Corporate Fraud

Related Search

News Home News Blog Ask a Mexican Archives Search New Times Flipbook Weekly Newsletter Get Mobile

Calendar Home Top Picks Submit an Event Events Newsletter Get Mobile Entertainment Ads

Music Home Music Blog Concert Calendar Bars and Clubs Submit an Event Music Newsletter Get Mobile Music Ads

Restaurants Home Food Blog Find a Restaurant Menus Happy Hours Deals Dining Newsletter Get Mobile Restaurant Ads

Arts Home Theater Arts Newsletter Get Mobile Entertainment Ads

Film Home Showtimes Film Poll 2011 Film Festivals Film Newsletter Get Mobile Free Stuff

Best Of Home 2011 2010 2009 2008 Best Of Newsletter Get Mobile Best Of Ads

Promotions Home Promotional Events Street Team Free Stuff Promotions Newsletter Get Mobile Deals

Post an Ad Jobs Real Estate Advertiser Index Deals Deals Newsletter Virtual Job Fair

Blogs
May 23, 2012
Frank Preve Emailed Scott Rothstein: "I Can't Show Anyone That I Am a Complete Idiot"
This is one of those times when the documents speak for themselves; I could rewrite and paraphrase the claims made by the Securities and Exchange Commission, but that wouldn't be better for either of us.The short version of the story: The SEC says Fort Lauderdale-based hedge fund managers Georg ... More >>
Blogs
February 29, 2012
How Rothstein Says Banks Helped Run His Ponzi Scheme, Part 2: T.D. Bank
We wrote earlier today about the latest settlements going to investors in Scott Rothstein's $1.2 billion Ponzi scheme; investors were awarded $130 million and lawyers at least another $50 million from T.D. Bank and Gibraltar Bank & Trust Co. The previous post covered Rothstein's description o ... More >>
Blogs
February 20, 2012
George Elia Accused of Running Fort Lauderdale Ponzi Scheme
It's probably not a good sign that a $4 million lawsuit regarding an alleged Ponzi scheme seems like "only" $4 million.While the accusations against 68-year-old Fort Lauderdale real estate broker George Elia pale in comparison to Scott Rothstein's billion-plus Ponzi scheme, people definitely stil ... More >>
Blogs
January 3, 2012
Scott Rothstein Rebuffs Comparison to Bernie Madoff, Claims He Did "the Right Thing"
Here's something laughable -- Scott Rothstein vehemently denies being similar to fellow billion-dollar Ponzi schemer Bernie Madoff.Not only that, Rothstein claimed that he did "the right thing," unlike Madoff, and said Madoff should have taken what Rothstein did "as an example."On the ninth day o ... More >>
Blogs
December 22, 2011
Scott Rothstein Transcripts Released From Day One of Bankruptcy Deposition
Scott W. RothsteinPonzi mastermind Scott Rothstein sure seems to be talking quite a bit during his deposition in South Florida, as the first day of transcripts run over 350 pages.Rothstein spent most of the first day of his deposition -- December 12 -- explaining away how the Ponzi scheme wor ... More >>
Blogs
November 18, 2011
Broward Investment Manager Allegedly Sold $11 Million Worth of Imaginary Technology Stock
bnet.comJust like Jim Cramer doesn't have access to stock from Iron Man, John Mattera didn't have access to multiple things he was allegedly selling.As they say in South Florida: another day, another alleged multimillion-dollar scam.John Mattera, 50, was arrested at his Fort Lauderdale home yeste ... More >>
Blogs
September 2, 2011
Scott Rothstein Saga: Howard Kusnick Gets Two Years Up the River
Howard Kusnick (left).Howard Kusnick -- a former lawyer at Scott Rothstein's now-defunct law firm and associate to his $1.2 billion Ponzi scheme -- was sentenced today to two years in federal prison.Kusnick is now the second person in the current round of Rothstein-related indictments to receive ... More >>
Blogs
July 27, 2011
Scott Rothstein Saga: TD Bank Accused of Being Complicit in Ponzi Scheme
Herbert Stettin, the Chapter 11 trustee for victims of Scott Rothstein's $1.2 billion Ponzi scheme, has filed a lawsuit against TD Bank, alleging it was at fault for allowing Rothstein and his Ponzi pals to continue to rip off his investors.As you may recall, Rothstein's computer nerds for his no ... More >>
Blogs
June 15, 2011
