“A fraudulent investing scam promising high rates of return with little risk to investors. The Ponzi scheme generates returns for older investors by acquiring new investors.”
Dogbert's International Bank
Cartoon.
Dogbert’s International Bank
Cartoon.
Salmon and Taleb on the Investment Biz
This is a tough one.
Stars Wars Spaghetti Western Posters
Art.
Two Clips from Fast Money Halftime
Video.
The Scams are Getting Dumber and So Are You
Sorry, how else to explain why this redneck with a one-year-old website was able to launch a $600 million ponzi scheme?
Hot Links: Ponzi Coach
Your morning financial links, expertly curated.
Steak Jamz!
Video.
Facebook Valuation Erases Two Years of Gains
You have to remember that what everyone is calling the Facebook IPO from May was actually a secondary. The IPO took place in oak-paneled conference rooms here in NY and at Peet’s Coffee & Tea out in Menlo Park or whatever. Russian moguls, Goldman Sachs, other venture firms all had a crack at the real…
