Word: funds
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...came knocking on Joseph Forte's door in Broomall, Pa., for allegedly scamming 80 investors out of $50 million. Forte had been selling false securities in limited partnerships since 1995. Forte's forte, the SEC says, was in reporting consistent annual returns of 18% to 37%. In actuality, the fund's only real consistency was in its losses. On Sept. 30, 2008, Forte said his fund was valued at $150 million, while the actual balance was about $147,000. Whoops! (See the worst business deals...
Funny thing is, CRE and Ossie did trade in currencies - they were just lousy at it. SEC documents show that in June 2008, CRE shifted $12 million from its Atlanta fund to Deutsche Bank in London. In short order, it lost $8 million in European currency trading. (See pictures of the global financial crisis...
...Robert Chew is a former investor with Madoff via a feeder fund. He lives in Colorado...
...year tenure, one could have qualified as a "green progressive" simply by asserting that climate change was real. In 2007, under these circumstances - perhaps because of them - was born an unlikely alliance between Duke Energy, a North Carolina-based utility that depends heavily on coal, and the Environmental Defense Fund, which together with 30 other green groups and major corporations, formed the U.S. Climate Action Partnership (USCAP...
...have to be sensitive to Bolivian anger and resentment about the past, however. This is hardly the first time, for example, that Bolivia's Potosi region has been eyed by the outside world for its natural riches. During the colonial era, silver from the area's prodigious mines helped fund the Spanish empire. But historically, all that wealth has left the local population, especially the indigenous, with little more than desperate poverty and early death by mining-related diseases like black lung. Another concern is the environmental impact; but lithium mining, as observed in countries with deposits like Chile, Argentina...