Comrade Jones An advisor from Edward Jones admitted to AdvisorHUB that the firm was much like the Soviet Union in that they are in the business of pushing products and policies that benefit the General Partners first. “In reference to Jones being like the USSR. There is nothing going on at that firm that is […]
The column archives on my website is divided into four categories, the largest of which is Wall Street Fraud. I have written extensively about the nefarious conduct that is perpetrated all too often at the expense of the American investor. Our goal is ultimately to educate and warn people of whom they are dealing with […]
JANUARY 2014 Someone decided to do a special screening of the latest Martin Scorsese film the Wolf of Wall Streetdown in my old neighborhood behind the Goldman Sachs building in downtown New York City. The crowd attending the film was described as a “finance-heavy audience” with brokers, traders and investment bankers filling the seats. […]
I always get a kick out of the bull-excrement mission statements from the big investment firms… Our integrity and reputation depend on our ability to do the right thing, even when it’s not the easy thing. J.P. Morgan Chase No financial incentive or opportunity regardless of the bottom line justifies a departure from our values. […]
NOVEMBER 2012 Marcellus Wallace, a character from the film Pulp Fiction, made in my opinion an excellent suggestion in dealing with a sadistic rapist. He said to get “medieval” on him. With most of the Wall Street con artists continuing to do no hard time, I decided to see what justice meant for financial […]
MARCH 2012 The list is long and growing. There’s the “Amish Bernie Madoff”, accused of bilking residents of quiet Amish and Mennonite towns in Ohio. There’s Raj Rajaratnam, former hedge fund manager, now a convicted criminal for insider trading. Then there’s Marc Drier, a once prominent lawyer, convicted of defrauding hedge funds, investors and clients […]
NOVEMBER 2011 A recent study by the Swiss research University of St. Gallen seems to have scientifically proven what readers of our newsletter and listeners of the Watchdog on Wall Street Radio Show have been privy to for years. The University found that the behavior of stockbrokers’ tops that of psychopaths when it comes to […]
OCTOBER 2011 I have been pointing out the painfully obvious and the all too often ignored truth about Wall Street and how it operates for some time now. It has been my contention that white-collar crime in this arena does pay. Almost every major scandal that has been exposed over the past fifteen years, has […]
Sticking It To The Taxpayer The U.S. Attorneys office has sued Deutsche Bank for tricking a government insurance program into backing mortgage loans that carried much more risk than the firm let on. Most of the loans have been defaulted on, costing “We the People” $400 million. If you think Deutsche Bank was alone in […]
Back by popular demand…I give you our latest edition of the Fraud Files. This is a very small sampling of the scams that we encounter on a daily basis. Target Your Fellow Churchgoers. Tom Matkin, a lawyer and stake holder in the Church of Latter day Saints complained to authorities about what he suspected to […]