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The $100 Million Fraud Started By A Teenager
Friday, April 25, 2014 - 9:40am | 721Read More...When most imagine a stock market scammer, they usually picture a middle aged man who wears an expensive business suit. But, not all stock market scammers fit that profile. The very fact that securities fraud has an image may make it easier for those who do not fit the stereotype to pull off scams...
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Barry Minkow Pleads Guilty To Insider Trading Scam Against Lennar (LEN)
Wednesday, March 16, 2011 - 7:59am | 353Read More...Barry Minkow, the "reformed" Los Angeles con man, has struck a deal with federal prosecutors to plead guilty to insider trading for actions that crushed shares of Lennar (NYSE: LEN) a couple of years ago. Minkow is notoriously known for running a Ponzi scheme in the mid 1980s and bilked...
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Can Anyone Argue In Favor Of IOC CEO Phil Mulacek In The Face Of New Evidence?
Wednesday, March 31, 2010 - 9:54am | 355Read More...According to The iBusiness Reporting, the litigation faced by InterOil (NYSE: IOC) CEO Phil Mulacek is threatening the company’s financial health. Barry Minkow, cofounder of the Fraud Discovery Institute, has revealed the following after going through the court documents: IOC’s former CEO had...
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Court Rules That Mulacek Filed Federal Bankruptcy In “Bad Faith”
Friday, March 26, 2010 - 1:30pm | 291Read More...An article by iBusiness Reporting (which is funded by Barry Minkow’s Fraud Discovery Institute) quoted court documents filed in Houston as saying that Nikiski Partners, a company controlled by Phil Mulacek, chief executive officer of InterOil Corp (NYSE: IOC), had filed a "bad-faith" federal...
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Medifast Shares Lost Value Due to Fraud Allegations (MED)
Friday, January 15, 2010 - 11:42am | 278Read More...Medifast Inc’s, (NYSE: MED) stock has dropped to nearly a third of its value during January because of a fraud allegation against the company. Barry Minkow and his Fraud Discovery Institute have alleged that Medifast’s subsidiary “Take Shape for Life” was operating a “pyramid scheme.” Pyramid...
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Citi (C) To Cap Cash Bonuses
Friday, January 15, 2010 - 9:50am | 140Read More...The Financial Times reports that Citigroup (NYSE: C) is set to limit cash bonuses for its bankers to below $100,000. The move is aimed at pacifying an irate public which hasn’t exactly seen eye-to-eye with Wall Street on extravagant bonus payouts. However, a cap could also make it that much more...
