Tuesday, January 3, 2012

Happy New Year and A Few Links

Happy New Year! While I've never really been one for New Year's resolutions, I do intend to post more often over the next year. In the meantime, I've been collecting links to write about on FraudBytes and I've fallen a bit behind. In an effort to purge my queue, here are a few articles worth reading: 

The Lasting Shadow of Bernie Madoff--Three years later, many are still hurting from the fallout of the collapse of Madoff's Ponzi scheme.

Former Madoff Employee to Admit to Guilt--Madoff's former controller admits to, "falsifying the company's records and making phony submissions to government regulators."

S.E.C. Files Suit to Recoup Losses in Stanford Case--The SEC has sued the SIPC in an effort to get the SIPC to reimburse losses of investors in Allen Stanford's Ponzi scheme.

Financier in Fraud Case Is Declared Fit for Trial--Allen Stanford appears to have tried to fake or exaggerate amnesia in order to avoid trial. A federal judge has declared Stanford fit for trial. When your best legal defense is essentially, "I got hit on the head and forgot," I would say things aren't looking too hot for Stanford.

Authorities Seize Documents in Raid on Olympus in Tokyo--Japanese officials are getting more involved in investigating the alleged fraud at Olympus. Meanwhile, Olympus appears to be attempting to take actions that will minimize reform.

Pyongyang Myth-Builders Step It Up--North Korean officials have quite the task on their hands in turning Kim Jong Eun into a quasi-deity in the minds of the North Korean people. If the legends of Kim Jong il are any indicator of what we can expect, we will probably be hearing soon about Kim Jong Eun's amazing sporting feats, among other incredible ventures.




3 comments:

  1. Unfortunately there seems to be no lack of frauds to write about.

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