Madoff: “Screw the Victims”

I just returned from Nino’s in Manhattan, where the authors of The Club No One Wanted to Join gathered to discuss their book. They are a group of twenty-nine investors in Madoff’s Ponzi scheme. Their book describes the change in their lives since the...

Uma Thurman, Ponzi Schemes and Justice

Just when it looked like Ponzi schemes had run their course—for the time being—we learned of another. The Daily Beast reported: Sorry, former President Clinton: It’s not that Ken Starr. A financial adviser with the same name as Clinton’s former nemesis was arrested on...

Wealth Management: How Can We Trust Anyone When…

On Thursday, March 18, I’m speaking in Amsterdam at a conference hosted by NRC Focus. The topic is “trust,” and here’s what the magazine writes: Trust is essential for markets to function properly. In a ‘high trust society’ like the...

Wealth Management’s Dirty Harry

In case you missed Matt Lauer’s interview with Harry Markopolis, here it is. Markopolis is the money manager from Boston who met with SEC four times and tried to expose Madoff’s Ponzi scheme. He said some terrific things during the interview and some that...

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...