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The holy year of financial frauds!

Discussion in 'U.S. Politics' started by Untouchable, Jun 8, 2009.

  1. Untouchable

    Untouchable New Member

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    I have spent several months to follow and gather the financial scandals that hit the market last time.
    I think it's important to expose some of them, in order that more citizens and investors who are touched by crisis would be aware.

    B. Madof is just the godfather of fraud, but there are many mini-madoffs:

    -Bruce F. Friedman
    and his son-$216 million

    http://www.latimes.com/business/la-fi-friedman7-2009mar07,0,1199157.st ory

    -hedge fund manager Arthur Nadel, 350 millions dollars
    http://www.huffingtonpost.com/2009/01/17/arthur-nadel-money-manage_n_1 58723.html

    -Bruce Abraham Karatz, $232 million
    the stock have lost lost over $6 billion in value
    http://www.latimes.com/business/la-fi-karatz6-2009mar06,0,6937523.stor y

    -Marc Dreie
    r, 400 million
    http://online.wsj.com/article/SB123327272583330995.html

    -rabbi Sholom Rubashkin
    http://crownheights.ch/blog/images/smr-bail.jpg
    http://www.twincities.com/ci_11772875?source=most_emailed

    -Samuel Israel III, hedge fund fraud
    http://edition.cnn.com/2008/CRIME/06/19/hedge.fund.arrest/index.html

    -advisors Wolf Haldenstein Adler Freeman
    http://www.euroinvestor.fr/news/story.aspx?id=10088310

    -Ian Freeman, Fraud, Tax Evasion
    http://www.sherdog.com/news/news/freeman-admits-to-fraud-tax-evasion-f aces-jail-time-16159

    -London SE, massive fraud $600 million
    http://www.globes.co.il/serveen/globes/docview.asp?did=1000420891&fid= 942

    -Linda and Abe Gosman
    , of Florida
    http://www.palmbeachpost.com/business/content/business/epaper/2008/11/ 07/1107gosman.html

    -Fugitive rabbi Avrum David Friesel,
    http://www.hackneygazette.co.uk/content/hackney/gazette/news/story.asp x?brand=HKYGOnline&category=news&tBrand=northlondon24&tCategory=newshk yg&itemid=WeED06%20Jan%202009%2015:45:27:667

    -ezra Merkin!
    http://online.wsj.com/article/SB123903070566093099.html

    by chance all from the same tribe Exclamation
    ponzi games still the most a la mod
    I really wonder if the Criminal Investigation’s Bankruptcy Fraud program would be efficacious to unmask all the frauds!

    laws should be more severe.

    [​IMG]
     
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