The Daily Caveat is written by Michael Thomas, a recovering corporate investigator in the Washington, DC-area.

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Previous Posts Archives
3/25/2010
German Pensioners Jailed for Kidnapping and Torturing Financial Adviser
Just a reminder of how far this went...
Victim James Amburn blew the four wealthy OAPs' £2.3million savings on the US sub-prime mortgage market. And in a bizarre caper that left police astonished, the elderly plotters snatched him off the street and threw him into a specially prepared dungeon in a bid to force him to pay back the cash.

The kidnappers hit Amburn over the head with a Zimmer frame and stuffed him in a cardboard box, then wrapped him in duct tape until he "looked like a mummy" after stopping to get their breath back.

They then bundled him into a car boot and took him 300 miles to a secret prison on the shores of picturesque Lake Chiemsee in Bavaria.

After stripping him him naked, they burned him with cigarettes and chained him up "like an animal". They also broke several of his ribs with a chair leg before 40 police commandos stormed the house and saved him.
While Amburn is being investigated for fraud, I think we can all agree that the cigarette burns were a bit much.

via Nothing To Do With Arbroath
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3/19/2010
Interfluidity - A Blog You Should KNow
I am linking over to this particular article because the phrase found in the post script: "excising the tumors of parasitic finance" deserves to be highlighted. While your there, grab their feed or give them a bookmark.

Good stuff.
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Eliot Spitzer on the Government's Proper Role in the Market
As Spitzer continues his slow, steady reputational rehab, I'd encourage you to check out his piece over at the The Boston Review, adapted from a lecture given at Harvard's Safra Center for Ethics. Also included are a series of rebuttals, along with Spitzer's own response to his rebuttalists.

 Well worth your time.
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3/18/2010
Warren Buffett Does GNR?


What in the blue hell am I looking at here?



via NYTimes.com
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Not the Nerds! -- Two Computer Programmers Indicted for Role in Madoff Scheme -- Daily Intel
Madoff prosecutions march on - two computer programmers have been indicted on charges that they aided in concealing Madoff's ponzi scheme from regulators.

The two, Jerome O'Hara and george Perez, were both long time Madoff employees dating back to the mid-1990s. The pair face a twenty year sentence if convicted.

via Daily Intel
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all content © Michael D. Thomas 2010