Wall Street misconduct, the SEC, crypto, private equity, hedge funds, sports betting.
103 articles · page 2 of 6
It’s hard to bankrupt a casino, but in modern times, Donald Trump and Sam Bankman-Fried have done the near impossible and bankrupted their casinos due to gross mismanagement and their failures to fulfill their customers’ fantasies of getting rich quickly. In the latest crypto scam, Sam Bankman-Fried, the head of FTX, stole as much…
PART 2: How a city council can disregard citizen input to push through real estate development and more congestion Ron Desantis’ vision of Florida is that the state would have no or few regulations. This has attracted predatory businesses, such as real estate developers, hedge funds, and private equity firms, even as Florida remains…
Florida is known for many things ranging from sun and surf to flooded roads during high tides, COVID denial, voter suppression and its biggest flaw: fraud.
It looks like the SEC is finally cracking down on the crypto industry. “The Securities and Exchange Commission widened its sweeping crackdown on crypto by accusing Coinbase Global Inc. of running an illegal exchange, a move that could make it harder for the industry to operate and for US citizens to trade,” according to…
Internet financial fraud has been increasing for two decades, and the latest statistics from the FBI show it is continuing to derail the lives of more people and causing more financial hardships. Worse, prosecution levels for internet financial frauds are dropping dramatically. In 2021, the FBI’s Internet Crime Complaint Report (released…
We don’t know who invented crypto, just like we don’t know who is behind QAnon. If that sounds suspicious, it should…
Crypto scams are becoming more prevalent and show no signs of abating. The big question is: Why are there so many dumb crypto buyers?
Crypto ranks as one of history’s great financial manias, and like previous ones, it will leave many speculators very disappointed.
Crypto regulation anyone? Definitely not in the gray world of cryptocurrencies and crypto exchanges. Just like abolishing the carried interest tax loophole is like showing the silver cross to vampires, enacting regulation in the crypto world is a real deal-breaker. So with the Ukraine invasion as the catalyst to stop Russian oligarchs…
This Sunday’s Superbowl may be the largest sporting event of the year. Still, it also shows the links between online sports betting, crypto-mania, rising distrust of government distrust, and wage stagnation. While sports fans know the game features two great teams, it will also be the cause for lots of betting. According to…
A recent decision by the US Department of Labor and the Biden administration to allow private equity funds into 401(k) plans is a huge payoff to major Wall Street investment companies who will now allow investors to be exposed to high-fee, high-risk private equity funds. In the latest setback for investors, the Biden administration’s…
It’s clear to anyone with a background in investing that crypto is a global hysteria where value is driven by crowd emotions, and hyped supply and demand. This makes it an ideal vehicle for crypto scams. The mass global hysteria has boosted the cryptocurrency market to $US 2.63 trillion, but despite this astronomical…
It’s clear to anyone with a background in investing that crypto is a global currency hysteria where value is driven by crowd emotions, and hyped supply and demand. The mass global hysteria has boosted the crypto market to $US 2.63 trillion, but despite this astronomical amount, no one really can explain what is driving crypto prices.
People who think humor has no role in the financial services business obviously have not been monitoring the crypto world. If they were, they would see some things worthy of any comedy act. Consider the following: A crypto with the same name as the new Covid variant, Omicron, spiked in price by…
The world of investing, including federal regulators, has caved in to social media pressure, faddism, anti-government movements, “democratized investing” (whatever that is) to create the global bubble surrounding crypto.
Crypto in all its various brands has no fundamental value and certainly no investment characteristics that lend it to established, fundamental security analysis.
In the first instance of an entire nation adopting bitcoin as a substitute for its national currency, El Salvador, the New York Times wrote that the crypto experiment is being watched to see “whether it becomes another tool of control and enrichment for autocrats and corporations.” If that sounds familiar, it’s because…
Naive investors lose money in SPACs, but unethical financial websites and brokerage firms always make big profits in the process.
Aside from being untraceable and of unknown origin, cryptocurrency and Bitcoin scams are emerging as the favorite way to pay for ransoms, criminal activities, and cyberhacking jobs. In the latest news, a breathless press release from the deVere Group touted the news that El Salvador became the first country in the world to adopt Bitcoin…
But if RobinHood was honest, they would be educating their clients about dull stuff, such as the benefits of a diversified stock and bond portfolio.