Scott Rothstein Goon Howard Kusnick Enters Guilty Plea
Howard Kusnick (left)Howard Kusnick, a former lawyer at Scott Rothstein's now-defunct law firm, pleaded guilty yesterday to a single count of conspiracy to commit wire fraud.Kusnick, a 58-year-old Tamarac resident, is accused of defrauding two clients of the Rothstein Rosenfeldt Adler law firm b ... More >>
Blogs
June 13, 2011
Scott Rothstein's Buddy "Meatballs" Applies to Be Fort Lauderdale Cop
jiajem.comThis is Meatwad, not Meatballs.Officer Meatballs, Fort Lauderdale P.D. -- it has a certain ring to it.It could be a reality if former Kim Rothstein bodyguard, Scott Rothstein client, and 'roided-up former cop Joe "Meatballs" Alu gets his way.A Fort Lauderdale police spokesman confirmed ... More >>
Blogs
June 9, 2011
Scott Rothstein Saga: Federal Prosecutors File Motion To Reduce 50-Year Prison Sentence
Scott Rothstein: Looking for his get-out-of-jail-free cardIt turns out Fort Lauderdale's king Ponzi schemer Scott Rothstein won't rot away in prison for 50 years after all.Assistant U.S. Attorney Lawrence LaVecchio filed a motion today to reduce Rothstein's prison sentence, although how much ... More >>
Blogs
June 7, 2011
Scott Rothstein Saga: Four Alleged Co-Conspirators Set Dates For Guilty Pleas
csmonitor.comScott RothsteinThe four men indicted late last month as being conspirators in former Fort Lauderdale lawyer Scott Rothstein's $1.2 billion Ponzi scheme are scheduled to enter guilty pleas, according to the Associated Press.The men, Howard Kusnick, 58, of Tamarac, Stephen Caputi, 53, ... More >>
Blogs
June 6, 2011
How Much Would You Pay For Bernie Madoff's Underwear?
Boxers or briefs, sir?Some lucky bidder paid $200 for 14 pairs of Bernie Madoff's boxers at a government auction this weekend at the Miami Beach Convention Center. The undies were confiscated from the Ponzi schemer's Palm Beach mansion and sold by the U.S. Marshals Service, along with his prescri ... More >>
Blogs
May 27, 2011
Scott Rothstein Saga Continues: Four More Charged in $1.4 Billion Ponzi Scheme
csmonitor.comIt sucks (now) to be friends with Scott Rothstein.Former Fort Lauderdale lawyer and Ponzi schemer extraordinaire Scott Rothstein is almost a year into rotting away in his 50-year prison sentence, and now four more of his old pals have a chance of joining him in the joint for a few ye ... More >>
Blogs
March 1, 2011
Bernie Madoff Talks Again, Revealing His Inner Life to New York Magazine
Bernard Madoff talks to New York Magazine.Bernard Madoff is not a sociopath and the U.S. government is a large Ponzi scheme, according to Bernard Madoff -- in New York Magazine. That's circular attribution, a nod to the business mastermind's years of roundabout manipulations. The infamous schemer ... More >>
Blogs
February 12, 2011
Spring Break for Wall Street to Descend on South Florida
Looks like South Florida's spring break this year isn't going to be just where the boys are. Fort Lauderdale will also be the locale for some bonds gone wild with the top guns of Wall Street. LDV Capital Management will party with its own series of weeklong celebrations at its fourth G ... More >>
News
December 16, 2010
Nevin Shapiro Is the Caligula of South Florida's Ponzi Empire
Looks like South Florida's spring break this year isn't going to be just where the boys are. Fort Lauderdale will also be the locale for some bonds gone wild with the top guns of Wall Street. LDV Capital Management will party with its own series of weeklong celebrations at its fourth G ... More >>
Blogs
November 4, 2010
Fox Meets Henhouse
MC Model Citizen's Latest: Rick HeadroomSo Florida Governor-Elect Rick Scott named his transition team which was stocked with former Jeb Bush staffers, hardcore state Republicans, and even our own U.S. Sen. George "The Maestro" LeMieux. MainigiThe transition t ... More >>
Blogs
September 15, 2010
Uh-Oh, Now Burglars Are Striking at the Country Club
FlickrA bird's-eye view of the Palm-Aire golf course.Typically, country clubs don't need sophisticated security systems -- mainly because smash-and-grab thieves don't have the money to cultivate golf as a hobby, meaning there's nothing in the clubhouse worth stealing. Usually, the only theft on a ... More >>
