Murder suspect, YMCA vandal top police blotter Highline Times A resident of the 3600 block of 180th Street reported that she was the victim of a check fraud and mail scam. She believed the scam letter, …

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Murder suspect, YMCA vandal top police blotter – Highline Times

Film Threat THE OTHER GUYS Film Threat The plot has Ferrell's character stumbling onto a Bernie Madoff-level investment scam on the part of a Wall Street hustler (Steve Coogan) after Gamble … and more

Oak Hill Gazette Standing up to Wall Street Oak Hill Gazette The AARP says that this offers 'new tools to combat investment scams targeted at older adults' and hold[s] scam artists accountable. … and more

PR Web (press release) Before You Buy Into An Investment Opportunity, Or Real Estate Deal Use The … PR Web (press release) The Wall Street Fraud Watchdog is warning all high net worth US investors to be on the look out for investment opportunity scams , too good to be true real … and more

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Scams and Scandal Shadow Expo Wall Street Journal (blog) Aerodium, the company behind the Latvian pavilion's “vertical wind tunnel,” is accusing the Latvian Investment and Development Agency, or LIDA, … and more

Tonight, a bill to extend federal unemployment insurance benefits for the long-term unemployed failed in the Senate, 58 to 38. The vote was technically only one short of 60; Senate Majority Leader Harry Reid (D-Nev.) voted no for procedural reasons. Republican Sens. Olympia Snowe and Susan Collins of Maine voted for cloture on the $34 billion bill, which was not offset and therefore increased the deficit. But Sen. Scott Brown (R-Mass.) refused to cross the aisle. Sen. Ben Nelson (D-Neb.) voted with the Republicans. Without Sen. Robert Byrd’s vote — the 92-year-old veteran of the Senate passed away earlier this week — Senate Democrats found themselves one vote short. Reid says the Senate will vote on the bill as soon as Byrd’s replacement is in place. He offered this statement after the failed cloture vote: These are difficult days for thousands of Nevadans and millions of Americans who have lost their jobs through no fault of their own, and there are few words that can comfort these workers who go to sleep every night worried about their economic uncertainty.  That’s why Democrats tried again tonight to extend unemployment benefits that workers and their families depend on as a lifeline while they continue to look for work. It is beyond disappointing that Republicans continue to stand almost lockstep against assistance for out-of-work Americans — especially since many of these same Republicans spent months protecting Wall Street and preserving tax cuts for CEOs who ship American jobs overseas. We will vote on this measure again once there is a replacement named for the late Senator Byrd.  In the meantime, I sincerely hope that Republicans will finally listen to the millions of unemployed Americans who need this assistance to support their families in these tough times. These Americans and millions more demand that Republicans stop filibustering support for unemployed workers. By the time Byrd’s replacement is in place, in mid-July, 2 million Americans will have lost their benefits. The bill extending them will have languished in the Senate for something like 11 weeks.

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Unemployment Extension Fails – Again – in the Senate

Text Of Dodd-Frank Wall Street Reform And Consumer Protection Act Wall Street Journal Volcker Rule: Requires regulators implement regulations for banks, their affiliates and holding companies, to prohibit proprietary trading, investment in … and more

