Fraud—Spoils of Democrats and Republicans

Groups Sued Over Funds From Stanford According to The Wall Street Journal, the receiver for R. Allen Stanford’s Ponzi scheme is suing Democratic and Republican political groups for return of funds. The proverbial clawbacks: A spokesman for the Democratic...

Financial Fraud 101

Scams: Pigeon Fever Sixty Minutes ran a terrific story last night on financial scams. Conclusions: Ponzi schemes are alive and thriving Gullability is here to stay. “Affiliation marketing” is the way con artists find you—at church, the country club, you...

The Death of Insider Trading

Andy Kessler recently published a terrific opinion piece, entitled Galleon and the Trouble With Insider Trading. He suggested that it’s impossible for investors to get a short-term trading edge. It’s better to make long-term investments based on...

The $21.2 Billion Halloween Mask

It’s that time of year. Costume shops are jamming as folks hunt for outfits. Twitter is buzzing with “trick or tweets” about Halloween. On Saturday little goblins will sweep through neighborhoods and fill their bags with time bombs for the waist...