Who are Potential Victims of Financial Crime;
Why are Financial Criminals so successful at committing the same type of financial crimes repeatedly. Do you fit the profile of a financial crimes victims?
The financial crimes perpetrated by financial criminal Charles Ponzi , commonly referred to as the “Ponzi scheme”, are the same type of financial crimes committed presently, on the same type specimen of victims that Mr Ponzi so successfully executed his financial crimes on.
It is a misconception that Charles Ponzi is the originator of financial crime and this type of swindle. With only a slight variation in style this type of financial crime can be traced back as far as 17th century Scotland to Gregor MacGregor, who is infamous for pulling off the biggest fraud in history.
This type of fraud often called a ‘confidence trick‘ because the victims of these financial crimes are ticked in to believing that something that is improbable is possible. Most intelligent people would conclude that only uneducated people can be tricked in to believing in something that does not exist. Only stupid people are suckers.
The con artist has you already. That’s his first trick, he is going to convince you (the victim) that you (the victim) are the smartest person in the world and you are going to believe him. I mean it’s true right? You are well educated, intelligent, definitely not naive, not rich maybe, well not one of those “one-percenters’ ” that very one is down on, but lets say comfortable.
Suckers are greedy and you are not. Conservative investments, safe respectable. Sure “take what the traffic will bear” Biz101 and didn’t one of those Wall Street guys say “there is no such thing as a obscene salary”. thats true, they don’t pay you nearly enough for what your talents bring in, you deserve more. He has got you man, and you don’t even know it.
He will never take a large sum of money from you. He will plead with you to invest only what you can afford to loose. It is a little on the risky side, just a little. Past performance… . He will deliver what he promises.
Through out history the victims of this fraud have had common human characteristics. Yeah, you are right you are way too smart to b a victim.
Deja vu; White collar crime has become so prevalent in our society, that our minds barely register
any news about another financial crime investigation. Another billionaire gone astray.
Insider trading, its only a crime to get caught. Right? Everyone in the industry does it, a little. Only the really greedy financial criminals are sleazy. Its kind of like getting a good tip on a horse at the track. It’s not like getting filthy rich by smuggling drugs. They don’t put you into a real prison, where you have to worry about dropping the soap. It’s like a country club you can never leave and when you’re accustom to jet-setting around the world in your own Gulfsteam, getting locked up at the club is pretty tough. Billionaire criminals are not a danger to society.
The hell they’re not. Financial criminals hurt everyone, you, me, your kids, grand-ma, the girl next door, apple-pie and American-way as we know it. Sorry Ayn Rand but another one of your heroes is tarnished. What say ye; Republicans, right-wing extremists and their sympathizers. We don’t need more regulation? Maybe we should just put them in a real prison so that these financial gangster will have to shower with Buba.
Citizens, Romans, countrymen hear me! The Wall Street Mafia will continue to wreak havoc on our nation untill you tear your self away from the hot-wings (food) and the wide-screen (circuses) and rise-up angry.
Et Tu Brute.
P.S. I would like to suggest that Forbes magazine have a yearly top 10 of the worlds wealthiest financial criminals.
- How Pursuit of Billionaire Hit One Dead End (dealbook.nytimes.com)
MARKETWATCH FRONT PAGE
Why are some companies hated? The answer often depends on who is asking. Corporations can anger their customers, fail their shareholders, and mistreat their employees. Take a look at 10 of the most-hated companies in America. See full story.
I rarely us the word hate and I’m not going to use it now. It is distressing to hear words that have such strong meaning bandied about so frequently and irresponsibly.
The companies mentioned by MarketWatch are J.C.Penny, Dish Network, T-Mobil USA, Facebook, Citigroup, Research in Motion, American Airlines, Nokia, Sears Holding Corp, Hewlett-Packard, all iconic-brands.
There is a thread a common denominator that stands out as the reason for these company’s downfall, a CEO (chief executive officer) who has lost all perspective of what made the enterprise successful to begin with. The most valuable asset of any enterprise are its employees. No matter how effectual you are in cost management, profit capitalization, stock
manipulation (sorry), making the company look attractive to Wall Street.
If as CEO you do not realize that if you treat your employee’s like crap its going to bite you in the ass, then you are an idiot. More than likely you are having illusions of grandeur. The cure for those illusions is for you NOT to use the executive bathroom, go to the urinal your employees use, look over to either side, see;
You’re not such a big man after all. I don’t know of a cure for female CEO’s. SUGGESTIONS?
- Striking Hostess workers express no regret over looming liquidation – MarketWatch (stream.marketwatch.com)
- Online Reputation Management Specialist, JW Maxx Solutions, Not Suprised Dish Network is One of America’s Most Hated Companies (prweb.com)
- MarketWatch story sends marijuana-dispenser stock sky high (rawstory.com)
The Consensus Speaks
The achievement of the thing is even more remarkable when we remember the prevailing opinion
climate of 2008. After the disasters of the George W. Bush presidency had culminated in the catastrophe on Wall Street, the leading lights of the Beltway consensus had deemed that the nation was traveling in a new direction. They had seen this movie before, and they knew how it was supposed to go. The plates were shifting. Conservatism’s decades-long reign was at an end. An era of liberal ascendancy was at hand. This was the unambiguous mandate of history, as unmistakable as the gigantic crowds that gathered to hear Barack Obama speak as he traveled the campaign trail. You could no more defy this plotline than you could write checks on an empty bank account.
And so The Strange Death of Republican America, by the veteran journalist Sidney Blumenthal, appeared in April of 2008—even before the Wall Street crash—and announced that the “radical conservative” George W. Bush had made the GOP “into a minority party.”3 In November, Sean Wilentz, the erstwhile historian of the “Age of Reagan,” took to the pages of U.S. News & World Report to herald that age’s “collapse.” The conservative intellectual Francis Fukuyama had said pretty much the same thing in Newsweek the month before. That chronicler of the DC consensus, Politico, got specific and noted the demise of the word “deregulator,” a proud Reagan-era term that had been mortally wounded by the collapse of (much-deregulated) Wall Street.4 Continue reading
In 2008, the country’s financial system suffered an epic breakdown, largely the result–as nearly
every credible observer agrees—of the decades-long effort to roll back bank supervision and encourage financial experimentation. The banks’ stumbled quickly plunged the nation and the world into the worst recession since the thirties. This was no ordinary business downturn, Millions of American, and a large number of their banks, became insolvent in a matter of weeks. (Thomas Frank)
Where are the culprits, the swindlers and the criminals? Continue reading
SIGNS and WONDERS
These are confused times, a period when Americans rose up against imaginary threats and rallied
to economic theories they understood only in the gauziest terms. It is about a country where fears of radical takeover became epidemic even though radicals themselves had long since ceased to play any role in the national life; a land where ideological nightmares conjured by TV entertainers came to seem more vivid and compelling than the contents of the of the news pages.
Seen from another perspective, this is a conical of a miraculous time, of another “great Awakening,” of a revival crusade preaching the old-time religion of the fee market. It’s the story of a grassroots rebellion from the gloomy depths of defeat. Inevitably the words “populist” and “revolt” are applied to it, or the all out phrase chosen by Dick Armey, the Washington magnifico who heads one of the main insurgent organization: a “true bottom-up revolution.” Continue reading