Tags: Bernie Madoff, fraud, Incompetence, Mary Schapiro, ponzi schemes, SEC
Bernie Madoff: SEC Chairman Mary Schapiro’s statement on the Inspector General’s report on how the SEC fucked up
On September - 3 - 2009
Bernie Madoff: The inspector general’s executive summary on the SEC’s incompetence
On September - 3 - 2009
SEC charges Sky Capital CEO Ross Mandell and 5 others in multi million dollar boiler room scheme
On July - 8 - 2009
Here’s the press release detailing the SEC boiler room charges against Sky Capital CEO Ross Mandell, COO Stephen Shea and four registered reps: Read the rest of this entry »
Tags: Boiler rooms, FBI, fraud, Legal, Ross Mandell, SEC, Sky Capital
FBI takedown: Six people arrested in a 10 year $100 million fraud
On July - 8 - 2009
Two and a half years after the FBI paid Sky Capital’s offices a visit , six connected to the firm have been arrested in what Bloomberg describes as a 10 year $100 million fraud. It’s not clear whether the first visit was related to the current charges.
Details so far are sketchy. We wonder if the SEC was also involved, or if this is another case where they slept as another agency did their work.
Update: Looks like the SEC was involved and that it was connected to the FBI raid in 2006: Read the rest of this entry »
Tags: arrests, FBI, fraud, SEC, Sky Capital
Cartoon: Ruth Madoff subway spoof
On June - 26 - 2009
After yesterday’s sighting of Ruth Madoff going downscale, riding the subway: Sean Delonas’ cartoon from Page Six in today’s NY Post
Tags: Bernie Madoff, fraud, irony, Legal, ponzi schemes, prison, Scandal
99 pennies for her thoughts: Ruth Madoff goes underground…on the subway!
On June - 25 - 2009
The indignity! Even when she goes underground, she can’t escape the prying lenses of the press: Ruth Madoff is photographed by the NY Post using a mode of transportation that she probably hasn’t taken in a forever: the SUBWAY! And the irony is that she’s captured sitting beneath a 99¢ sign. Too funny. Read the rest of this entry »
Tags: Bernie Madoff, fraud, irony, Legal, ponzi schemes, prison, Scandal
Bernie’s day of reckoning is drawing near and his victims understandably want to make him squirm; 113 of them file statements witht court
On June - 15 - 2009
Bernie Madoff’s June 29 day of reckoning is fast approaching where the Ponzi scammer will be sentenced. And 113 of his victims have written to the judge to tell him just how their lives have been shattered…. Read the rest of this entry »
Tags: Bernie Madoff, fraud, Legal, ponzi schemes, Scandal
