Viewing entries tagged with 'investment'
Posted by Charles Brady on 26 August 2012
Money lending. Those words seem to have become dirty words these days, at least to bankers, venture capitalists and our favorite grandmothers with the deep purses and great sweet potato pie. Although Granny will still happily dish up a serving of her homemade pie, she is much more hesitant to loosen the clasp on the burlap purse.
Banks now require applicants to run 40-yard dashes in the parking lot in addition to providing DNA samples as part of the loan application process and venture capitalists are not returning calls at all these days. So where has all the money gone? When will it be back? Why did it leave in the first place?
Posted by Patrick Edwards on 26 July 2012
These days, everywhere I turn, I hear about a new investment scam. One day, Bernie Madoff, a prominent investment manager, pleads guilty to 11 federal crimes and admits to turning his wealth management business into a massive Ponzi scheme that defrauded thousands of investors of billions of dollars.
The next day I hear about Allen Stanford, a prominent financier, philanthropist, and sponsor of professional sports, who on on February 17, 2009, was charged by the U.S. Securities and Exchange Commission ("SEC") with fraud and multiple violations of U.S. securities laws for alleged "massive ongoing fraud" involving $8 billion in certificates of deposits.
