Word: scammers
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...Money, Bernie, and Me. Voyeurs won't be left wanting for dirt; the salacious tell-all chronicles their trysts in graphic, almost vengeful detail. Ironically, the 60-year-old Weinstein, who calls Madoff a "beast" and a "monster," has done more than anyone else to humanize the inscrutable investment scammer, painting him as an insecure man capable of tender courtship and dashing romance. Weinstein, whose family was forced to sell their home after being wiped out in Madoff's scam, spoke with TIME about the origins of the affair, how her family has reacted to the book and what...
...Facebook won't say how many accounts were compromised last week, but a rep notes that the site has never had a scammer hack more than a small fraction of its accounts, adding that the company's security team - which has more than 100 analysts, engineers and programmers - can handle whatever comes their way. "We're going to be attacked again in the future," says McGeehan, "and my role is to be prepared when it happens...
Creating the illusion of fantastic success, of course, is Chapter 1 in the Scammer's Handbook. But many among the most egregious alleged billionaire bamboozlers, like R. Allen Stanford and Bernie Madoff, are taking the art of thievery to the next level. Some don't even bother opening an investor account when new monies come in; they just go shopping. It's enough to make Gordon ("Greed is good") Gecko blush. (See 25 people to blame for the financial crisis...
...course, a non-violent willingness to hurt other people for your own enrichment describes every mortgage bundler or junk-bond scammer who's ever forged a balance sheet. What distinguishes the Ponzi artist is the sheer scale of the scam...
...There was even some karmic good news Thursday - the feds caught the alleged Emulex scammer after only six days. (Apparently he'd shorted the stock in legit trading and was down 100K, so he came up with the fake press release to cool...