CARE TO CONTRIBUTE?
TIPS, COMMENTS and QUESTIONS are always welcome (and strictly confidential).
Contact The Daily Caveat via:
Or just
read the feed...
Previous Posts
- New Digs for The Daily Caveat
- Rudolph Elmer on Trial
- Sex By Surprise - Julian Assange Surrenders, Charg...
- Taken Aback By the Government's Insider Trading Pr...
- Corporate Crime Comics
- The Daily Caveat has moved...
- Goldman Sachs (Criminally) Probed
- Goldman Sachs Faces Fraud Charges from the SEC
- German Pensioners Jailed for Kidnapping and Tortur...
- Interfluidity - A Blog You Should KNow
- February 2005
- March 2005
- April 2005
- May 2005
- June 2005
- July 2005
- August 2005
- September 2005
- October 2005
- November 2005
- December 2005
- January 2006
- February 2006
- March 2006
- April 2006
- May 2006
- June 2006
- July 2006
- August 2006
- September 2006
- October 2006
- November 2006
- December 2006
- January 2007
- February 2007
- March 2007
- April 2007
- May 2007
- June 2007
- July 2007
- August 2007
- September 2007
- October 2007
- November 2007
- December 2007
- January 2008
- February 2008
- March 2008
- April 2008
- May 2008
- June 2008
- July 2008
- August 2008
- September 2008
- October 2008
- November 2008
- December 2008
- January 2009
- February 2009
- March 2009
- April 2009
- May 2009
- June 2009
- July 2009
- August 2009
- September 2009
- October 2009
- November 2009
- March 2010
- April 2010
- May 2010
- August 2010
- December 2010
- January 2011
- February 2011
- Current Posts
12/31/2008
Ponzi-Watch Continues
Bernie Madoff Not the Only Ponzitrpaneur Who's In Trouble With the Law
Honey Laundering
Holiday Hangover... Still Recovering
Suicide of Madoff-Invested Hedge Funder
Financial Times Features Jules Kroll
Major Accounting Firms Eyed by Fraud Victims in Madoff Mess
National Lampoon CEO Stock Scandal
Madoff's Auditor Beyond Questionable
KPMG Sees Three Convicted in Tax Shelter Case
Former General Re Insurance Exec Gets Two Years
Dreier Law Firm Headed to Bankruptcy
Madoff Fraud a Family Affair?
Who Got Took?
Siemens Signs off on Billions in Fines
Former NASDAQ Chief Busted in $50 Billion Fraud Scheme
Pequot Insider Trading Case Gets Another Look
"Spanish Enron" Stamp Auctioneer Faces Potential Indictment
Cross Border Mergers
Mark Dreier Does Not Pass Go
Liechtenstein to Loosen Up on Bank Secrecy (Sort Of)
CEO Suicide at Julius Baer?
Corporate Risk International Goes Pirate Hunting
Pelicano Wiretap Case Leads to Former FBI Agent
Russia Cracking Down on Insider Trading
10 Years For Daniel Dantas
Recapping the Highlights of Departing NY U.S. Attorney Michael J. Garcia
Lord Conrad Black's Low Opinon of the U.S. Justice System
Kroll Lending a Hand With Express Scripts Data Breach Matter
Back in the Saddle
Ponzi-Watch Continues
Meet George Theodule, recently sued by the SEC. If you're of Hatian extraction and living in Florida, Mr. Theodule would very much like to have you money - the fewer questions asked the better. Given the chance he'll double it for you in 90 days.
The SEC has stepped in at this point to curtail Mr. Theodule's ponzitraneurship, but not before he suckered thousands of investors and made off with around $20 million. His assets frozen, his ass in a sling, it looks like 2009 is not shaping up to be a good year for Theodule.
And the beat rolls on.
-- MDT
The SEC has stepped in at this point to curtail Mr. Theodule's ponzitraneurship, but not before he suckered thousands of investors and made off with around $20 million. His assets frozen, his ass in a sling, it looks like 2009 is not shaping up to be a good year for Theodule.
And the beat rolls on.
-- MDT
Labels: Creative Capital Consortium, George Theodule, ponzi
0 Comments.
Post a Comment
Bernie Madoff Not the Only Ponzitrpaneur Who's In Trouble With the Law
Meet Bryant Rodriguez,who promised 30% returns every two weeks to his unfortunate (and optimistic) investors. Sure he's only a small fish, having only bilked about a million from a small pool of investors, but this is the kind of fraudster that lives to fight another day and perhaps bilk your business. So mark that name. He'll be back.
-- MDT
12/30/2008
-- MDT
Labels: Bryant Rodriguez, ponzi
Honey Laundering
No really. Honey laundering. Really good piece from the Seattle Post Intelligencer about crime that you never knew existed.
-- MDT
12/29/2008
-- MDT
Labels: honey laundering
Holiday Hangover... Still Recovering
Regular posts to resume later this week. Assuming something interesting is happening out there.
In the meantime, check out these guys: Clusterstock.
Nice folks, great content. Plenty of Madoff mayhem.
