Download or read book Ponzimonium written by Bartholomew H. Chilton and published by Us Independent Agencies and Commissions. This book was released on 2011-10-25 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: True stories of crime and punishment that will inform and educate anyone who wants to find out how to identify and avoid becoming entangled in an investment fraud.
Download or read book Ponzimonium written by U.S. Commodity Futures Trading Commission (CFTC) and published by Simon and Schuster. This book was released on 2016-04-19 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ponzimonium is a book chock-full of advice to educate investors on the scam artists ripping off America. The primary message is that investors should not spend on unregulated companies or individuals who trade unregulated markets—background checks are priceless. The book tells provocative stories such as that of Darren Potter, who cleverly categorized investments in his program as “loans” and ironically became a victim himself of a Ponzi scheme. There is an “Investor Bill of Rights” that pushes investors to question fund lock-up clauses and warns them to be careful of those who do not properly explain obligations and fund expenses, require additional investment capital at a future point in time, or have not appropriately disclosed all risks. Some of the red flags called out in Ponzimonium include a fund’s need for secrecy and whether there are abnormal methods of accepting investments or whether conducting independent research on the fund is difficult. This is a must-read for anyone new or old to investing and the pitfalls that could make or break your bank.
Download or read book Ponzimonium How Scam Artists are Ripping Off America written by Commodity Futures Trading Commission (U.S.) and published by U.S. Independent Agencies and Commissions. This book was released on 2012-01-20 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fortunately, more than ever before, con artists are being apprehended and prosecuted. Federal, state and local law enforcement officials have reported enormous increases in tips and criminal activity since the economic calamity began in 2008. Cash redemptions are dangerous for Ponzi schemes, because when the money runs out, folks start talking. For example, at any one time, enforcement staff at the U.S. Commodity Futures Trading Commission (CFTC) are investigating anywhere between 750 and 1,000 individuals or entities for various violations of the law. Increases in tips and fraud cases have also occurred at the U.S. Securities and Exchange Commission (SEC), at the Federal Bureau of Investigation (FBI), in the states, and various localities around the world. The stories in this book are actual CFTC cases stemming from investigations that began with the economic downturn. These are real cases, real fraudsters, with unfortunately . . . very real victims. While, the fundamental nature of the writing in such files is, as you would imagine, very bureaucratic: this script is anything but bureaucratic. Commissioner Chilton has worked in public service for over a quarter of a century and has found that one of the most important things that can be done is to make government less puzzling and perplexing, less mysterious, and yes, less bureaucratic. While Commissioner Chilton can’t say there has been any monumental change in how folks see their government, over the years, Commissioner Chilton continues to try and do his part by communicating in a way that lets folks “in” on what is going on. This writing is an effort to continue that work. Commissioner Chilton hopes it will be a satisfying read, but more importantly, maybe some folks will avoid the tremendous tragedy that so many of our fellow citizens have endured.
Download or read book Investment Governance for Fiduciaries written by Michael E. Drew and published by CFA Institute Research Foundation. This book was released on 2019-04-22 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governance is a word that is increasingly heard and read in modern times, be it corporate governance, global governance, or investment governance. Investment governance, the central concern of this modest volume, refers to the effective employment of resources—people, policies, processes, and systems—by an individual or governing body (the fiduciary or agent) seeking to fulfil their fiduciary duty to a principal (or beneficiary) in addressing an underlying investment challenge. Effective investment governance is an enabler of good stewardship, and for this reason it should, in our view, be of interest to all fiduciaries, no matter the size of the pool of assets or the nature of the beneficiaries. To emphasize the importance of effective investment governance and to demonstrate its flexibility across organization type, we consider our investment governance process within three contexts: defined contribution (DC) plans, defined benefit (DB) plans, and endowments and foundations (E&Fs). Since the financial crisis of 2007–2008, the financial sector’s place in the economy and its methods and ethics have (rightly, in many cases) been under scrutiny. Coupled with this theme, the task of investment governance is of increasing importance due to the sheer weight of money, the retirement savings gap, demographic trends, regulation and activism, and rising standards of behavior based on higher expectations from those fiduciaries serve. These trends are at the same time related and self-reinforcing. Having explored the why of investment governance, we dedicate the remainder of the book to the question of how to bring it to bear as an essential component of good fiduciary practice. At this point, the reader might expect investment professionals to launch into a discussion about an investment process focused on the best way to capture returns. We resist this temptation. Instead, we contend that achieving outcomes on behalf of beneficiaries is as much about managing risks as it is about capturing returns—and we mean “risks” broadly construed, not just fluctuations in asset values.
