• After Switzerland, U.S. Said to Aim at Hong Kong – You offshore money will be found. [DealBook]
• The Dilbert Guide to Angry Investing – [Idea of the Day/NYT]
• Alleged Ponzi Scheme Likely To Top $1 Billion, FBI Says – In the Ponzi du jour, Scott Rubenstein is accused of selling bogus legal settlements to investors. [WSJ]
• Roomy Khan Tipped Several People In Galleon Case – Diabolical. [Reuters via NYT]
Related Posts
Preliminary Analytics | 08.03.09
• UBS not to pay fine in U.S. tax settlement: reports Chocolate solves everything. [Reuters]
• Jobless graduate sues her college Worth a shot, no? [BBC]
• Goldman Sachs’ reputation tarnished – Being referred to as a “vampire squid on the face of humanity” certainly couldn’t have helped. [FT.com]
• HSBC, Barclays profits hit by surge in bad debt [Reuters]
• Bank Spy Scandal Widens – “A detective at the center of the Deutsche Bank AG spying affair says the international banking giant’s effort to monitor its critics was more extensive than previously disclosed in that it involved a plan to target as many as 20 people, including a number of investors.” We’re thinking that a spy scandal is probably the last thing the banking industry needed. [WSJ]
Preliminary Analytics | 12.29.09
• AP: Ponzi collapses nearly quadrupled in ’09 – Thimble-dick Bernie, Allen Stanford, Tom “Cocker Spaniel” Petters, all did their part. [via HuffPo]
• The First Annual Jr Deputy Accountant Year in Review Awards (or some h*t) – Somehow we ended up on this list and somehow JDA managed to make it a backhanded compliment (we think). [JDA]
• Koss financial records will get more scrutiny in 2010 – With comments from Tracy Coenen at Fraud Files. [Milwaukee Journal Sentinel]
• The Man Who Wired Silicon Valley – How Raj got the world by the short and curlies. [WSJ]
• GM Plans Pontiac Fire Sale – “GM sent letters to dealers Dec. 23 saying it would pay them $7,000 for every new Saturn or Pontiac on their lot that is moved to rental-vehicle or service-vehicle fleets operated by the dealers.” So yes, they’ll seem extra pushy. [WSJ]
• The Big Zero – As in the decade we’re finishing up. Prof. Krugman also quotes Diet Coke fiend Larry Summers stating that GAAP was the most important innovation in history and that it allows investors to make good decisions. According to PK, also a big zero. [Paul Krugman/NYT]
• Spurious academic study of the day, Tiger Woods edition – Ball-parking investors’ losses due to TW’s cheating ways is not so easy, nay, ridiculous. [Felix Salmon/Reuters]
Preliminary Analytics | 10.23.09
• Bernanke Calls for Action on Reform – Ben is kindly reminding everyone that maybe we should try to make some regulatory changes since, you know, the world almost ended. [WSJ]
• The pyramid principle – Small banks are not doing so hot. [The Economist]
• Critics: Executive Pay Cuts A Sop To Taxpayers – Campaigns are starting people, progress will have to wait. [NPR]
• Man Pleads Guilty To DWI In Motorized La-Z-Boy – Doing anything with a BAC of 0.29 is probably illegal. [AP via NPR]
• Bank claim that is out of this world – Dalton Chisholm has to present additional evidence today in order to give him a prayer at becoming the first ever billion-trillionaire. [BBC]