Silver as an investment

Category Archives: Fraud

Pentagon Admits Billions In US Funds Disappeared in Afghanistan To “Fraud, Waste And Abuse”

This report was originally published by Tyler Durden at Zero Hedge A new report from the Department of Defense Office of Inspector General (DoD IG) exposes even more fraud, waste and/or corruption in America’s ongoing war in Afghanistan. This latest report reveals that more than $3.1 billion of U.S. taxpayer funds provided to the Afghan Armed Forces […]

One Chart Explains What Bernie Madoff And Kentucky Public Pensions Have In Common

If Bernie Madoff taught us anything it’s that every successful ponzi scheme requires precisely one critical component to keep it afloat: a steady stream of fresh capital to fund redemptions.  Absent that key component, even the most carefully crafted ponzi, with the best, most creative accounting fabrications in the world, will inevitably fail from a […]

Which States Have The Most Mortgage Fraud

In a recent blog post by CoreLogic, the real estate consultancy has determined the regions of the U.S. that have the highest correlation with the National Mortgage Fraud Risk index.  The regions that are most highly correlated with fraud risk are areas that will be the best predictors of nationwide mortgage fraud.  In fact, one […]

“This Is A Full-Blown Scandal: It’s Unbelievable, Outrageous” – Comptroller Demands Heads Roll At Wells

Wells Fargo is in boiling hot water. Again. One day after the NYT reported the latest major scandal involving Warren Buffett’s favorite bank, in which the bank was busted less than a year after its miss-selling fraud cost the former CEO his job, revealing that the bank charged some 800,000 customers for auto insurance they […]

Law Firms Are Making a Killing Off Madoff Victims’ Recovery Funds

We all are familiar with the $64b in lost capital by Madoff, which was the worst ponzi scheme loss in history. But did you know that only $17.5b in principal was lost? Of that principal, most of it has been recovered — $9 through Picard and another $4b through Breeden. I am not here to […]

Ponzi Scheme: What The Chicago Teachers’ Pension Would Be Called If It Were A Hedge Fund

A long, long time ago, back in 2008 when most of today’s hedge fund analysts were still stressing over what to wear to prom, a man named Bernard Madoff was arrested for bilking unsuspecting investors out of $65 billion.  Madoff ran what is traditionally referred to as a ponzi scheme in which new investments were […]

Timeshare Fraud – the hot new securities fraud

Every now and again we at Elite E Services stumble upon business models in the course of our operation that are sometimes interesting but alarming at the same time – in this case, timeshare fraud.  After having our head held under water by combination of ugly circumstances (tough regulation making business impossible but at the […]

For Sale On The Dark Web: Your Tax Refund And Social Security Number

After death, and taxes, we can now add a third 'certainty' to life – identity theft. Amid the business of tax season, it's not just accountants that are toiling hard to collect their fees. As Bloomberg reports, tax season is hog heaven for cybercriminals. The thought of all that personal data just sitting around, unmolested […]

Famous Twitter “Trader” Arrested For Stealing $1.5 Million, Running A Ponzi

With nearly 64 thousand followers, the name Randall Rye will likely be familiar to those who follow finance Twitter: Having built up the substantial following since joining August 2011, the famous Randalph “Randy” Rye unexpectedly stopped tweeting just after the new year, with his last tweet hitting on January 5. 6.8668 Yuan fix vs 6.9307 […]

Oh By the Way… Trump Won Wisconsin AGAIN in Recount: “Net 162 Votes” More

This article was written by Tyler Durden and originally published at Zero Hedge. Editor’s Comment: So, that plan didn’t work. But are they done trying to stop the Trump presidency? Of course not. There is currently an effort underway to indoctrinate electors from the electoral college an intelligence briefing claiming that Russia interfered with the […]