac, Lehman Brothers Holdings Inc., and American International Group, the four companies now at the very heart of the proposed $700 billion dollar theft–I mean taxpayer bailout–plan being pushed by Bush and gang in Washington.
This [...]
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Joshua Dorkin
Charles Feldman
Ted Karsch.
The Dramatic Increase In Mortgage Fraud: SubPrime Crisis Brings Out The Worst In People; Would The Death Penalty Stop It?
by Charles Feldman | September 23, 2009A few days ago, FBI director Robert Mueller told the Senate Judiciary Committee that mortgage fraud cases that are being investigated by his agency are up roughly 63% just from a year ago! That’s sixty-three percent!!!!!
“The scheme have evolved with the changing economy, targeting vulnerable individuals, victimizing them even as they are about to lose their homes, ” said Mueller, as quoted in a New York Daily News article.