Might Just Be A Stockbroker’s 3270 And That Could Mean You Get Your Money Back. We have seen a rise in PONZI schemes since the market dropped, but will they keep going with a strong market? A PONZI scheme is essentially when a con man robs Peter to pay Paul…
Deep Behind the Pine Curtain In Uncertain, Texas, a once favored son from Tyler, Texas, Richie McFarland’s luck has run out. Last week, Richie pleaded guilty to mail fraud before U.S. District Judge T. John Ward, and was sentenced to 8 years and 1 month in the federal system, plus…
Do brokerage firms knowingly turn a blind eye and a deaf ear to the Ponzi schemes recommended by their brokers, or are there instances where brokers really are successful in hiding these schemes from even the most vigilant financial firms? Not surprisingly, the answer is “yes” to both questions. However,…