65 Billion Reasons Why You Cannot Trust Wall Street

65 Billion Reasons Why You Cannot Trust Wall Street
Author :
Publisher : Createspace Independent Pub
Total Pages : 236
Release :
ISBN-10 : 1481141937
ISBN-13 : 9781481141932
Rating : 4/5 (37 Downloads)

Synopsis 65 Billion Reasons Why You Cannot Trust Wall Street by : Michael T. De Vita

This is not just a book about the past, it is about the future! Bernard Madoff is in jail. You might think the Securities Industry is once again safe for investors. You would be wrong. It started with a phone call on Thursday, December 11th, 2008 at 8:07 P.M. I was totally unprepared for the 14 words which transpired over the next 10 seconds - "have you heard the financial news - Bernie Madoff was just arrested for securities fraud." These words changed my life forever and began a journey that continues to this day with no end in sight. Many books have been written about Madoff and the largest financial crime in history. This one-of-a-kind book is different. It offers an extraordinary first party view of the scandal from the perspective of an average American who had the misfortune to invest with Bernard Madoff Investment Securities as the central element of a long range retirement plan. This unique narrative discusses my information gathering process, observations and conclusions not only of the inner workings of the Madoff crime, but also of the role played by government regulators and Wall Street in their collective failures to detect the crime and the resulting impact of those failures on investors. Americans have a right to know what really happened. The information I collected is being presented in an adult education class at a local college. That effort led directly to this book with the hope that the message will be received by a much wider audience. If you have a brokerage account, 401k or pension plan that invests money in the U.S. Securities market then this book has a message for you. Wall Street is not a safe place for your money. But not for the reason you might think. Not because stocks carry inherent risk and can lose value due to market dynamics. You are at risk because your broker may be a fraud and regulators can decide your account statement is absolutely worthless. You may think that fraud in a market regulated by the U.S. Government cannot occur. On October 20, 2007, Bernie Madoff told us that "in today's regulatory environment, it is virtually impossible to violate rules. It is impossible for a violation to go undetected." Madoff lied. He did commit fraud. It was never detected. Thousands of American investors are paying a huge price for that fraud. After reading this book you will question whether you should trust your financial future to a system created by Wall Street and regulated by the U.S. Government. You will come to understand how laws that were put in place by Congress with the express intent to protect investors have instead been twisted and misinterpreted to deny those protections - all to the benefit of Wall Street. The system is broken. You are at risk. The brokerage account protections put in place by the U.S. Congress in 1970 share something in common with Madoff - these protections are a fraud. If you are involved in a brokerage fraud you will see that YOU are treated like a criminal and YOUR retirement will be sacrificed to the unrelenting and unforgiving profit motivations of Wall Street. This book isn't really about me, it is about you.

Hearings

Hearings
Author :
Publisher :
Total Pages : 1414
Release :
ISBN-10 : UOM:39015013473486
ISBN-13 :
Rating : 4/5 (86 Downloads)

Synopsis Hearings by : United States. Congress. House. Committee on Ways and Means

The Book of Scams

The Book of Scams
Author :
Publisher : Harriman House Limited
Total Pages : 146
Release :
ISBN-10 : 9780857195159
ISBN-13 : 0857195158
Rating : 4/5 (59 Downloads)

Synopsis The Book of Scams by : Rodney Hobson

These days fraudsters operate on a massive scale that was previously unimaginable. Thousands of people from all walks of life are relieved of billions of pounds each year. No-one knows the full scale of fraud because embarrassed victims often fail to report it. Despite all the press coverage, people keep falling for old tricks that often re-emerge in new guises. Scammers are ingenious, utterly ruthless and without conscience. Rodney Hobson, author of the best-selling beginners guide to stock market investing Shares Made Simple, has produced the first definitive guide to scams, categorising the different types, listing tell-tale signs and advising how to spot a fraudster and avoid becoming the next victim. This makes the basic principles behind each type of scam more recognisable and it shows how scams have evolved and re-emerged over time. Danger lurks for those unwary souls who part only too readily with their hard-earned cash and this book will help you be alert to the risks. It is also meant to entertain, as we learn to grudgingly admire as well as despise the ingenious crooks who lurk in the shadows.

