A Record Of 130 Million Credit Card Numbers Stolen
This is a real world situation that could impact each of you as professionals, investors, and friends of persons who could fall for such schemes. So please get angry about it! An envelope arrived...
I believe that love and commitment are a solid foundation for a marriage. But we should not ignore the fact that money problems can easily break a union.
Dad’s business — Bernie Madoff Investment Securities — was not their domain, they say, and thus they have nothing to do with the fraud. For a long time, people have suspected this wasn’t true, but a story in offers the best evidence yet.
But if we look closer, we will see that some form of corporate theft is happening every day in every workplace, and it may be difficult to know what is theft and what is not. Perhaps you phone your husband from the office. That’s technically theft of facilities but widely accepted everywhere. Charging-up your cell-phone is using the company’s electricity. If you work in a clothing factory, there’ll be clothes that can’t be sold, owing to faulty cutting or stitching. But they can still be worn, and if you don’t take them, they’ll just go in the bin. That perhaps seems reasonable enough – except that it could encourage dishonest workers to produce rejects to order!
U.S. prosecutors had asked that Madoff be jailed while awaiting trial on a federal fraud charge. U.S. Magistrate Judge Ronald Ellis ruled that Madoff was not a flight risk and did not pose a threat to society.
Many people are lured to invest their money in financial market instruments that promise attractive yields. These instruments are, however, as opaque as black boxes.
The American Society for the Prevention of Cruelty to Animals have a big job at hand and recently began a program called Help Out Pets Everywhere (HOPE) to provide food, medical care and temporary homes for pets belonging to families with financial difficulties. They received about eighteen applications in the first week, some of those people have never experienced hardship until now, and therefore, neither have their pets.
“The Securities and Exchange Commission, a once-proud agency with an impressive history as Wall Street’s top cop finds itself increasingly conducting autopsies of leading financial institutions after failing, in the first instance, to perform adequate biopsies.
This insurance comes fortunately or unfortunately comes from the US government, and the government itself is largely in debt. As we’ve seen with the $700 billion dollar bailout, the government is willing to take on more debt.