Posts Tagged 'fraud'

SEC Is Charging Goldman Sachs With Fraud

Wow, never thought I’d see the day that the SEC would charge the great vampire squid with fraud. Will it be successful? I don’t know, Goldman Sachs is pretty powerful and I wonder how much the US wants them guilty. It will probably be plea-bargained out. What a shame. Goldman Sachs stock is already down 12% 13.2%. This happened in about two hours started happening at 10:36AM EST. The stock is already slightly back up. Total loss is at 13.11%

A lot of banks and financial institutions are down 5% due to this. I wish the US would actually charge the people as well as the company with federal crimes.

The NYT has a further in depth article about this situation. For the moment, I am tracking GS’ stock. It’s back up and losses are at 11.86%. The more negative publicity GS gets, the more it’s stock will plummet. Do you think that they will short their own stock?

Gizmondo’s Blow Up

A strange and interesting story in Wired about fraud and crime, including the crash of a Ferrari Enzo which led investigators to unravel a web of deceit.

The Michigan IPod Repairman Scam

An iPod repairman from Michigan made over $571K by defrauding Apple. He acquired 9,000 iPod Shuffles by entering serial numbers into Apple’s website, getting the iPods and reselling them fro $50. Actually, the government has been trying to seize his $571K, seven Apple computers, two vehicles, and a motorcycle. These are the things that he purchased thanks to the funds he got.

Man Arrested For Trying To Cash 360 Billion Check

A man was arrested when he tried to cash a check for 360 billion dollars in Dallas.


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ranjitwithkinginbehand.jpgI'm Range, your host. On the menu, photos, art, stories, entertainment and reviews. Links, maths, education and social issues. I'm in Quebec (Canada) or Taiwan (R.O.C.). Follow me on Twitter.

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