Download or read book The Politics of Ponzi Schemes written by Marie Springer and published by Routledge. This book was released on 2020-12-30 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the space of three years, from 2009 to 2012 Bernie Madoff, Tom Petters and R. Allen Stanford were all convicted for running multi-billion dollar Ponzi schemes. These three schemes alone have had the largest financial take in U.S. history. But what role does the economy and legislation play in the occurrences of Ponzi schemes? What is the nature of Ponzi schemes and what are their tools and mechanisms? What can we know about Ponzi perpetrators? Unraveling the answers to these questions (and many more), Marie Springer provides the first representative portrait of Ponzi schemes, their perpetrators, and their victims. Adopting a multidisciplinary approach, she begins by presenting an overview of different types of Ponzi schemes. She later explores perpetrators and victims of Ponzi schemes followed by a close examination of economic trends, regulatory changes, and the financial relationship with Ponzi schemes. Other key features include: • A non-technical overview of both offender based and offense-based approaches of studying this form of fraud. • Examples of Ponzi schemes and Ponzi schemers. • A wealth of descriptive statistics on known federal cases from the 1960s until the present to quantify this specific form of fraud. Broadening our understanding of Ponzi schemes as a form of white-collar crime, The Politics of Ponzi Schemes provides an excellent foundation for students and practitioners of public administration, banking, as well as investors, finance and accounting, law enforcement officers, legislators and regulators.
Download or read book Ponzimonium written by Commissioner Bart Chilton and published by CreateSpace. This book was released on 2014-03-16 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Congress created the U.S. Commodity Futures Trading Commission in 1974 as an independent agency with the mandate to regulate commodity futures and option markets in the United States. The CFTC's fellow federal financial regulatory agencies include the Securities and Exchange Commission (SEC), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board , and the Office of the Comptroller of the Currency (OCC). The CFTC's mandate has been renewed and expanded several times since 1974, most recently with the Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into law by President Barack Obama on July 21, 2010. Dodd-Frank ushers in a new era for the CFTC by expanding its regulatory authority to the over-the-counter derivatives markets. Over-the-counter derivatives previously have not been regulated in the United States and were at the center of the 2008 financial crisis.
Download or read book Consumer Survival 2 volumes written by Wendy Reiboldt and published by Bloomsbury Publishing USA. This book was released on 2013-11-26 with total page 1138 pages. Available in PDF, EPUB and Kindle. Book excerpt: Designed to empower readers to advocate for themselves and others, this wide-ranging encyclopedia reveals a surprising range of resources and options that consumers have at their disposal. The only book of its kind, this two-volume, alphabetically arranged reference covers a broad array of topics related to consumer rights, including those of interest to often-overlooked populations such as older adults, veterans, and the homeless. Specific entries address critical areas including food and product safety, housing, health care, the financial industry, the automobile industry, and telecommunications. The encyclopedia reviews the historical development of the consumer movement, examines beliefs and values that drive the movement, and identifies agencies and laws intended to safeguard consumers. Expert contributors discuss key current issues as well as those likely to arise in the future. Vignettes and case studies are used throughout, and various, sometimes contrasting viewpoints are shared to help readers better understand the content. Related topics are easily discovered through a "see also" list, and additional readings are provided at the end of each entry.
