50 years imprisonment for Scott Rothstein over investment scam
Scott Rothstein learned Wednesday, just months after his Ponzi scheme imploded, that he will spend the next 50 years of his life in prison.
“I am truly and deeply sorry for what I have done. I don’t expect your forgiveness. I don’t,” Rothstein said in court according to the Sun-Sentinel. “I am ashamed and embarrassed.”
He apologized [...]
Fabrice Tourre reasons out: “I Did Not Mislead Investors”
The London-based Goldman Sachs banker Fabrice Tourre, who is at the centre of a $1bn (£650m) fraud prosecution, came out fighting today with a vigorous rebuttal of “unfounded attacks” on his character and motives.
“I deny–categorically–the SEC’s allegation,” Tourre said. “And I will defend myself in court against this false claim.”
For Tourre, 31, Tuesday’s appearance [...]
Goldman Sachs says ‘It’s not our intention to mislead’
Goldman Sachs Group Inc., facing a fraud lawsuit from U.S. regulators, said it would never intentionally mislead investors.
“We would never intentionally mislead anyone, certainly not our clients or our counterparties,” Goldman Sachs Co-General Counsel Greg Palm said today on a conference call with analysts. “We have never condoned and would never condone inappropriate [...]
Goldman Sachs Charged with Fraud by SEC
The Securities and Exchange Commission today charged Goldman, Sachs & Co and one of its vice presidents for defrauding investors by misstating and omitting key facts about a financial product tied to subprime mortgages as the U.S. housing market was beginning to falter.
The SEC alleges that Goldman Sachs structured and marketed a synthetic collateralized debt [...]
Latest Internet scam tracked by Interpol
Local internet users have been advised to be alert following an Internet scam inviting them to a global world conference for Human Rights billed for March 10-12 in Washington DC, in the US.
The mail which is circulating amongst various undisclosed recipients is authored by someone claiming to be working for Global Organization for Human [...]
Yahoo and MSN Lottery Win Notification Scam
Most of you will recieved the following emails which will claim that you are a winner of the Lottery. Well there is no such thing like Yahoo or Msn Lottery. The best way to get rid of these email is to ignore them. But still there are people in this world who will respond to [...]
Confirmation Email lucky No 2 10 33 44 207
Recently I recieved an email claiming that my lucky ticket has been selected and I won €1,000,000.00 (One Million Euros Only). I am sure lot of people will recieve this scam email.
Few questions to ask from yourself before replying to any kind of emails like this.
Have you applied or did you put your email [...]
Online Car Selling Autotrader Scam
If you are selling your car online on a website like autotrader and you have been given the option that the potential buyer can contact you via email, you will definitely receive an email like this from a buyer; don’t get surprised by the offer as this is another technique used by the scammer. You [...]
Yahoo London Fair International Program Email Scam
You must be shocked and excited to recieve this emails claiming that you won such a huge amount of money. You are here to know about the reality of the email. The harsh fact is that you are not a winner but you have been targeted by a scammer.
All your are answers in the [...]
Western Union Virus email Scam
Another attempt to infect people’s computers with viruses is doing the rounds. I received an email that was supposed to be sent from Western Union, the email was informing me that a payment that I had sent had been stopped.
Firstly I have not made any payment by Western Union, secondly it is not common to [...]
