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02 Sep 2009 10:40

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Biz: Good for them: Consumerist takes a bold stand against Cash4Gold

  • We believe citizens, consumers, and employees should be able to exercise their free-speech rights online – and journalists should be able to report on those efforts – without fear of intimidation.
  • Ben Popken and Meg Marco • In a long expose on Cash4Gold, which they wrote to expose the practices of a company which sued them and other sites in response to their posting of anonymous whistleblower statements from former employees. The whistleblower noted that the company – which until the Super Bowl this year, largely advertised on el cheapo late night advertising – gives significantly less money for traded in gold than pawn shops do. “No matter how nice the person is who gives it to you, a bad deal is still a bad deal,” they write. A bold article; good for them. • source

12 Mar 2009 21:12

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Biz, U.S.: When is Bernie Madoff going to jail?

  • NOW. bond revoked, biznitch. See ya! :) source

12 Mar 2009 21:07

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Biz, U.S.: Bernie Madoff: A man compelled to have killer returns. (Huh?)

  • While I never promised a specific rate of return to any client, I felt compelled to satisfy my clients’ expectations, at any cost.
  • Bernard Madoff • Explaining why he created his Ponzi scheme during a courtroom monologue while pleading guilty. According to him, he wanted to keep giving out continually good rates of return because he wanted his investors to love him. (No word on how he felt about his penthouse.) • source

19 Feb 2009 21:13

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U.S.: R. Allen Stanford: He could run, couldn’t hide

  • Where they found him FBI agents found the Texas-residing Stanford hiding out in Virginia, evading authorities trying to serve him with civil suit papers. He vanished Tuesday and somehow made it to Fredricksburg, because every alleged Ponzi schemer with a mustache goes there. Clearly. It’s the place to be.
  • He’s kinda like Waldo When found, we imagine Stanford was wearing a striped red shirt, glasses and a wool cap, trying to hide from authorities with his billions of dollars and tarnished reputation. He hasn’t been charged with any crime, but neither was Waldo, and everyone was looking for him, too! source

19 Feb 2009 10:53

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Biz, World: R. Allen Stanford’s massive fraud extends worldwide