Another Free Dinner Nightmare Xerox and Eastman Kodak retirees have been victimized by another retire early, get rich quick scam similar to many others we have reported on over the past several years. About 100 former employees, all of whom claim that they were duped into retiring early only to have their life savings wiped […]
Great news for Enron shareholders! You can now turn each of your Enron stock certificates into a deluxe coffee product at Starbucks or a matinee ticket to the movies. That’s right!! Almost seven years after Fortune Magazine named it most innovative company, Enron filed for bankruptcy. Investors this week are learning that they will receive […]
I thought Christmas was over. The storage container I have to rent due to our enormous Christmas decoration stock pile that would make Clark Griswold proud, was packed and sent away weeks ago (We don’t have basements in Florida and my lovely wife loves to add to the stock pile every year.) I guess they […]
Its Christmas time and retailers around the country are vying for your money. Markdowns, sales and rebates are abounding in a battle to win your business. I am a bargain shopper. I happen to live very close to an outlet mall where I do all my shopping because I hate paying retail. I just so […]
My daughter is afraid of bears. I am still trying to figure out where it comes from because she is downright terrified of them. Even songs that mention the word bear get her nervous. I have tried in earnest to explain that bears don’t live in Florida and that she has no need to worry. […]
One of my favorite all time movie scenes involved Christopher Walken and Dennis Hopper in the film True Romance. The dialogue between Walken, the mob lawyer, and Hopper, the soon to bedead ex-cop, was priceless. While researching and reporting on the numerous instances of investment fraud, I often think of a statement made by Walken’s […]
In a case that would have garnered national attention if the company perpetrating the fraud wascalled Halliburton, Exxon Mobil, Lockheed Martin or Wall-mart…Morgan Stanley will pay $12.5 million to settle a regulator’s charges that it repeatedly failed to provide incriminating e-mails, and lied when they claimed they were lost during the September 11, 2001 terrorist […]
The first thing that came to my mind when finding out about this latest hedge fund scandal was the fact that I have discovered either the plotline for the latest Rob Schneider film or the sequel to Eyes Wide Shut. I could not make this stuff up if I wanted to. Who needs the Hollywood […]
In a deal worthy of comparison to the United Nations Iraq oil for food scam due to its moxie and effectiveness, I give you the Big Brokerage Money for Nothing Scandal. This has nothing to do with Dire Straits, Sting or early MTV videos (before they turned into soft-core porn). This has to do with […]
People need to be aware that there is steep tax liabilities associated with taking money out of your retirement accounts. The majority of the people that take distributions from their retirement accounts could have avoided these additional liabilities if they only asked before acting. We all know that there are circumstances that are beyond our […]