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Stock Scamming With The Clergy

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We were always taught that if you want to manipulate a stock price, you do it the old-fashioned way: improve the operating performance of your company. A man who calls himself “The Bishop,” however, sees such tactics as those of amateurs, bludgeoning the craft. The Bishop, according to investigators, is responsible for sending at least six “threatening letters” to financial institutions over the past year and half, and two dud pipe bombs to Kansas City and Chicago in January.
In the epistles, The Bishop, or Mr. Bishop, demands that “the financial companies move the prices of certain stocks to certain levels, often $6.66—an apparent reference to the Antichrist,” according to corporate counterterrorism expert Fred Burton, who’s been hired by the financial companies that have been targeted. Burton also noted that the pipe bombs “were assembled with crucial components deliberately left out, in what was probably a warning,” but that “next time, the bombs could be real.”
Unabomber-Like Figure Baffles Feds []


Former Madoff Employee Pleads Guilty To *A* Madoff Securities Scam Just Not *The* Madoff Securities Scam

You know what has got to suck? When you decide to start charging stuff that doesn't fall under "business expenses" to your corporate card and engage in a few other amateur hours scams that probably wouldn't have been found out (or, if discovered, not taken to the authorities because your boss had high tolerance for fraud) but then they are because the CEO of your firm had to go and engage in the largest Ponzi scheme on record, which shone an uncomfortable light on company personnel and all of the cheese, popcorn, and salsa of the month clubs you joined (for example).  Craig Kugel knows what we're talking about. The son of a longtime trader for convicted Ponzi scheme operator Bernard Madoff pleaded guilty to conspiracy and other criminal charges Tuesday, but denied any involvement in the decades-long fraud. Craig Kugel, the son of David L. Kugel, a former supervisory trader in Madoff's proprietary-trading operation, admitted to filing false forms that claimed people were on the Madoff payroll when they didn't actually work for the firm and to not declaring as income personal expenses charged to the firm's corporate credit card. Those individuals were paid salary and benefits, but weren't actual employees, he said. "I am sorry for my lapses in judgment in committing these federal crimes, but I want to make clear I had nothing to do with the Madoff Ponzi scheme and I was never involved in the Madoff trading operation," Craig Kugel said at a hearing before U.S. District Judge Laura Taylor Swain in Manhattan. Ex-Madoff Employee Pleads Guilty to Conspiracy [WSJ]