Wall St. Scams a Go-Go
This information should shock no one by this point, but it seems that there are more tales of alleged fraud emerging from the general direction of Wall Street. Move over, Bernie Madoff.
This information should shock no one by this point, but it seems that there are more tales of alleged fraud emerging from the general direction of Wall Street. Move over, Bernie Madoff.
Rock Solid JournalismGawker:
Mark Bloom took millions from investors, lied about where he invested it, collected $1.6 million in fees, and is now insolvent!
James Nicholson told investors he was putting their money into hedge funds, and that those funds were performing well. When the Madoff scandal broke, people asked for their money back from Nicholson. The checks bounced. Now investigators think he may have vaporized up to $900 million!
In 2026, amid chaos and the nonstop flurry of headlines, Truthdig remains independent, fact-based and focused on exposing what power tries to hide.
Support Independent Journalism.
Editorial Cartoons
If only investors knew exactly what they were getting into—and what they aren’t going to get out of it.
Investigative reporter Steve Fishman explains how Bernie Madoff was able to pull off one of the largest financial crimes in U.S. history, and whether regulators have taken steps to ensure Americans won't get conned again.
For investors who lost money in Bernie Madoff's infamous Ponzi scheme and are waiting for payback from a firm enlisted by the Department of Justice, the check's (still) in the mail.
The 32-year-old Turing Pharmaceuticals CEO and Wall Street player became a source of schadenfreude on a mass scale Thursday with the news that he had been arrested for securities fraud.
Author Gina Nahai's latest novel, "The Luminous Heart of Jonah S.," is a family epic that leaps from Tehran to Los Angeles and back again, blending murder mystery, history, myth and magic in a lively and lyrical read.
Author Gina Nahai knows a thing or two about the Iranian Jewish diaspora in America -- she's part of it.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.