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Tag Archives: fraud

Spotting the next bubble

Friday, October 24, 2008

From BBG… some vignettes about Davos… the international gathering of the worlds elite and Wall Street’s attendence… and most of these people are still running their firms… please sweep away them away as wreckage…
~~~~ ” … Steinberg recalls the attitude among some of the delegates at Davos from 2003 through last January.
Didn’t Listen
“It was clear [...]

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Uncovering fraud…

Thursday, October 23, 2008

 
From the Economist… ~~~
“… Investigators are likely to focus mainly on disclosure and valuation. Ken Lay, boss of Enron, the failed energy giant, was convicted in part because of upbeat public statements he made even as he knew the firm was in trouble. Some may try to draw a parallel with Lehman, which said its [...]

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Mini Lehmans…

Thursday, October 9, 2008

 
  ~~~~ “HONG KONG -(Dow Jones)- The Hong Kong Monetary Authority said Thursday it is investigating nine banks over sales of Lehman Brothers Holdings Inc. (LEH) ” mini-bonds” that sparked protests from investors who claim they were duped into thinking their money was safe.
The HKMA has received 7,730 complaints about the mini-bond sales and has opened 41 investigations, [...]

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Looking at the books…

Wednesday, September 24, 2008

News that we really enjoy reading… from BBG…
~~ ” The FBI is investigating Fannie Mae, Freddie Mac, Lehman Brothers Holdings Inc. and American International Group Inc. in its probe of the collapse of the subprime-mortgage market, according to a senior law-enforcement official.
Those companies are among 26 being reviewed by the Federal Bureau of Investigation for [...]

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