Download or read book The Cobra Event written by Richard Preston and published by Ballantine Books. This book was released on 2007-04-10 with total page 449 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Cobra Event is set in motion one spring morning in New York City, when a seventeen-year-old student wakes up feeling vaguely ill. Hours later she is having violent seizures, blood is pouring out of her nose, and she has begun a hideous process of self-cannibalization. Soon, other gruesome deaths of a similar nature have been discovered, and the Centers for Disease Control sends a forensic pathologist to investigate. What she finds precipitates a federal crisis. The details of this story are fictional, but they are based on a scrupulously thorough inquiry into the history of biological weapons and their use by civilian and military terrorists. Richard Preston's sources include members of the FBI and the United States military, public health officials, intelligence officers in foreign governments, and scientists who have been involved in the testing of strategic bioweapons. The accounts of what they have seen and what they expect to happen are chilling. The Cobra Event is a dramatic, heart-stopping account of a very real threat, told with the skill and authority that made Preston's The Hot Zone an internationally acclaimed bestseller.
Download or read book Ponzi written by Donald Dunn and published by Crown. This book was released on 2004-03-23 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: Just who was the man whose name has become synonymous with the classic “rob-Peter-to-pay-Paul” scam in which money from new investors is used to reward earlier ones? In December 1919, he was an unknown thirty-eight-year-old, self-educated Italian immigrant with a borrowed two-hundred dollars in his pocket. Six months later, he was Boston’s famed “wizard of finance,” lionized by the public and politicians alike. Based on exclusive interviews with people who knew Charles Ponzi, lent him their money, and exposed him, Donald Dunn’s Ponzi recreates both one of America’s most notorious and colorful financial con artists and the mad money-hungry era in which he thrived.
Download or read book The Financial Crisis and White Collar Crime written by Nicholas Ryder and published by Edward Elgar Publishing. This book was released on 2014-05-30 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: øThis timely book will be of great use to both teachers and students of financial crime relevant modules.ø It will also appeal to policy-makers in government departments, law enforcement agencies and financial regulatory agencies, as well as profession
Download or read book Informants Cooperating Witnesses and Undercover Investigations written by Dennis G. Fitzgerald and published by CRC Press. This book was released on 2014-11-05 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers every aspect of the informant and cooperating witness dynamic a controversial technique shrouded in secrecy and widely misunderstood. Quoted routinely in countless newspaper and magazine articles, the first edition was the go-to guide for practical, effective guidance on this tricky yet powerful tactic. Extensively updated, topics in this second edition include changes in the FBI's informant program, changes brought on by immigration reforms, recent high-profile cases, and the changing nature of compensation and cooperation fees. It also examines the management of informant-driven search warrants and challenges posed by fabricated information.
Download or read book History of Greed written by David E. Y. Sarna and published by John Wiley & Sons. This book was released on 2010-09-07 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: The “greater fool” theory of economics states that it’s possible to make money by buying paper (securities), whether overvalued or not, and later, selling it at a profit because there will always be an even greater fool willing to pay the higher price. Many described in this book profited by peddling such worthless junk to foolish investors. But for some people—Bernie Madoff, Norman Hsu, Sholam Weiss, and “Crazie Eddie” Antar, aka the “Darth Vader of Capitalism”—overvalued securities were not enough. Outright fraud was their way of life. History of Greed is the compelling inside story of the names you know—Charles Ponzi, Baron Rothschild, Lou Pearlman—and the names you don’t—Isaac Le Maire, the world’s first “naked” short-seller. It’s also our story—why we ignore the lessons of the past and fall prey, most every time, to the promise of easy money. For thousands of years, alchemists unsuccessfully tried to turn worthless base metals into gold. Where science failed at turning nothing into something, business succeeded. Sometimes we praise the creators of derivatives, collateral debt obligations, subprime mortgages, credit default swaps, or auction rate securities as Wall Street’s new financial wizards, the creators of “magic paper.” Other times, we vilify and prosecute them as scam artists. Sometimes, it’s hard to tell who is who. History of Greed reveals the inside secrets of how the markets really work, and how scam artists abuse them to gain an unfair edge or to outright steal. It describes how luftgescheft (“air business”), wizardry, dishonesty, and fraud are used to swindle people. Along with a comprehensive bibliography, History of Greed also details: 400 years of financial fraud—from everyday fraud to the odd and unusual Accounting fraud (phantom sales), stock option fraud (backdating), auction rate securities, hedge fund fraud, Ponzi schemes, promotion fraud (pump-and-dump scams), and money laundering How to detect fraudulent schemes How government regulation only fixes yesterday’s problems If it’s too good to be true, it probably is. If they say you can’t lose, you probably will. History of Greed shows that there really is no such thing as a free lunch, while also detailing how not to become the “greater fool.”