Earlier today, I participated in a reporters’ call with Sens. Debbie Stabenow (D-Mich.) and Sherrod Brown (D-Ohio), regarding the collapse of the jobs bill , also known as the extenders package or H.R. 4213, yesterday. They lashed out at Republicans and made the case for the stimulative effect of unemployment insurance — also accusing Republicans of cynically starting to worry about deficits they caused in the midst of an unemployment crisis. Here is a flash transcript of some of the remarks: Stabenow on what the collapse of the bill means: People who lost their job through no fault of their own [got] caught up in this economic crisis. We didn’t even get one Republican colleague to join us to stop the filibuster. What we saw instead was them standing with the oil companies and the corporations shipping jobs overseas and wealthy investors. [This was] very much like the fight on Wall Street reform, where we saw them standing with those who wanted to block any changes. And, it’s very much what we’ve seen from them all the time in the Senate. We’re at 244 objections now, 244 efforts to block us from moving forward. It’s unheard of, absolutely unheard of. We’ve never seen the kind of obstruction that we see now. People who lost their jobs are being caught up in this, and used as political pawns in a partisan battle about an election. Brown on who the collapse of the jobs bill has hurt: These are people who, if they lose their insurance, if they don’t get unemployment insurance, they’re more likely to lose their health care. They’re more likely to lose their home … Most Senators voting against [the bill] do not personally know people who have lost their jobs, lost their health care, lost their homes … Some Senators think unemployment is welfare. It’s called unemployment insurance, not unemployment welfare. You pay in when you’re working, to help you when you are not. Brown on Republican hypocrisy: [Republicans] voted for tax breaks [and] two wars without paying for them … now that it’s unemployment, now that it’s middle-class workers that need help with unemployment compensation or to keep their health insurance, then all of a sudden they’ve got budget religion, then everything is about cutting government spending. Brown on the impact of unemployment insurance: We want to extend these benefits. And we want to extend them clearly because it is good economics … [Sen. John McCain’s (R-Ariz.) own] economic adviser argued that unemployment compensation has the best stimulative effect in terms of the multiplier effect. We’re all concerned about the national debt. Sen. Stabenow and I have been concerned about it for a decade and a half. And that’s why, when [President Bush took office], we had left it with a budget surplus. When I hear Republicans talk about the budget deficit — after the war, tax cuts, Medicare, insurance company bailouts — they caused it. It appears a bit hypocritical. I’m interested in dealing with the deficit, but at this stage in the recovery, we can’t. Stabenow on the relationship between unemployment and the deficit: We’re never going to get out of the deficit if 15 million people are out of a job. Stabenow on governors needing federal aid for states: There is a group of governors coming in on Monday. It’s my hope that we’ll see the Republican governors talking with us stand up and join, so it’s a bipartisan effort [to push for funding for states]. We received a letter prior to the vote from 47 governors, Republican and Democrat, asking us to pass this critical state funding. What’s [going to be] most helpful to us is to have the Republican governors talking to their Republican colleagues.

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Stabenow, Brown Lash Out at Republicans for Killing Jobs Bill

Enron's Jailed CEO to Run for US President Sovereign Society Wall Street is wise to this scam . That's why they're secretly shorting the most dangerous “safe” investment in the world… municipal bonds… while eagerly … and more

15 indicted in mortgage scam cases TheDay.com (blog) … Street Investment Group, and Jane Soulliere, 43, and Angel Urena, 23, who prosecutors said recruited buyers and acted as buyers in the mortgage scam , … and more

Kansas City Star SEC Alleges $1.5 Billion Mortgage Lending Scam Courthouse News Service Farkas falsely reported the loans and securities as high-quality, liquid assets, and also touted a bogus equity investment to Colonial Bank, … US Prosecutors Charge Lee Farkas With 16 Counts Of Fraud Wall Street Journal all 377 news articles

13 People Indicted In $12M 'Boiler Room' Fraud Scheme Wall Street Journal In a boiler room scam , brokers typically use high-pressure sales tactics, usually by telephone, to induce potential clients to invest. … US Charges 13 in 'Boiler Room' Stock Operation BusinessWeek all 12 news articles

This morning, another round of jobless benefits expired, with Congress away and hope of the approval of a new tier diminishing. And Sara Murray of The Wall Street Journal highlights one of the worst facets of the unemployment crisis: Nearly half of the unemployed — 45.9 percent, or 7 million people — have been out of work for more than six months, the highest proportion since the Labor Department started tracking the statistic in 1948. For every day a person is out of work, not only does he and his family suffer from the effects of lost income, but the chances of his finding work diminish. And, unusually in this recession, long-term employment has not just hit retirement-age or very young workers, but every demographic class. The number of long-term unemployed persons poses a serious policy problem now, though one Congress seems to have answered: It will not extend unemployment benefits any longer than 99 weeks in some states, but will likely continue funding extended unemployment benefits as stimulus. But the issue will also pose a serious policy problem in the future: What will Congress do if, five years from now, with the recovery well underway, there remain millions of people who simply cannot find work? Job retraining programs and hiring incentives present one partial solution, but if Congress continues to tighten the nation’s fiscal belt, such expensive programs might not be politically feasible.

