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- Allen Stanford’s Back – Slow to Justice R. Allen Stanford’s Trial Slogs On
Our good friend R. Allen Stanford is back in the news. His trial for the $7 billion dollar fraud he allegedly perpetrated. To refresh memories regarding Mr. Stanford’s alleged crimes and his passion for cricket see the previous post here and here – and some good lessons on operational due diligence. The first day of [...]
- JP Morgan Chase, Madoff’s Surrogate Fathers and Ruth Turned Away
Details are still emerging regarding JPMorgan Chase’s alleged knowledge of the Madoff fraud. Here is a video about the investigation: It is being reported that the latest avenue being pursued by Madoff trustee Irving Picard is that one of the many operational due diligence red flags which should have alerted JP Morgan Chase & Co. [...]
- Chicago’s Madoff? – (Alleged) James Brandolino Hedge Fund Ponzi
Continuing in the great spirit of Chicago crime and fraud, a former Chicago hedge fund manager was arrested on fraud charges today. Hedge fund manager James Brandolino turned himself in for allegedly running a Ponzi scheme via which he stole more than $3.5 million from approximately 48 victims. Brandolino was charged with mail fraud in [...]
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