binders

  • Bill Gross

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    What Other Pieces Of Evidence Did Bill Gross Compile In His Three-Ring Binder Of Doom?

    In the weeks that followed, Gross tried to close ranks. He spent more than 20 minutes before a firm-wide meeting to discuss the media scrutiny that had beset the company, a speech in which he disparaged El-Erian, according to two people. When he ended to a standing ovation from the audience, including Hodge and Ivascyn, […]

    / Dec 3, 2014 at 1:49 PM
  • SDR4_poolbar

    That's how they triangulate

    Connection To A Company Called “Yeah Baby” Not Even The Best Part Of “High School Buddies” Insider Trading Scam

    Over the past several years, much has been made about the supposed incompetence of the Securities and Exchange Commission. The regulator failed to realize Bernie Madoff had been running an illegitimate Ponzi scheme, despite more or less being told by Bernie Madoff himself, “I am running an illegitimate Ponzi scheme.” It went after David Einhorn, when it should have been going after Allied Capital, the company the hedge fund manager told them was committing fraud. Its proposal for stepping up investigators’ games was to start a Fraud College.* Until recently, it employed individuals in the office responsible for “ensuring exchanges follow guidelines concerning…computer audits, security, and capacity” who had “little or no experience with exchange technical matters.” At this point, there have been so many stories about the SEC getting things wrong that the default is to assume it fucked up, even when that is not actually the case. What’s more, even when Team Schapiro is on top of its game, resources are so strained that many scams that should be caught fall through the cracks. So you can maybe understand why a group of “high school buddies,” along with a few other guys they picked up along the way, who were engaging in securities fraud, weren’t too worried about getting caught.

    / Nov 20, 2012 at 11:49 AM

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