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Long-Term Unemployment at Highest Recorded Rate

To discourage businesses from outsourcing their operator services, Sen. Charles Schumer (D-N.Y.) is proposing legislation to tax businesses that set up help lines overseas. The levy, under Schumer’s bill, would be a quarter-cent per call. Reuters reports : Customers calling 800 numbers are often transferred overseas, and in such cases the bill would mandate that callers be told where their calls were rerouted. Companies would also be required to certify to the Federal Trade Commission annually that they were complying with the requirement, and face penalties if they did not certify. “This bill will not only serve to maintain call center jobs currently in the United States, but also provide a reason for companies that have already outsourced jobs to bring them back,” Schumer said in statement. And that might be true, but don’t expect the investor class to jump on board. (And don’t expect Wall Street, which Schumer represents, to be pleased either.)

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Schumer Wants to Tax Businesses Using Overseas Call Centers

Avoid being cleaned out by oil-spill investment scams TheNewsTribune.com … at investors who may be presented with “ scams promising financial gains from investments in companies that claim to be involved in cleanup operations. … WEEKEND INVESTOR Wall Street Journal all 8 news articles

Madoff Investors Overseas Reach Pact, Lawyer Says Wall Street Journal Madrid lawyer Javier Cremades said at a news conference on Tuesday that an “alliance” of about 60 law firms representing victims of the Madoff fraud in … and more

Times Online Parents stepped in after alleged Harvard scammer applied to Yale World Report Now (blog) enjoy these most recent harvard scam headlines and other harvard scam info. Check back often for more of the latest stories on harvard scam . … Trust-based admissions process leaves elite colleges open to fraud Boston Globe A Candidate for Wall Street, Fake Havard Student? E Canada Now $5K Bail For Alleged Harvard Scam Artist WBZ TPMCafé (blog) all 977 news articles

Washington Post Trust-based admissions process leaves elite colleges open to fraud Boston Globe “We did note that some things in the application didn't seem entirely to add up, and when we have that instinct, we will call a school to simply check a few … A Candidate for Wall Street, Fake Havard Student? E Canada Now $5K Bail For Alleged Harvard Scam Artist WBZ Horatio Alger 2010 TPMCafé (blog) all 872 news articles

Go Short on Successful Prosecution of Wall Street: Ann Woolner BusinessWeek What they have to show is an outright scam in which investors were bamboozled. It would help if the traders enriched themselves while cheating their clients … and more

Myths of Wall Street, the Sequel: Fat Finger Fandango Huffington Post (blog) … guidance from trained investment consultants” run the other way with your hand on your wallet. You're nothing but a mark in the world's greatest scam . …

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Myths of Wall Street, the Sequel: Fat Finger Fandango – Huffington Post (blog)

istockAnalyst.com (press release) Medical Capital Fraud : How Did It Happen? istockAnalyst.com (press release) As reported in a March 27, 2010, article in the Wall Street Journal, the former schoolteacher made the investment on the recommendation of the broker/dealer … and more

The Near 1000 Point Slide of the DJIA Compels Further Investigation of the … Benzinga So this is how the Wall Street Casino Scam operates. The ratings agencies like Moodys and Standard and Poors are the pretty cocktail waitresses that lure … and more

Globe and Mail Wall Street Grins as Washington Fiddles truthout According to fraud cops at the Securities and Exchange Commission, Abacus is a scam . Yet I find it an enormously useful tool, for it sheds light on a dirty … Bring Down Goldman Sachs and Expose the Financial Coup Center for Research on Globalization As Economy Cratered, Goldman Sachs Execs Boasted of Profits in E-mails ShortNews.com all 5,752 news articles

