Parsad Posted October 16, 2009 Posted October 16, 2009 Another long-running Ponzi scheme...this one in San Francisco. http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/10/15/BARS1A6AMQ.DTL Last Friday, some company called "Cirplus Futures" was shut down eight floors below us. I believe it is also another fraud or embezzlement. Crazy! When the tide goes out...Cheers!
Parsad Posted October 16, 2009 Author Posted October 16, 2009 And the list keeps rolling... Insider trading charges against Galleon founder: http://www.cnbc.com/id/33343625 Cheers!
mountboney Posted October 16, 2009 Posted October 16, 2009 What makes someone worth 1.8 billion steal 20 million and ruin his life? Perfect example of one of Munger's favorite examples of foolishness - those that risk everything for something they couldn't possibly need.
Parsad Posted October 16, 2009 Author Posted October 16, 2009 Excellent point! We should ask David Letterman the same question. ;D Cheers!
Crip1 Posted October 16, 2009 Posted October 16, 2009 Not like I am made of money or anything but this is only one case and is only $20M. Can anyone believe that there aren't many more cases out there with much, MUCH larger dollar amounts? Now if the individuals indicated are guilty and if they are found guilty, then I am certainly pleased with this. But it seems to be analogous to catching a baby muskie when there are scores of 25-pound muskies swimming in the same lake. Let's hope that this is just the start... -Crip
Guest kawikaho Posted October 17, 2009 Posted October 17, 2009 Bunch of assholes is what they are. Let's be frank here, these folks need the firing squad.
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