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14 Jan

Now Main Street Knows how Bear’s Jeff Verschleiser made Millions off Cheating Others

One of the central bad actors in my reporting on the alleged fraud machine Bear Stearns mortgage department was running made headlines this weekend for spending an absurd amount of greenbacks to promote his daughter’s coming of age. Jeff Verschleiser, age 43, and his wife Amy, age 41, went and bought out a popular Aspen […]

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4 Jan

DealFlow Reporting Warned Early on Life Partners Possible Fraud

UPDATE 3-14-14: Life Partners is on a media campaign writing financial journalist boasting news that a Texas federal judge reversed a jury verdict of one court of fraud against Brian Pardo and his life settlements company. In February the SEC won on 4 of the 12 counts they brought against Pardo and Life Partners for […]

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29 Dec

Barclays Accused of Criminal fraud for Golden Key in Geneva

A criminal complaint has been filed against Barclays in Geneva, Switzerland this week for its role in a $1.4 billion structured investment vehicle (SIV) called Golden Key. The Barclays arranged and structured SIV blew up in spectacular fashion in 2007 and a French asset management firm, Oddo, tried to sue the British bank for fraud […]

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22 Dec

SEC Gets Spongetech fraudster to pay $1.3 million

The SEC scored its first victory in their case against the penny stock scam at Spongetech. Last spring Greenwich radio station owner (WGCH) Michael Metter and his pal from Queens, Steven Moskowitz, were arrested at their homes by the FBI for interfering in a SEC investigation and slew of investor fraud claims. The SEC sued […]

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21 Dec

Analyst says: JP Morgan could be in worse shape than Bank of America

Investors who bought billions of residential mortgage securities from Bear Stearns have woken up to the fraud machine I’ve been reporting on at Bear and EMC all year. On Friday, a Texas legal firm made famous for negotiating an $8.5 billion settlement with Bank of America for rmbs investors, made a similar move on JP […]

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12 Dec

Why the SEC thinks Falcone was involved with Market Manipulation

The SEC has a bulls eye on Phil Falcone’s Harbinger Capital. On Friday the famed billionaire hedgie was forced to write investors explaining his publically traded Harbinger Group Inc is subject to a Wells Notice. This means the Securities and Exchange Commission, its regulator, has launched an official investigation into how the firm might have […]

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9 Dec

Jefferies Bond Trader Claims MF Global Lied to get Bonds Issued

While we wait for an army of MF Global’s regulators to figure out how and who transferred trading clients’ money into the firm’s house accounts there is another issue that needs equal scrutiny. How did international brokerage house Jefferies convince institutional investors to buy over $600 million of secured and unsecured MF Global corporate debt […]

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5 Dec

Ribotsky out at NIR Group is Only a Rumor

There is a rumor floating around on investorshub that NIR Group founder Corey Ribotsky has resigned from the company. I looked into this on Friday and did not find any evidence to support it. The corporate filings with New York Secretary of State for NIR Group Asset Management still list Ribotsky as the controlling person […]

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