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Bill Singer

The FBI Issues Holiday Warning About Smishing, Vishing and Other Scams by Cyber-Criminals

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

It's not just the holiday season for shoppers -- cyber-criminals look forward to this period of increased retail activity as a way to steal our money and personal information.

A Guilty Plea and Conviction End an ATM Scam

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

Two guys entered into contracts with investors by telling them they had collectively purchased over 4,000 ATMs. Doesn't sound like a bad opportunity. Of course, why would I be writing about it if something hadn't gone wrong?

Manicurist Hit With Corruption Charges -- Know What I'm Sayin'?

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

You ever wonder where so many popular but annoying sayings come from? How do these things even get started? You know? So, like, you know, just sayin',...

Danger: Legal Sharks Circle Online Posters

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

As a participant in a number of online forums where folks seek help with potential legal problems involving brokerage firms, I cringe when I see the detailed background information that users share.

ATM Investment Scheme Guilty Plea

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

Moore and Netschi made $80 million claiming that ATMs would generate revenue streams for investors. Talk about something going wrong, how about a majority of the machines sold not even existing?

Two Con Artists Sentenced in Federal Reserve Note Investment Plan Scam

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

Robert Ingram was the Director of a FRNIP. Or so you were supposed to think. Starting in 2005, Ingram told potential FRNIP investors that they would realize huge returns within a few weeks. Wow, sign me up!

Caught in the Spider's Web: Online Financial Identity Theft

Bill Singer | Posted 05.25.2011 | Technology
Bill Singer

So-called "carding" websites are providing criminals with online forums to buy and sell stolen identification and financial information. Don't get trapped in the net.

Fired Analyst Loses Multi-Million Dollar Arbitration Against Former Employer

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

Rodman & Renshaw and other Claimants filed a FINRA Arbitration Statement of Claim (initially in October 2006 and thereafter as amended) against Respondent Matthew N. Murray.

Examining the Defense of Family Values and Unequal Pay for Women

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

If we value families, then why is the economic burden of raising them always pressed upon women at the cost of fair pay and career opportunities? Whatever happened to the concept of shared sacrifice?

The Big Oops! Morgan Stanley's Research Failures

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

For those of you who still desperately cling to the belief that allowing Wall Street to self regulate itself works, perhaps this case may yet change your mind.

The $600 Million Teddy Bear Case

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

The WG Trading case represents yet another long-term fraud that went undetected by our nation's many regulators and prosecutors for far too long with disastrous consequences.

Mistake: Why Goldman Sachs Channels Richard Nixon and Watergate

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

According to some in the press, the settlement with Goldman was a major victory for the SEC. Initial stories would have you believe that the government ground Goldman to its knees. Almost a blockbuster summer movie.

Daniel Dravot, Goldman Sachs, and the SEC

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

While I may criticize the motivation and timing of the SEC's case, I applaud the long overdue recognition by Wall Street's regulators that they have coddled the mighty and powerful for far too long.

Wall Street Reform: $5 Worth of No Substitutions

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

2010-07-14-Screenshot20100714at11.22.20AM.jpg My wife and I were having lunch at a local diner and saw the above sign on the wall at the end of our table. She read it. I read it. She laughed. I laughed.

Moffat's Sex. Nietzsche's Memory.

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

It used to be sex, drugs, and rock 'n roll -- now it's sex, drugs, rock 'n roll, politics and Wall Street. For some reason, a lot of folks just get hung up about that sex thing.

Modern-Day Regulation: The Big Broom After the Circus Parade Passes

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

We are saddled with legislators and regulators who belatedly cobble together ineffective solutions for yesterday's problems. In the end, we get neither an ounce of prevention nor a pound of cure.

TV Pastor and Radio Host Caught in Federal Securities Frauds

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

On June 15, 2010, Samuel Solanky pleaded guilty to one count of wire fraud in connection with a scheme by which he caused individuals to invest approximately $3 million in a non-existant jewelry business.

NYSE-Traded Chinese Company CYD Settles Accounting Case with SEC

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

The fear of excessive regulatory reprisal contributes to cover-ups that inflict far more danger on our society.

Diamond Dust: Prominent Cuban-American Jeweler Named in Florida Affinity-Fraud Ponzi Scheme

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

In the SEC's suit, it is alleged that beginning in 2006, in order to finance his struggling jewelry businesses, Perez began offering investors no-risk collateralized promissory notes promising annual returns of 18% to 36% a year.

Not Much in the Name of Progress: Pequot, Samberg, and Martha Stewart

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

Just like Martha Stewart's case, the alleged Pequot/Samberg insider trading happened in 2001. So why was Stewart at trial in 2004 but Pequot/Samberg's case is still being resolved in 2010?

Wall Street Blackjack Player Busts, Busted, and Barred

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

They do quite a bit of surveillance at most casinos. Frankly, those paid to watch the games of chance do a better job than those paid to watch our stock markets. Take this recent case.

Lost: One Securities and Exchange Commission Regulatory Agenda

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

I'm sorry, but enough with these SEC public meetings and fanciful panels. Fix the mess. Do something. Talk is cheap -- and yours seems to be endless.