Blogs
April 27, 2010
Billionaire Hedge Fund Manager Heads to Palm Beach to Distance Self From Bernie?
Flickr: BobSorosLet's hope Cohen was smart enough not to wear Bernie's hat and jacket combo to the golf course.We understand it's rough out there for successful hedge fund managers who don't want their clients thinking about Bernie Madoff. But Steven A. Cohen's "I'm not Bernie" parties need some ... More >>
Blogs
February 4, 2010
Stanford Employees in Fort Lauderdale Accused of Shredding Evidence of Massive Fraud
FlickrDid Allen Stanford's local employees try to cover up his crime?The first criminal trial in the Stanford Financial Group fraud is under way, and it ain't pretty for the local branch. In opening remarks of a trial that began Monday in Miami, prosecutors told the jury that Thomas Raffanello an ... More >>
Blogs
February 3, 2010
Morning Juice: Stage Fright at Sun Life; Broward Commissioners Give Voters No Choice on Courthouse
As the weather slowly warms for the big game, let's see what the local headlines have to say:Sun Life Stadium had a mighty scare last night when a stage collapsed during a Super Bowl rehearsal, injuring four people. Not exactly the publicity that the folks at Sun Life had in mind when they ponied ... More >>
Blogs
January 8, 2010
At Speech in West Palm Beach, Attorney General Eric Holder Touts Fraud Task Force
Flickr: MainJusticeEric HolderWhat better place to promote a new Justice Department task force against financial fraud than South Florida? Specifically, U.S. Attorney General Eric Holder gave his speech this afternoon at the Forum Club of the Palm Beaches, which staged a luncheon in his honor at ... More >>
Blogs
November 25, 2009
GlobeTel CEO Indicted
courtesy GlobeTelA couple of years ago, we ran a feature story about GlobeTel, a company that was supposedly going to deploy blimp-like satellites across the country and beam down internet signals. There were a few problems with the scheme: building hi-tech airships seemed a job more suited for b ... More >>
Calendar
November 5, 2009
More Money, More Drama
courtesy GlobeTelA couple of years ago, we ran a feature story about GlobeTel, a company that was supposedly going to deploy blimp-like satellites across the country and beam down internet signals. There were a few problems with the scheme: building hi-tech airships seemed a job more suited for b ... More >>
Blogs
November 3, 2009
Madoff Accountant Enters Guilty Plea; Questions Remain for Rothstein Money Manager
David Friehling, an accountant with South Florida roots, is going to follow Bernard Madoff into prison. The Miami native entered a guilty plea today to nine felony charges. Hilariously, Friehling maintains to this day that though he rubber-stamped Madoff audits and invested with Madoff, he didn't ... More >>
News
October 29, 2009
President Obama Fails to Go After Those Responsible for Financial Meltdown
David Friehling, an accountant with South Florida roots, is going to follow Bernard Madoff into prison. The Miami native entered a guilty plea today to nine felony charges. Hilariously, Friehling maintains to this day that though he rubber-stamped Madoff audits and invested with Madoff, he didn't ... More >>
Blogs
October 12, 2009
Accused Fraudster From Michigan Had Lauderdale Condo, Post-Madoff Success
Flickr: Christopher GosselinThe Nu River Landing, where McQueen and his wife own a condo -- at least until the government snatches it.If there's any truth to the government's allegations against David McQueen, holding on to his Fort Lauderdale condo would appear to be the least of his concerns. F ... More >>
Blogs
September 11, 2009
O Brother, How Dare Thou: Alleged Ponzi Scheme Sparks Sibling Rivalry
Flickr: Robert Couse-BakerCanada may have a better health-care system than the U.S., but when it comes time to punish a Ponzi schemer, our neighbors to the north look south with envy. Bertram Earl Jones, a Montreal financier, is that nation's version of Bernie Madoff. He stands accused of committ ... More >>
Blogs
August 13, 2009
