Feb 18 2009
Investment Manager Stanford Was Big-Time Campaign Contributor
Money manager Robert Allen Stanford now has two things in common with embattled investment manager Bernard Madoff: both have come under scrutiny for allegedly defrauding their investors, and both have given significant funds to politicians. The Securities and Exchange Commission today accused Stanford, chief of Stanford Financial Group, of “fraud in the sale of about [...]
Jan 13 2009
What Madoff could learn from Ponzi
Bernard Madoff seems once again to be borrowing from the Charles Ponzi playbook, in this case the final chapter. If so, he should be sure to read the fine print.