Category Archives: BUSINESS

Financial Crime Victim Profile

Justice (Dike, on the left) and Divine Vengean...

Justice and Divine Vengeance (Photo credit: Wikipedia)

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.

The Economist; The king of the con-men

Ten biggest financial crimes

10 most-hated companies in America – Illusions of Grandeur

By MarketWatch

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.

via 10 most-hated companies in America – NewsWatch – MarketWatch.

North America and Pelican Nebulae (narrowband)

North America and Pelican Nebulae (narrowband) (Photo credit: DJMcCrady)

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?