Fraud affects us all, especially when done on a wide scale and involving multiple conspirators and victims. A recent indictment of thirteen individuals shows that anyone is capable of fraud. In this case, the defendants include a law enforcement officer, healthcare employees, a paralegal, and even 911 operators who helped perpetrate a collective $100 million […]
READ MORESanta Rosa Man Convicted in Mortgage Fraud Case
A Santa Rosa man who ran a mortgage elimination scheme that preyed on struggling homeowners in Sonoma and Marin counties faces more than a dozen years in jail when he is sentenced next month, prosecutors said Tuesday. Ronald Cupp, 59, was convicted of 15 felonies, including forgery and falsifying documents through his Rohnert Park business, […]
READ MOREMan sentenced to false statements in a loan application
Steven F. Shaw, 49, a New York resident, was sentenced in United States District Court in Albany, New York, to 36 months in prison, to be followed by supervised release for 5 years, and to pay restitution in the total amount of ,653,530, upon his conviction of making false statements in a loan application, tax evasion, and […]
READ MOREFama, Thaler and the ordinary investor
Today’s WSJ summarizes the debate between Thaler, a leading skeptic of market efficiency, and Fama, the leading defending of the efficient capital markets hypothesis. As the article notes, the debate could have implications for privatizing social security. It quotes Thaler as saying, “[i]f you give people 456 mutual funds to choose from, they’re not going […]
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