For a long time, South Florida has been a three-newspaper land. The Palm Beach Post, the Sun-Sentinel, and the Miami Herald all overlapped to some degree, giving this stranger-than-fiction region a little competition in the newspaper business. That sets us apart from the rest of the country, but it' ... More >>
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 >>
The Securities and Exchange Commission announced today that it has filed a complaint against two of the men who provided investors for Scott Rothstein's Ponzi scheme.The SEC says George Levin and Frank Preve helped Rothstein raise more than $157 million in his billion-dollar scheme by getting invest ... More >>
on University Drive is the mega-center for mega-sports. Upon entering
you're smacked by flat screens everywhere you look. I counted thirty,
got dizzy and gave
up (a hostess saw me struggling and informed me there are 70 ). Its
decor is clean combination of football fanatic frat boy ... More >>
The Maltese Falcon stands for something, and it's something you can't afford.Sometime this week, a giant, floating, three-masted metaphor will arrive in Port Everglades. Specifically, it's the Maltese Falcon, one of the world's largest and most expensive private boats. The 289-foot ship is every ... More >>
via www.jamesallen.comBernard Madoff, the Ponzi villain with Palm Beach roots in real estate and scorned investors, told the New York Times that banks and hedge funds handling his fortune turned a blind (an perhaps unlawful) eye to his criminal schemes. The Times article is based on a prison inte ... More >>
We've heard all about how the Centurion and Platinum hedge funds in New York sank hundreds of millions of dollars into Scott Rothstein's Ponzi scheme.
Fort Lauderdale attorney Bill Scherer is suing them, claiming they were privy to the fraud and now must cough up ... More >>
A 51-year-old Fort Lauderdale woman named Roomy Khan is prepared to testify against her former boss at Galleon, a $3 billion hedge fund ensnared in one of the nation's largest-ever insider trading cases.But Khan will be taking quite a bit of baggage to the witness stand.
Flickr: b_cuzzIf there was graffiti in Palm Beach, it would look like this.Do they still put you in jail for a Ponzi scheme of less than $25 million? Or is that the kind of crime that just gets you laughed out of a Palm Beach country club? Ask Tony Young, the investor who in Palm Beach was a next ... More >>