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Most of us remember that it seemed like the financial world came crumbling down the day Lehman Brothers announced that they were going into bankruptcy. I have to admit that, even though there were overall signs that something wasn’t right, this was the defining moment when I knew this country was in trouble. Ever since [...]
Would you trust this guy? Seems a lot of people did, to the tune of more than $1.2 billion dollars that are now gone. And this guy, Scott Rothstein, is heading to jail for probably the rest of his life, or at least 25 years of it, giving up all his assets of $300 million, [...]
By now, everyone has heard of Bernard Madoff’s Ponzi scheme, but few people really understand just what it was he did. To begin with, few people know just what a Ponzi scheme is. I found a great article on a news site, but I knew it would be gone pretty quickly. So, I created a [...]