With Plea by Former CFO, Dread Among Ponzi Schemers' South Florida Friends
miamiarchdiocese.orgKnighted by the Miami Archdiocese, Michael Bienes may have to duel with the government's new witness.Manhattan accountant Frank DiPascali confessed this week to his role in the Bernard Madoff Ponzi scheme, and he just might be the snitch that federal prosecutors have been wait ... More >>
Blogs
July 31, 2009
Fraud Expert From Fort Lauderdale Linked to Stanford Case
StanfordThomas Cash, who lives in Fort Lauderdale but who for years has been the chairman of Kroll, Inc., the risk consulting firm in Miami, resigned from that position last week amid allegations that he helped mislead investors who sustained losses in the alleged Ponzi scheme for which Allen Sta ... More >>
Blogs
July 29, 2009
Caged Heat: Alleged Ponzi Prince Trapped in Boca Firm's Texas Sweat Lodge
Photo: Caribbean CricketStanford: Texas ToastGEO Group and Stanford Group: two very rich businesses with offices in Boca Raton, which have both recently caught flak for acting unethically in their respective industries. Totally unrelated, except for one cruel twist of fate: Allen Stanford, awaiti ... More >>
Blogs
July 28, 2009
Doesn't Pay to Be Bernie's Buddy Anymore
Bad news for Madoff associates -- some of whom reside in Broward and Palm Beach Counties -- who were hoping Bernie would take his secrets to the grave. Hot from the AP wire:A lawyer for victims of Bernard Madoff's Ponzi scheme says the financier told him during a 4 1/2-hour prison interview plenty o ... More >>
Blogs
June 29, 2009
Your Money's No Good Here: Another Alleged Ponzi Fleecer Flees Palm Beach
Flickr User: mspdigipartiesTom Petters with his daughter JenniferHey, look another house just got sold on Ponzi Island! Sorry, I mean Palm Beach. Easy mistake, since alleged Ponzi schemer Tom Petters is a neighbor of convicted $67 billion Ponzi schemer Bernard Madoff, among other Island residents li ... More >>
Blogs
June 29, 2009
[Updated] Payday: Bernie Gets a Buck Fifty
U.S. Department of JusticeCareful trying your Ponzi act with inmates' cigarettes, Bern.It's the day that Bernard Madoff gets to pay for his $65 billion sin. If you had money to invest -- and here I'm assuming you're not one of his victims -- then would you invest it on a bet that today the convicted ... More >>
Blogs
June 12, 2009
For Next Federal Prosecutor, a Million-Dollar Question
For the new U.S. attorney, who will come from among the 16 names on this list, busting financial fraud will be the top priority in South Florida federal courts. And although those cases are endlessly complex, it's fairly simple to get an overview of the region's candidates for criminal prosecution: ... More >>
News
April 9, 2009
R. Allen Stanford's story tells how one eccentric billionaire can help bring the global economy to its knees
For the new U.S. attorney, who will come from among the 16 names on this list, busting financial fraud will be the top priority in South Florida federal courts. And although those cases are endlessly complex, it's fairly simple to get an overview of the region's candidates for criminal prosecution: ... More >>
Blogs
April 2, 2009
Feds Launch Surprise Seizure on Unsuspecting Madoff Yacht
A reenactment of U.S. Marshals taking control of Madoff's yacht.Federal authorities seized Bernie Madoff's yacht in Fort Lauderdale yesterday and then took control of the home his wife owns in Palm Beach. U.S. marshals described "using an element of surprise" to grab Madoff's property, but if you're ... More >>
Blogs
March 26, 2009
Luxury Mag in Boca Goes Belly Up; Writer Cries Foul
Howard NeedleA New York City-based freelance writer says he was stiffed out of $1,150 by Howard Needle, publisher of the now-defunct Cravings Palm Beach, a luxury goods magazine based in Boca Raton. Scott Rose says that he had a contract from Needle to be paid 50 cents per word and that he was asked ... More >>
Blogs
March 12, 2009
Madoff Plea Somehow Not Quite Enough
This morning, MSNBC interviewed one of the many, many victims of Bernard Madoff, who entered his guilty plea to 11 felony charges this morning so he can go to prison to die. The victim, Peter Moskowitz, asks a good question: Is Madoff being a good general, jumping on the proverbial grenade to save a ... More >>
