Richard Madeoff
i,d take some convincing (as i've thought for years) that the whole finance industry isnt one big pyramid scam
oh and while i,m at that the New Star Asset managment debacle wasnt a simple case of fraud
oh and while i,m at that the New Star Asset managment debacle wasnt a simple case of fraud
A story that the many Sun readers here might have missed. But a $50bn scam is almost unbelievable - sending customers statements showing what return they have "earned" rather than showing their total investment amount, and these investors fell for it?!! Banco Santander first among them. What were THEY doing investing $2bn in a high risk investment fund?? Whose good idea was that then? Just another nail in the reputation coffin that was once "banking"...
Trending Topics
They did yesterday when it was announced, but have recovered to a heady EUR 6.63 as we speak. So just over half their value of earlier this year - quite a result by banking stock standards.
Thread
Thread Starter
Forum
Replies
Last Post
Sambob
Engine Management and ECU Remapping
41
Nov 27, 2015 07:36 PM
johnfelstead
ScoobyNet General
27
Feb 26, 2001 05:48 PM