-- MDT
12/23/2008
In the meantime, check out these guys: Clusterstock.
Nice folks, great content. Plenty of Madoff mayhem.
-- MDT
Suicide of Madoff-Invested Hedge Funder
I know, I know. You're sick of the Madoff.
But, holy crap!
-- MDT
12/21/2008
But, holy crap!
-- MDT
Labels: Access Interntational Advisors, Bernie Madoff, Rene Thierry Magon de la Villechet
Financial Times Features Jules Kroll
Just in case you were wondering what he's been up to since retirement.
--MDT
--MDT
Labels: Jules Kroll, Kroll
Major Accounting Firms Eyed by Fraud Victims in Madoff Mess
PricewaterhouseCoopers and BDO Seidman are just two of the big names whose customers are mulling or have already filed suit.
-- MDT
12/20/2008
-- MDT
Labels: accounting fraud, BDO Seidman, Bernie Madoff, PWC
National Lampoon CEO Stock Scandal
Madoff's Auditor Beyond Questionable
With audit services rendered by the firm Dewey, Cheatum and Howe. Wonder how that failed to raise any red flags. Oh wait... It did.
--MDT
--MDT
Labels: Bernie Madoff, Friehling and Horowitz
KPMG Sees Three Convicted in Tax Shelter Case
Robert Pfaff , John Larson and Raymond J. Ruble - come on down!
David Greenberg - you're free to go.
--MDT
12/18/2008
David Greenberg - you're free to go.
--MDT
Former General Re Insurance Exec Gets Two Years
Former General Re chief executive, Ronald Ferguson is the first of five General Re executives to face the music - two years in prison - for falsifying financial documents relating to a reinsurance deal with AIG. For a little background, try this 2005 article from The Guardian or our full coverage of the case.
-- MDT
12/16/2008
-- MDT
Labels: General Re, Ronald Ferguson
Dreier Law Firm Headed to Bankruptcy
Not good news...
But when your pater famalis is in the hoosegow on an ugly rap, what can you do?
-- MDT
But when your pater famalis is in the hoosegow on an ugly rap, what can you do?
-- MDT
Labels: Mark Dreier
Madoff Fraud a Family Affair?
That is definitely one way to keep your dirt quiet. And some of those family connections, along with a fat piles of lobbying cash, may have played a role in greasing the skids with Federal regulators. So just how many tips did the SEC get about the Madoff investment house without acting? More than a few, it seems. The commission is getting downright reflective on their Madoff connections. Here's the mea culpa from Chris Cox himself.
-- MDT
12/15/2008
-- MDT
Labels: Bernie Madoff, ponzi, SEC
Who Got Took?
Bernie Madoff's epic ponzi scheme really boggles the mind. Given his star power as former NASDAQ chief he was able to attract an A-List group of clients. Many news organizations have taken some time compiling various lists of brand names that got taken. If you're one of those trying to keeping score, FinAlternatives has a running list of the names (and the numbers).
-- MDT
-- MDT
Labels: Bernie Madoff, ponzi scheme
Siemens Signs off on Billions in Fines
Looking to close the book on the massive bribery investigation, Siemens settles for big bucks on lesser charges.
-- MDT
12/11/2008
-- MDT
Labels: bribery, settlement, Siemens
Former NASDAQ Chief Busted in $50 Billion Fraud Scheme
Well damn... Didn't see that coming.
Pequot Insider Trading Case Gets Another Look
Some new details have emerged about this controversial SEC insider trading investigation, courtesy of former Pequot employee, David Zikha's divorce proceedings. The filings show that Zikha, who joined Pequot from Microsoft back in 2001 received a nearly $2 million payment from Pequot and was still owed another $700,000 due this April.
No explanation was given for exactly what Zikha was being compensated. There has already been more than a suggestion that Zikha was hired by Pequot specifically because of the information he could offer about Microsoft and it appears that Zikha was unceremoniously dumped by Pequot once his sources at his former employer had been tapped out.
Apparently both Zikha and the folks at Pequot have been working hard to keep the trial proceedings locked down, but the Senate Judiciary Committee, which as been monitoring the case was able to obtain he Zikha financial docs from the court. Interesenté... Lots more here, at FinAlternatives.
--MDT
12/09/2008
No explanation was given for exactly what Zikha was being compensated. There has already been more than a suggestion that Zikha was hired by Pequot specifically because of the information he could offer about Microsoft and it appears that Zikha was unceremoniously dumped by Pequot once his sources at his former employer had been tapped out.
Apparently both Zikha and the folks at Pequot have been working hard to keep the trial proceedings locked down, but the Senate Judiciary Committee, which as been monitoring the case was able to obtain he Zikha financial docs from the court. Interesenté... Lots more here, at FinAlternatives.
