Tow yards in Las Vegas are filled with the blackened hulls of Mercedes sedans and Cadillac Escalades. The wrecks were pulled from desert hills and city streets by the department’s eight-member auto-theft unit, which responds to calls around the clock. Over one weekend this month, Mr. Menzie investigated eight car fires in 36 hours.
“This is [...]
Category Archive for 'Fraud'
Rise, Taxpayer! Enough is Enough!
Posted in Bailout, Banks, Detroit, Finance, Fraud, Government, Politics on Jan 23rd, 2009
Thank heavens for the inauguration of President Obama. Were it not for that convenient joyous distraction, there might be taxpayer riots in the streets.
Or at least there should be.
The past week has revealed some remarkable shenanigans emanating from Wall Street, Washington and Detroit.
Business as usual, you might say. But these misdeeds are getting more and [...]
For Daniel Laikin, things have gone exactly as they would if Clark Griswold were running them. Maybe he should’ve put Cousin Eddie in charge.
What is the world coming to? First Madoff, and now this… The SEC has sued the CEO of comedy media company National Lampoon for market manipulation:
Daniel S. Laikin, National Lampoon’s CEO, [...]
Black Hole AIG Needs Another $10 Billion
Posted in AIG, Bailout, Economy, Finance, Fraud, Government on Dec 10th, 2008
After all the money AIG’s (AIG) had shoveled at it, why does it need another $10 billion? Because, as The Journal reports, the money its gotten from the government are supposed to pay off its bad CDS bets — essentially, the money went to retiring the underlying CDO — but it’s also stuck $10 billion [...]