SEC pays $1 million to woman who ratted on her ex Washington Post (blog) One of Wall Street's best-known hedge fund managers is targeted, but the feds can't find proof. Years pass, and they close the case. … and more
The summer stock market blast higher has wiped out the conviction of short sellers. Bears are back in hibernation and Stock Short Sales at 2-Year Low, Data Explorers Says.Investors are exiting bearish bets on global equities, pushing bullish wagers on stocks to a two- year high versus short sales, according to Data Explorers. The firm’s long-short ratio has risen to 9.5, having surged from 5.75 in September 2008 when Lehman Brothers Holdings Inc.’s collapse intensified the financial crisis, …
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Bears Go Into Hibernation – Stock Short Sales at 2-Year Low
Ex-trader accused of fraud seeks to clear name on TV Broadcast Newsroom By Reuters NEW YORK (Reuters) – A former Wall Street trader accused with associates of swindling more than $140 million from investors is angling for his …
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Ex-trader accused of fraud seeks to clear name on TV – Broadcast Newsroom
'Stranded traveler' e-mail scam hitting computers Naples Daily News Allison Blankenship awoke one morning to a flurry of phone calls from back home in Naples. Friends and family were concerned she had been robbed and left … and more
Elizabeth Warren and Her Discontents Huffington Post (blog) And Tim Geithner, whose vision of Wall Street and its problems is fundamentally different from Geithner's. There are others, too – ideologues like Megan … and more
Marcophiles: Local couple brings home another national dancing prize Naples Daily News And they left with a now dry work ready to hang at home in Atlanta. “The best part for the whole day, for me, was the big hug I got and many thank yous from … and more
Examiner.com Citibank iPhone app accidentally saves personal information Examiner.com The Wall Street Journal reports that the Citicard iPhone app has a glitch in it whereby it has saved personal account information. … and more
Here is an interesting translation of a Chinese article regarding textile work and vacant cities in China. My “China Friend” who wants to remain anonymous writes … Hello Mish In Yangzi Delta Region alone, there are dozens of so called “International Garment Cities”. These cities are built under the direction of a local government investment plan. In many cases, huge parcels of land are sold to real estate developers, who promote the sale of individual shops which are to be built …
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Implosion of the China "Fabric City" Frenzy
New York Daily News Madoff Investors May Face Clawback Suits CBS MoneyWatch.com (blog) Irving Picard, the court-appointed trustee recovering money for the scam artist's victims told the Wall Street Journal he is preparing to sue as many as … Madoff Trustee Readies for New Round of Lawsuits NBC New York Water Cooler Finance: The Unrelenting Claw Of Bernie Madoff San Francisco Chronicle The Daily Docket: Madoff Trustee Prepares Lawsuits Wall Street Journal (blog) Earthtimes
Minnesota, God and the $190 million fraud CNNMoney Kiley called his listeners “truth seekers” and appealed to their distrust of Wall Street and the government. Cook said that he could trade currencies with …
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Minnesota, God and the $190 million fraud – CNNMoney
Daily Mail Female 'gypsy outreach worker' masterminded £2.9m illegal immigrant benefits … Daily Mail Anachi had also used a stolen identity for his work as an interpreter, the prosecutor said. After he was arrested, searches of his home in Woodford Green, … WOODFORD GREEN: Chartity worker admits £3m Roma benefits scam Guardian Series Gipsy rights worker in £2.6m benefits con Metro all 11 news articles
Wall Street businesses have returned money to Ohio, but Richard Cordray … PolitiFact It's good politics to present yourself as fighting for the little guy against the corrupt corporate behemoths of Wall Street . Ohio Attorney General Richard … and more
Financial reform law will reward whistle-blowers Omaha World-Herald WASHINGTON — The new financial reform law has what some lawyers call a secret weapon against fraud on Wall Street and in corporate America: the promise of … Paid to Whistle CFO.com Magazine all 2 news articles
Police probe Salisbury paving company The Daily News of Newburyport Snow insists he is not running a scam , that his work is under warranty, and that if he were not on the up and up, his trucks would not have large letters on … and more
Bobsguide (press release) Wall Street Still Doesn't Have a Sheriff New York Times THE current range of opinion on the Securities and Exchange Commission's $550 million settlement in the Goldman Sachs fraud suit lines … SEC makes Goldman man up The News Journal It's a Start WebCPA all 9 news articles
Technology Digital Dell Pays $100 Million to Settle Fraud Charges From SEC TMCnet As per the SEC regulators, Dell used payments from semiconductor giant Intel (News – Alert) to boost its profits to meet Wall Street earnings targets, … Dell pays $100m in SEC false accounting case AccountingWEB.co.uk Shonky Dell Still Wants To Trade With JB Hi Fi SmartHouse all 15 news articles
Reuters India Madoff Trustee Readies for New Round of Lawsuits NBC New York … he could sue about half of the estimated 2000 individuals he has called “net winners” from their dealings with Madoff, the Wall Street Journal reports. … The Daily Docket: Madoff Trustee Prepares Lawsuits Wall Street Journal (blog) Lawsuits for Madoff 'Winners' Before Year Is Out New York Times (blog) all 37 news articles
' Work -at- home ' scam snared Elgin mom The Courier News Perez found herself caught in what the Better Business Bureau calls a ” work -at- home scam .” It took Perez months of phone calls and complaints to untangle … Better Business Bureau's tips for storm victims ABC7Chicago.com all 4 news articles
Morgenson: Seeing vs. Doing New York Times (blog) But for the Wall Street banks whose financing of the subprime mortgage machine placed them at the center of the credit crisis, it's becoming clear that a … Gretchen Morgenson: Wall Street Refused To Stop Shady Practices In Order To … Huffington Post (blog) all 4 news articles
Inquiring minds are once again digging deep into money supply questions. They are intrigued by the fact that money supply measures M2 and TMS1 are plunging towards zero, while TMS2 is still sporting a hefty 10+% year-over-year growth. TMS stands for “True Money Supply”. The suffix (1 or 2) stands for alternate measures, one including savings accounts and the other not. M2 is a widely used Fed aggregate for money. This looks technical (and it is), but please bear with me. I can …
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Money Supply Divergence – TMS1 vs. TMS2 vs. M2 – What does it Mean?
Here is an interesting story with an Oregon slant that reflects problems all states now face. Please consider Oregon budget stands at precarious crossroad.Oregon government stands at the edge of a financial chasm as precarious as any in its 151-year history, hemmed in by the global recession, questionable spending decisions and a budget-draining combo of skyrocketing expenses and sluggish growth. Consider this sobering fact: State expenses, including payroll, health and retirement benefits, …
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Edge of Financial Chasm