Money and Computing
The SEC's OIG Investigation on Madoff
The complaint submitted in 2005 was entitled "The World's Largest Hedge Fund is a Fraud" and detailed approximately 30 red flags indicating that Madoff was operating a Ponzi scheme, a scenario it described as "highly likely." more »
Financial Markets and Real People
"Now, part of this theme of democratization of finance is that we have to pay respect to behavioral finance. That's because people don't - especially the less educated or less capable people - don't always make optimal use of financial instruments like, for example, insurance. If people don't make use of risk management contracts, then we have a problem." more »
When Does the Greed Stop?
"What is it about working men and women that you find so offensive?" more »
The FBI Issues A Reverse Mortgage Fraud Report
They facilitate appraisal fraud by arranging for minor cosmetic repairs, or falsely documenting repairs, that were never performed to inflate the appraisal. They also fraudulently create fictitious loans and liens that enable them to distribute the loan proceeds to themselves, the straw buyer, and others at closing. more »