National Post Brown calls for action over Goldman Sachs ' fraud ' First Post The storm over allegations of fraud at investment bank Goldman Sachs shows no signs of abating, with the prospect of more legal action … Now we know the truth. The financial meltdown wasn't a mistake – it was a con The Guardian Casino Carnival Barker Jim Cramer Defends Goldman Sachs Prison Planet.com Goldman Fraud Suit Link to AIG Payouts? Firedoglake (blog) Wall Street Pit (blog)

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Telegraph.co.uk SEC vs. Goldman: Questions Remain Seeking Alpha (blog) John Taplin at TPMCafe called this “the greatest short scam of the last decade.” David Goldman (Seeking Alpha) says this opens Pandora's box for financial … Now we know the truth. The financial meltdown wasn't a mistake – it was a con The Guardian Casino Carnival Barker Jim Cramer Defends Goldman Sachs Prison Planet.com Goldman Fraud Suit Link to AIG Payouts? Firedoglake (blog) Wall Street Pit (blog)

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Get Ready to Take a Hike Wall Street Journal Moore: Look, Stuart, this is the biggest scandal and scam in America today in public finance, these outrageously generous pension plans for public employees … and more

Why hating Wall Street can hurt you Los Angeles Times It's all a scam . The little guy will just get fleeced. There's no hope.” This is a case of misdirected anger, or at least misdirected angst. … and more

Wall Street's new scam New York Post At issue is whether the big Wall Street firms colluded to create the illusion that they were offering competitive rates on certain investment contracts that … and more

AIG deals yield $567.2 mn in advisory fees; $51 bn in sales in Q1 help shape league tables; every major Wall Street bank gets a piece

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AIG’s near-collapse yields gold for Wall Street

Earthtimes (press release) DC home to most cyber-criminals WTOP The most costly crimes involved investment fraud , with $3200 as the median dollar loss. Men lost more to cyber-crooks than women overall, with the median … Cybercrime Complaints, Reported Losses Increase Wall Street Journal FBI: Internet crime climbed drastically in 2009 Savage Pacer 2009 a boom year for internet scams , cyber police say WalletPop (blog) Insurance Journal

Reuters Park Ave. bankster charged in TARP fund scam New York Post He's also charged with helping steal more than $100000 last year from a pair of pastors seeking investment income to build a new home for their Calvary … Ex-The Park Ave Bank Head Charged With Fraud Wall Street Journal all 367 news articles

FOXNews FBI: Internet crime climbed drastically in 2009 Savage Pacer Of the complaints involving financial harm that were referred to law enforcement, the highest median dollar losses were found among investment fraud ($3200) … 2009 a boom year for internet scams , cyber police say WalletPop (blog) Top 10 Internet Frauds and Top 10 States for Fraud Complaints Insurance Journal Cybercrime Complaints, Reported Losses Increase Wall Street Journal Register

Bigger Accounting Scam FOXBusiness (blog) When it comes to accounting scams on Wall Street, greed talks in dog whistles. Because everyone was doing it. Banks and investment firms including Citigroup … and more

FOXNews Cybercrime Complaints, Reported Losses Increase Wall Street Journal … to be from the FBI seeking personal and financial information, identity theft, credit-card fraud , online auction fraud , and job and investment scams . … Internet Crime Rises With Economic Downturn ABC News US Internet Crime Losses More Than Doubled In 2009 Investor’s Business Daily all 270 news articles

New York Daily News Bogus site targets Madoff victims, agency says Reuters … serving a 150-year prison sentence after pleading guilty a year ago to orchestrating Wall Street's biggest investment fraud of as much as $65 billion. … Madoff Victims Can Appeal Ruling on Paying Claims, Judge Says BusinessWeek SEC charges Madoff's director of operations with falsifying accounting records … Lexology (registration) all 214 news articles

The Last of the Golden Swindlers Wall Street Journal During the 1980s he set up shop in France, where he helped run a boiler-room stock scam in which telephone salesmen pitched largely worthless stocks to …

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The Last of the Golden Swindlers – Wall Street Journal

Purported 'Debt Collector' Pleads Guilty in Ponzi Case The Street Sweeper Robert Capehart, a Virginia-based real estate promoter, has pleaded guilty to mail fraud involving a $2.25 million investment scam , the Richmond … and more

