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. | May 16, 2014 | Scam of the day, Site Related
Richard Breeden, the special master administering the claims of the victims of convicted Ponzi schemer Bernie Madoff who stole 50 billion dollars from his victims has recently indicated that the number of claimants has risen to 51,700 seeking redress from the 4...
by Steven Weisman, Esq. | May 4, 2014 | Scam of the day, Site Related
Congressional hearings last week highlighted the problem of scam artists fraudulently selling gold and other precious metals to people, many of them elderly. Often these scams start with a telemarketing call to the victim in which he or she is told...
by Steven Weisman, Esq. | Mar 3, 2014 | Scam of the day, Site Related
Happy birthday to Charles Ponzi, the man credited with being the first to exploit the simple scam that has come to be known as a Ponzi scheme. Ponzi was born in 1882 which means had he not died in 1949, he would have been 132 years old today. To put this in...
by Steven Weisman, Esq. | Dec 11, 2013 | Scam of the day, Site Related
William Dean Chapman, the founder and owner of Alexander Capital Markets has just been sentenced to twelve years in prison for an investment scam that stole 36 million dollars from 122 investors including Florida Congressman Alan Grayson. According to the SEC,...
