Women and Financial Insecurity

A recent article in the online version of the Wall Street Journal caught my attention. It was called “Clients From Venus.” Source It began by pointing out that women are becoming increasingly involved in personal finance. “Women control $8 trillion in assets in the U.S., and by 2020 are expected to control $22 trillion, according … Read more

Whole Bakers’ Bread And Butter Is Fraud

Whole Bakers owner, Patricia “Patty” Stewart, was sentenced yesterday to the statutory maximum of 60 months in federal prison for running an investment fraud scheme. The scheme defrauded investors, including elderly Texas citizens, of more than $2 million. According to documents filed in the case, from December 2005 through May 2010, Stewart, who owned and … Read more

Corrupt Criminal Club: Member’s Only

On Wednesday of last week word broke about the largest insider trading scheme involving single stock charged to date. Three defendants have pled guilty and are cooperating with the government’s investigating a scheme that allegedly netted more than $61.8 million in illegal profits. Charges were announced against seven investment professionals, who worked at three different … Read more

Men Behind New Jersey Fake Hedge Fund Management Charged For Defrauding Victims

Two men running a fake hedge fund scheme have been charged in New Jersey for the alleged $3.5 million fraud. The men, George Sepero and Carmelo Provenzano, claimed to run Jersey based hedge funds using a secret computer program to invest in foreign currency were charged for defrauding victims and spending the investments on high-end … Read more

Previously Convicted Scammer Heads Back To Prison

I really don’t understand why criminals who have failed previous times in the past at committing a crime honestly think they have what it takes to commit it again. Last month Jon Edward Hankins was sentenced to prison on charges of wire fraud in connection with his scheme to lure investors to invest into his … Read more

The Formula For Fraud Is Not Greater Than Or Equal To The Formula For Investing

An alleged investment fraud scheme has lead to an indictment charging Robin Brass with four counts of mail fraud where she could face up to 20 years in prison and a fine of up to $250,000 on each count. Allegedly, from around March 2009 until approximately November 2011, Brass acting as a principal of The … Read more