Reuters Madoff whistleblower: 'No One Would Listen' msnbc.com … told me that the media was reporting that Bernie Madoff had confessed to his two sons that his multibillion-dollar investment firm was a complete fraud . … Whistleblower says he was prepared to murder Bernard Madoff Boston Herald Executive says he was ready to kill Madoff UPI.com Markopolos on SEC: “A Bunch of Idiots” Wall Street Pit (blog) all 17 news articles

Madoff Investors Suing SIPC Wall Street Pit (blog) … the directors and key officers of the Securities Investor Protection Corporation (SIPC) for what they allege is a massive investment insurance scam . … and more

Regulators Issue Fines for Alleged Penny Stock Fraud The Street Sweeper All told, prosecutors estimate, at least 95 US investors – holding accounts at nine different brokerage firms – fell victim to the investment scam . … and more

Evanston man falls victim to check scam Pioneer Press Online The man with the check convinced the victim to give him a ride to Main Street and Chicago Avenue, where they met up with a second person who was an apparent …

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Evanston man falls victim to check scam – Pioneer Press Online

The Grim Risks of Investing in Death Wall Street Journal “It's a high-risk investment that requires considerable sophistication.” One worrisome issue: fraud. Between January 2004 and July 2009, Conning says, … and more

Madoffs' gravy drain New York Post … accusing them of treating the family business like a “personal piggy bank,” while turning a blind eye to Wall Street's biggest investment scam . … and more

Grim Risks of Reaping Death's Rewards Wall Street Journal “It's a high-risk investment that requires considerable sophistication.” One worrisome issue: fraud. Between January 2004 and July 2009, Conning says, …

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Grim Risks of Reaping Death’s Rewards – Wall Street Journal

Congress Must Act to Protect Consumers and Prevent Risky Lending Huffington Post (blog) While many of these problems have come from Madoff-style Ponzi schemes orchestrated by scam artists, others have come from ostensibly reputable Wall Street …

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Congress Must Act to Protect Consumers and Prevent Risky Lending – Huffington Post (blog)

How to distinguish profit making hyip from fast turn scam ? Ecommerce Journal HYIP or high yield investment program does not involve in anything related to Wall Street investment , stocks, bonds and all other good things. …

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How to distinguish profit making hyip from fast turn scam? – Ecommerce Journal

As Wall Street prepares to dole out billions of dollars in 2009 bonuses, Sen. Charles Grassley (R-Iowa) has his eyes on one particular payment of $2.8 million. That’s the amount reportedly paid to Anastasia Kelly, AIG’s general council, who resigned abruptly on Dec. 30 rather than accept new pay limits imposed by Kenneth Feinberg, executive pay czar for the Wall Street bailout. (Other reports put Kelly’s windfall at $3.8 million). In a letter to Feinberg, Grassley, senior Republican on the Finance Committee, is wondering (1) why such a large payment should go to an employee at a company that would no longer exist without the government’s help, and (2) why severance payments would apply to someone who left the company on her own accord. Along with the details of the severance agreement, Grassley is asking for Kelly’s complete pay history while at AIG. Based upon the information that I have, it is unclear to me why Ms. Kelly’s voluntary resignation ought to entitle her to a multi-million dollar windfall from a severance agreement entered into by a company receiving so much federal taxpayer support.  At 2010 salary levels, $2.8 million in severance amounts to almost six years of pay.  $3.8 million in severance would amount to almost eight years of pay. Regardless of whether her severance is $2.8 million or $3.8 million, this raises serious questions about whether you believe the payment meets “appropriate standards for executive compensation” at a TARP recipient like AIG. That Ms. Kelly feels entitled to the cash even after AIG was bailed out to the tune of $182 billion goes a long way to explain the populist anger directed at Wall Street.

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Grassley Questions ‘Severance’ Pay to AIG Exec

The Body Scanner Scam Wall Street Journal Many individuals could also be included in the document examination plus random check category: frequent travelers who have multiyear travel records with …

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The Body Scanner Scam – Wall Street Journal