- Happy Ponzi-versary!
Morning monkeys, Today marks the 4th anniversary of the Bernie Madoff investment scandal that shocked everyone on Wall St. as well as those at the SEC who wasn't too busy watching porn. Perhaps that's unfair, obviously the SEC does more than ...
Blog entry - mikesswimn - Dec 11 2012 - 11:45am - 18 comments
- Arthur Nadel Dies in Prison
If you needed yet more proof that 2nd Place is the first loser, allow me to present the sad case of Arthur Nadel, who died in prison on Monday at age 80. Who, you say? Exactly. He's basically a nobody in today's context of financial scam artists, ...
Blog entry - Edmundo Braverman - Apr 19 2012 - 7:45am - 16 comments
- The Real Cost of College
I often debate the merits of higher education with myself and my surroundings. On one hand there is no doubt that educational keys unlock the doors to power and success. On the other hand there is the increasingly astronomical cost of higher education, ...
Blog entry - Midas Mulligan Magoo - May 6 2011 - 11:47am - 80 comments
- What Is A Ponzi Scheme?
A Ponzi Scheme is a type of financial fraud pioneered by Charles Ponzi in 1919. The idea behind a Ponzi Scheme is that investors are offered high return and low risk and are therefore encouraged to invest. However, there is no actual investment going on ...
Page - WallStreetOasis.com - Apr 23 2012 - 8:28am
- Of Blimps and Boy Bands
There's plenty of serious stuff to write about today, but the fact that it's Friday has me in the mood to take a little trip down memory lane and share one of the goofier Wall Street stories from my past with you guys. It might go a little long, ...
Blog entry - Edmundo Braverman - Jan 7 2011 - 7:00am - 16 comments
- Bernard L. Madoff summer interns/analysts
what ever happened to these kids? Obviously I hope the ones who may have knowingly helped the scam are rotting, but what about the innocent students looking for experience with what was previously thought to be a reputable firm, who simply got the coffee, ...
Forum topic - JohnBrohan - Feb 12 2013 - 12:49pm - 7 comments
- The Clawback Index: How will it Change the Game?
Back to business today boys. After all...it's Saturday! I want to address two (IMHO) key issues for the finance world going forward. These issues will specifically effect those of you entering Wall Street soon and those who have hit the ground running ...
Blog entry - Midas Mulligan Magoo - Nov 27 2010 - 2:33pm - 10 comments
- Booze: The Cause of, and Solution to, All of Life's Problems
So says Robert L. Miller, a former lawyer and money manager for the SEC who recently avoided a 20-year prison sentence for colluding with Marc Dreier in a Madoff-style ponzi scheme that bilked investors out of $400+ million, by telling the judge that he ...
Blog entry - DoctorEvil - Jul 9 2010 - 4:27am - 9 comments
- Design the perfect ponzi scheme
The Stanford conviction got me thinking, just for shits & giggles, how would you design the perfect ponzi scheme w/ goal of maximum roi and getting out before you get caught (ie not getting greedy). ...
Forum topic - David Aames - Mar 6 2012 - 5:51pm - 9 comments
- Allen Standford to spend 110 years in jail
http://www.reuters.com/article/2012/06/14/us-stanford-sentencing-idUSBRE85D17720120614 Oh my.. 110 years sentence. What good is all that money now? I always find it funny when someone's sentence to more than human beings' life span. Quote: ...
Forum topic - Do what I gotta do - Jun 14 2012 - 1:46pm - 5 comments