Jun 26
Recent allegations that funds intended for veterans and mistreated animals is actually mainly dedicated to further marketing efforts (and lining the pockets of one marketing company in particular) are causing anger among many donors. SPCA International raised $27 million dollars, but CNN.com reports that it spent nearly the same amount on direct mail services purchased …
Permanent link to this article: https://betweenthenumbers.net/2012/06/funds-donated-to-well-known-charities-are-mostly-going-towards-further-marketing/
Jun 25
Results of a study entitled “Elder Investment Fraud and Financial Exploitation Survey” were released on June 13, 2012. 762 responses from primarily state securities regulators, adult protective services workers, social workers, medical professionals, and financial planners provided an unequivocal message that the elderly are being taken advantage of to an alarming degree. The results include: …
Permanent link to this article: https://betweenthenumbers.net/2012/06/investment-fraud-and-financial-exploitation-of-seniors-is-an-epidemic/
Jun 23
The application period is over and now ICANN has published the nearly 2000 applications for new Global Top Level Domans (gTLD). For those unfamiliar with the terminology, a Top Level Domain is what goes after the dot in a domain name, By far the most common TLD is .com, but you no doubt have come …
Permanent link to this article: https://betweenthenumbers.net/2012/06/big-players-in-the-gtld-applications/
Jun 22
Six men in Britain have been convicted of not only selling fraudulent documents, but effectively operating a “school” to teach customers how to perpetuate frauds with the documents they purchased. Confidential Access, the website at the center of the multi-level fraud, sold (mostly stolen) full credit profiles to its 11,000 customers for approximately $8,500 a …
Permanent link to this article: https://betweenthenumbers.net/2012/06/fraud-school/
Jun 20
A class action lawsuit has been filed against ConAgra Foods, Inc. [“ConAgra” or “Defendant”], the manufacturer and distributor of Hebrew National meat products such as beef franks, deli meats, and beef knockwursts. The lawsuit alleges that the Defendant misled consumers in labeling its products “strictly 100% kosher.” Con Agra has responded that the lawsuit is …
Permanent link to this article: https://betweenthenumbers.net/2012/06/hebrew-national-forced-to-answer-to-a-lower-authority/
Jun 18
Last week, the media quickly dispersed the jaw dropping statistic just released by the Federal Reserve in its Survey of Consumer Finances (SCF): household median net worth fell by almost 40% from 2007 to 2010, the mean fell almost 15%. According to SCF, the median inflation adjusted net family worth (i.e., the value of its home(s), bank account(s) and retirement …
Permanent link to this article: https://betweenthenumbers.net/2012/06/fed-reports-a-significant-decline-in-net-worth-under-two-measures-but-in-different-amounts/
Jun 16
Allen Stanford was facing up to 230 years for bilking investors out of $7 billion in one of the largest frauds in US history. As a reminder, Bernie Madoff, the most famous name in Ponzi schemes aside from Charles Ponzi himself, received a sentence of 150 years for his $20 billion fraud. So in the interest of …
Permanent link to this article: https://betweenthenumbers.net/2012/06/another-100-years-for-a-ponzi-schemer/
Jun 15
On June 4, 2012, James Giddens, the SIPA (Securities Investor Protection Act) Trustee for MF Global, issued a detailed 275 page report that provides enormous detail of what happened at MF Global before it became the eighth-largest U.S. bankruptcy. MF Global appropriately received even greater attention because substantial amounts of customer deposits were missing. The …
Permanent link to this article: https://betweenthenumbers.net/2012/06/mf-global-trustee-reports-significant-management-malfeasance/
Permanent link to this article: https://betweenthenumbers.net/2012/06/a-new-method-of-financing-university-education-that-isnt-new/
Jun 07
A “New” Method of Financing University Education that isn’t New
June 7, 2012
FixUC, a student-based organization, claims to have found the solution to rising student debt and education costs. The proposal: instead of paying tuition to attend university, students should pay the university a 5% share of their future income for twenty years after graduation. FixUC’s founder and President, Chris LoCascio, explains the logic underlying the initiative, …
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