Blogs
March 10, 2009
From the Penthouse to the Big House: Madoff to Plead Guilty
Palm Beach financier Bernard Madoff is expected to plead guilty and get a life sentence.Here's betting that Bernie's future fellow inmates are looking forward to performing a very literal rendition of what Madoff did figuratively to his investors.
Blogs
February 20, 2009
Anti-Semitic Schadenfreude in Palm Beach?
Rabbi Michael Resnick of Palm Beach's biggest synagogue, Temple Emanu-El, told a national TV news magazine that Bernard Madoff's fraud case has been a catalyst for wealthy anti-Semites in South Florida's most exclusive Zip Code. Resnick's interview looks to be the centerpiece in tonight's edition of ... More >>
Blogs
February 17, 2009
Local Financial Analyst Packages Stanford Case for SEC
As we reported on this blog Friday, speculation has been flying through the financial community that Stanford et al could be operating an enormous Ponzi scheme a la Bernie Madoff. Now it's official: The US Securities and Exchange Commission filed suit in Dallas Monday against Stanford ... More >>
Blogs
February 13, 2009
A Ponzi Scheme in Boca? Stanford Group Co. Won't Talk
Speculation is rampant in the financial press that R. Allen Stanford -- who Forbes magazine estimates to have a fortune of $2.2 billion, making him #205 on their list of wealthiest Americans -- is the next Bernie Madoff. Forbes says Stanford Financial Group has $51 billion in assets under ... More >>
Blogs
February 5, 2009
St. Thomas Aquinas High School, Monsignor On Madoff Victim List -- UPDATED
The full list of Bernie Madoff fraud victims has been released by the court and among them is St. Thomas Aquinas High, the football powerhouse private Catholic school in Fort Lauderdale. Listed as the representative for the St. Thomas account is Monsignor Vincent Kelly, who als ... More >>
Blogs
January 22, 2009
Morning Juice: Lauderdale Exports Panhandlers, Local Madoff Broker Fights The Man
If there's one thing you don't hear enough about, it's that Fort Lauderdale has the best panhandlers this side of Calcutta. I mean, Miami may have more guys with clever signs at busy intersections, but ours have that little aggressive something that makes them special, that lets you feel that feelin ... More >>
News
January 22, 2009
Madoff's Man
Fort Lauderdale multimillionaire Michael Bienes never cut ties with Bernie Madoff — even after the SEC shut him down.
Blogs
January 18, 2009
Bienes, Avellino, Madoff and The Church
Bienes Knighted By Catholic Church Well, the Sun-Sentinel, apparently in a panic over the New York Times beating it to the story, finally reported on the connection between Fort Lauderdale philanthropist Michael Bienes and his partner, Frank Avellino, to Bernie Madoff, the $50 billion Po ... More >>
Blogs
December 18, 2008
Madoff's Web Site Is A Snuff Film
Hey everybody. I've been away (in Jupiter. No, the planet!) and now I'm trying to find out how my $50 billion investment is going. Except the web site of my broker Bernie Madoff seems to be down. Something about a court-ordered liquidation? That doesn't sound good.Ha, ha, just kidding. I have far to ... More >>
Blogs
December 17, 2008
Fort Lauderdale Philanthropist Tied To Epic Swindler Madoff -- UPDATED
Michael Bienes doesn't make a lot of news and hasn't been involved much in local politics, but if you look around you'll see the tall and seemingly kindly Fort Lauderdale multi-millionaire's name all over the place. At Holy Cross Hospital, there's the Michael and Diann ... More >>
More >>

Browse Voice Nation

Blogs

Blogs

Blogs

Blogs

Blogs

Blogs

Blogs

Blogs

Blogs

Blogs

Blogs

Blogs

Blogs

Blogs

Blogs

Blogs

News

Blogs

Blogs

Blogs

Blogs

Blogs

Blogs

Blogs

Calendar

Blogs

News

Blogs

Blogs

Blogs

Blogs

Blogs

Blogs

Blogs

Blogs

Blogs

News

Blogs

Blogs

Blogs

Blogs

Blogs

Blogs

Blogs

Blogs

Blogs

News

Blogs

Blogs

Blogs

Most Popular Stories

for free stuff, news info & more!

Now Click This