--MDT
Labels: Arthur Samberg, David Zikha, insider trading, Pequot Capital
"Spanish Enron" Stamp Auctioneer Faces Potential Indictment
That's what Spanish prosecutors would like to see happen to American businessman, Greg Manning. His firm, Greg Manning Auctions International - later renamed Escala, fed low quality, low value stamps into Afinsa Bienes Tangibles, which was the world's third largest auction company before its "no-loss" stamp-investment plan imploded taking down the retirement funds of thousands of Spaniards with it. The Spanish fuzz is looking to add to Mr. Manning's already sizable legal issues by prodding their U.S. counterparts to action. They've already issued a summons for Manning to appear in Spanish court, but lets just say they are not entirely holding their breath.
Labels: Afinsa Bienes Tangibles, Escala, Greg Manning
Cross Border Mergers
Mark Dreier Does Not Pass Go
Perpetrating a $100 million dollar fraud, means directly to jail.
--MDT
12/07/2008
--MDT
Labels: Fraud, hedge fund, Mark Dreier, no one loves a lawyer
Liechtenstein to Loosen Up on Bank Secrecy (Sort Of)
Following the Heinrich Kieber-induced international tax evasion scandal that lead international regulators to its door, Liechtenstein, the famous European tax haven is apparently planning on softening its bank secrecy laws.
As per a new agreement, set to be signed next week with American regulators, Liechtenstein will begin turning over banking records for individuals currently under investigation or currently being prosecuted for tax evasion in the U.S.
The key bit there is the part about being currently under investigation.
Beyond that narrow window, Liechtenstein is keeping the shades drawn tight, leading some to suggest that the nation's newly touted cooperation is little more than an attempt to change the subject.
-- MDT
12/05/2008
As per a new agreement, set to be signed next week with American regulators, Liechtenstein will begin turning over banking records for individuals currently under investigation or currently being prosecuted for tax evasion in the U.S.
The key bit there is the part about being currently under investigation.
Beyond that narrow window, Liechtenstein is keeping the shades drawn tight, leading some to suggest that the nation's newly touted cooperation is little more than an attempt to change the subject.
-- MDT
Labels: Heinrich Kieber, Liechtenstein, tax evasion
CEO Suicide at Julius Baer?
It has been reported that Julius Baer bank CEO, Alex Widmer has died. While the bank initially released a statement that the death was a result of an unspecified illness, family friends have publicly referred to the untimely passing as suicide. Swiss authorities have thus far refused to offer their own confirmation one way or the other.
12/04/2008
Julius Baer has recently faced an investigation into assisting its clients with evading taxes leading to a nasty legal fight over the exposure of stolen bank records, (see Rudolf Elmer) which saw the bank at odds with the public disclosure advocates at Wikileaks.org. More on Elmer's role in all this can be found right here.
No way to say yet whether these travails had any bearing on Widmer's passing. Something is sure to be confirmed shortly, one way other the other.
-- MDT
Labels: Alex Widmer, Julius Baer, revenge, Rudolph Elmer, suicide, tax evasion, whistleblower
Corporate Risk International Goes Pirate Hunting
The move is a partnership for the Virginia-based firm with Veritas, a UK-based security concern. According to the Washington Post the two firms will market a packaged anti-piracy service, including tactical training for shipping crews as well as access to the skilled negotiating teams that Corporate Risk is known for in its kidnapping and extortion resolution work.
-- MDT
-- MDT
Labels: Corporate Risk Internatonal, piracy, Veritas
Pelicano Wiretap Case Leads to Former FBI Agent
FBI agent Mark Rossini recently resigned from the bureau and his name has emerged in relation to the wiretapping case against convicted Hollywood private investigator, Anthony Pellicano. On Monday Rossini was charged in Washington, DC District Court with five misdemeanor counts relating to the inappropriate use of FBI computers and records back in 2007. Rossini was allegedly seeking information that would have aided Pellicano in his criminal trial. "The Pelican" was convicted back in May of 2008.
--MDY
12/03/2008
--MDY
Labels: Anthony Pellicano, Mark Rossini
Russia Cracking Down on Insider Trading
10 Years For Daniel Dantas
The Brazillian popo get their man. See here for details on the Dantas / Kroll / Telecom Italia wiretapping saga from a few years back that saw Kroll's Brazilan offices raided by police.
-- MDT
-- MDT
Labels: Daniel Dantes
Recapping the Highlights of Departing NY U.S. Attorney Michael J. Garcia
Three years of prosecutorial white collar goodness... Along with a little homeland security thrown in for spice.
-- MDT
-- MDT
Labels: Michael Garcia, New York, U.S. Attorney
Lord Conrad Black's Low Opinon of the U.S. Justice System
Whether or not you harbor any sympathies for the former newspaper magnate turned white collar inmate, this is a quality, five-star rant.
-- MDT
12/02/2008
-- MDT
Labels: Conrad Black
Kroll Lending a Hand With Express Scripts Data Breach Matter
Apparently some customers have been threatened with having their stolen personal data revealed unless they pay up. Kroll is assisting Express Scripts in running down the would-be extortionists.
-- MDT
-- MDT
Labels: data breach, Kroll
Back in the Saddle
After recovering from our Thanksgiving travels.
So what'd I miss?
-- MDT
So what'd I miss?
-- MDT