Download or read book Criminological and Forensic Psychology written by Helen Gavin and published by SAGE Publications Limited. This book was released on 2024-02-23 with total page 696 pages. Available in PDF, EPUB and Kindle. Book excerpt: A truly modern approach to criminological and forensic psychology, this engaging text explores all aspects of the field, from defining forensic psychology, through the psychological explanations of crime and specific crime types, to the application of psychology in detection and investigation, the court room, and prison. This new edition has been fully updated to include more coverage of social and developmental factors impacting crime, female offenders, and crime in times of crisis, along with a brand-new chapter on stalking and harassment. The inclusion of topical issues such as white supremacy and the #MeToo movement places this book fully in the moment and explores issues that affect us all. With detailed case studies of real-life crimes throughout, this text is a perfect companion to your studies of forensic psychology at any level. Helen Gavin was, before retiring in 2023, Subject Lead in Criminal Psychology at the University of Huddersfield.
Download or read book Ponzi s Scheme written by Mitchell Zuckoff and published by Random House Trade Paperbacks. This book was released on 2006-01-10 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: It was a time when anything seemed possible–instant wealth, glittering fame, fabulous luxury–and for a run of magical weeks in the spring and summer of 1920, Charles Ponzi made it all come true. Promising to double investors’ money in three months, the dapper, charming Ponzi raised the “rob Peter to pay Paul” scam to an art form. At the peak of his success, Ponzi was raking in more than $2 million a week at his office in downtown Boston. Then his house of cards came crashing down–thanks in large part to the relentless investigative reporting of Richard Grozier’s Boston Post. A classic American tale of immigrant life and the dream of success, Ponzi’s Scheme is the amazing story of the magnetic scoundrel who launched the most successful scheme of financial alchemy in modern history.
Download or read book The Great Crash Of 2008 written by David Llewellyn-Smith and published by Melbourne Univ. Publishing. This book was released on 2009-10-01 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the world enjoyed the prosperity of an unparalleled boom, an economic earthquake was looming, and then struck abruptly. Bastions of finance collapsed, long-standing policy beliefs were abandoned, and governments charged into the rubble without time to watch their steps. But for those who were looking, the faultlines that ran beneath the boom had been apparent for years. In The Great Crash of 2008, Ross Garnaut and David Llewellyn-Smith take us through the imbalances that led to the global financial crisis, tracing the cracks that were appearing within the modern economy and presenting a whole-world view of reasons for the downturn. They assess the implications of the global financial crisis and offer hope for finding order in the wreckage, in restoring development and building a stronger and more sustainable world.
Download or read book NextGen Implementation Plan written by Federal Aviation Administration (U.S.) and published by Government Printing Office. This book was released on 2013-06-18 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2013 Plan serves as a roadmap of the FAA’s ongoing transition to NextGen and provides an overview of the benefits aircraft operators and passengers are receiving from recent NextGen improvements. NextGen is the shift to smarter, satellite-based and digital technologies and new procedures to make air travel more convenient, predictable and environmentally friendly. Highlights of the Plan include the latest on metroplex initiatives, Performance Based Navigation growth, Automatic Dependent Surveillance-Broadcast deployments, surface collaboration and plans for future benefits. The plan devotes an entire chapter to general aviation and recognizes the growing role of this important stakeholder.
Download or read book The Readies written by Bob Brown and published by . This book was released on 2015-02-13 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1930, Bob Brown predicted that the printed book was bound for obsolescence. The time has come, he insisted, to rid the reader of the cumbersome book. He invented a machine that would allow one to read books and any text extremely fast and in a hyper abbreviated form. He called these abbreviated texts, with em dashes replacing words: readies. He envisioned sending the condensed texts through wireless networks. The Readies, describes these eponymously named abbreviated texts and his plans for a reading machine, but since he printed only 150 copies, the volume is practically unknown outside of a small circle of scholars. With this new edition, Craig Saper hopes to introduce Bob Brown's Roving Eye Press books to a new generation of readers.
