by Steven Weisman, Esq. | Apr 24, 2022 | Scam of the day
Recently the Securities and Exchange Commission (SEC) sued David W. Schamens for operating a Ponzi scheme. According to the SEC, Schamens told his victims that he would invest their funds in a pooled investment vehicle that would invest in pre-selected stocks...
by Steven Weisman, Esq. | Aug 31, 2014 | Scam of the day, Site Related
It is interesting to note that when it comes to investment scams, sophisticated investors are often the victims. This was true in the Ponzi investment scam of Bernie Madoff and it was true of the investment scam of recently convicted David Rose. Rose specialized in...
by Steven Weisman, Esq. | Jan 18, 2014 | Scam of the day, Site Related
Convicted Ponzi schemer Bernie Madoff who stole 50 billion dollars from unsuspecting victims may be the last person from whom you would accept investing advice, but in fact, his advice, as contained in a recent jailhouse interview Madoff gave to the Wall Street...