Theory and Practice of Illegitimate Finance

Theory and Practice of Illegitimate Finance
Author :
Publisher : IGI Global
Total Pages : 414
Release :
ISBN-10 : 9798369311912
ISBN-13 :
Rating : 4/5 (12 Downloads)

Synopsis Theory and Practice of Illegitimate Finance by : Rafay, Abdul

In today's interconnected world, fraud and corruption threaten the integrity of global financial systems, making illicit and illegitimate finance a pressing concern across industries. Editor Abdul Rafay, an esteemed academic scholar in financial crimes, corporate finance, and financial technology, offers the definitive solution to the Theory and Practice of Illegitimate Finance. This premier reference work comprehensively explores all facets of illicit finance, providing invaluable insights and real-world case studies on financial crimes, money laundering, tax evasion, and fraudulent practices. Through meticulous research and analysis, the book equips business owners, policymakers, researchers, and industry professionals with strategies to combat and prevent illicit finance from infiltrating financial institutions and businesses. As an indispensable resource for academicians and students, Theory and Practice of Illegitimate Finance empowers readers to tackle the complexities of illicit finance. Abdul Rafay's unparalleled expertise, evident from his successful editing of previous books and numerous research papers, enhances the book's credibility. By embracing the transformative journey offered by the book's insights, readers from all walks of life can contribute to a more transparent and accountable financial world, ensuring the integrity of global finance systems and paving the way for a brighter and more secure future.

Increase in Public Debt Ceiling

Increase in Public Debt Ceiling
Author :
Publisher :
Total Pages : 112
Release :
ISBN-10 : UCAL:$B655793
ISBN-13 :
Rating : 4/5 (93 Downloads)

Synopsis Increase in Public Debt Ceiling by : United States. Congress. House. Committee on Ways and Means

Considers Presidential requests for an increase in the public debt ceiling and a redefinition of the national debt that would include only publicly held Federal obligations.

Congressional Record

Congressional Record
Author :
Publisher :
Total Pages : 1344
Release :
ISBN-10 : HARVARD:32044116494188
ISBN-13 :
Rating : 4/5 (88 Downloads)

Synopsis Congressional Record by : United States. Congress

The Congressional Record is the official record of the proceedings and debates of the United States Congress. It is published daily when Congress is in session. The Congressional Record began publication in 1873. Debates for sessions prior to 1873 are recorded in The Debates and Proceedings in the Congress of the United States (1789-1824), the Register of Debates in Congress (1824-1837), and the Congressional Globe (1833-1873)

Why Should White Guys Have All the Fun?

Why Should White Guys Have All the Fun?
Author :
Publisher : Black Classic Press
Total Pages : 358
Release :
ISBN-10 : 1574780360
ISBN-13 : 9781574780369
Rating : 4/5 (60 Downloads)

Synopsis Why Should White Guys Have All the Fun? by : Reginald F. Lewis

The inspiring story of Reginald Lewis: lawyer, Wall Street wizard, philanthropist--and the wealthiest black man in American history. Based on Lewis's unfinished autobiography, along with scores of interviews with family, friends, and colleagues, this book cuts through the myth and hype to reveal the man behind the legend.

Forbes

Forbes
Author :
Publisher :
Total Pages : 1040
Release :
ISBN-10 : MINN:319510012624384
ISBN-13 :
Rating : 4/5 (84 Downloads)

Synopsis Forbes by : Bertie Charles Forbes

This business magazine covers domestic and international business topics. Special issues include Annual Report on American Industry, Forbes 500, Stock Bargains, and Special Report on Multinationals.

You Can't Afford to Get Sick

You Can't Afford to Get Sick
Author :
Publisher : Penguin
Total Pages : 234
Release :
ISBN-10 : 9781101446058
ISBN-13 : 1101446056
Rating : 4/5 (58 Downloads)

Synopsis You Can't Afford to Get Sick by : Andrew Weil, M.D.

With a two-week plan for optimum wellness, “America’s best-known doctor” (The New York Times) shows you what you need to know to be in the best health and have the best care. The crisis in American health has hit home in very personal ways. Every thirty seconds someone in this country files for bankruptcy in the aftermath of a serious health problem. And although America spends more on health care than any other country, the World Health Organization recently ranked our health outcomes lowest among the developed nations. Now, in this visionary New York Times bestseller, world-renowned pioneer in the field of integrative medicine Andrew Weil, MD, busts the myths underpinning our health-care system and provides cogent strategies for change as well as specific prescriptive information explaining how—beginning with his two-week jumpstart plan for optimum wellness—to get and maintain good health.