BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Madoff mansion moves for more than asking price]]>http://www.bloggingstocks.com/2009/09/17/madoff-mansion-moves-for-more-than-asking-price/http://www.bloggingstocks.com/2009/09/17/madoff-mansion-moves-for-more-than-asking-price/http://www.bloggingstocks.com/2009/09/17/madoff-mansion-moves-for-more-than-asking-price/#commentsFiled under: ,

Disgraced Ponzi schemer Bernie Madoff's (former) Montauk, Long Island home is no longer on the market. A buyer willing to pay more than the $8.75 million asking price has picked up the property, only two weeks after the U.S. Marshals Service listed it for sale.

Anne Lacombe, spokeswoman for the Corcoran Group, a real estate broker involved in the transaction, said the home was under contract for more than asking but did not have information on the exact amount, buyer or closing date, according to the Associated Press.

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Madoff mansion moves for more than asking price originally appeared on BloggingStocks on Thu, 17 Sep 2009 18:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>beach houseBeachHousebernard madoffBernardMadoffbernie madoffBernieMadofffeaturedfloridalong islandLongIslandmadoffmadoffponzischememadoffscandalmanhattanmanhattan real estateManhattanRealEstatemontauknew yorkNewYorkpalm beachPalmBeachponziponzi schemePonziSchemereal estateRealEstatesothebys international realtySothebysInternationalRealtyThu, 17 Sep 2009 18:00:00 EST<![CDATA[$50 billion investment fraud: Could you be next?]]>http://www.bloggingstocks.com/2008/12/13/50-billion-investment-fraud-could-you-be-next/http://www.bloggingstocks.com/2008/12/13/50-billion-investment-fraud-could-you-be-next/http://www.bloggingstocks.com/2008/12/13/50-billion-investment-fraud-could-you-be-next/#commentsFiled under: , , , , , , ,

This week a little story about a $50 billion investment fraud has metastasized. Madoff Securities, a brokerage firm that ran a secretive investment fund on the side, has closed down -- revealing that its steady 10% annual returns was a result of a Ponzi scheme. For some who trusted Madoff a week ago, they are today coming to grips with life without money. Is Madoff the only one out there? I doubt it. So you need to protect yourself.

How did Madoff accomplish this? That story has yet to be revealed. But founder Bernie Madoff revealed that he was using money from his most recent investors to pay off the earlier ones who requested their money. And a letter from hedge fund research and advisory firm, Aksia -- which steered its clients away from Madoff -- reveals five useful clues:

  • Unknown accounting firm. Madoff used an accounting firm Friehling & Horowitz that employed three people -- one was a 78 year old living in Florida.
  • Incomprehensible investment strategy too good to be true. Madoff employed a "split conversion strategy" which was never clearly defined and whose returns other traders could not duplicate.
  • Deception about technology. Madoff claimed it was technologically sophisticated but a visitor to its offices found paper tickets sent through the mail.

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$50 billion investment fraud: Could you be next? originally appeared on BloggingStocks on Sat, 13 Dec 2008 08:41:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>aksiabernie madoffBernieMadoffjames simonsJamesSimonsmadoffmadoff securitiesMadoffSecuritiespalm beachPalmBeachrenaissance technologiesRenaissanceTechnologiesSat, 13 Dec 2008 08:41:00 EST<![CDATA[Donald Trump pulls $100 million for his Palm Beach home]]>http://www.bloggingstocks.com/2008/05/15/donald-trump-pulls-100-million-for-his-palm-beach-home/http://www.bloggingstocks.com/2008/05/15/donald-trump-pulls-100-million-for-his-palm-beach-home/http://www.bloggingstocks.com/2008/05/15/donald-trump-pulls-100-million-for-his-palm-beach-home/#commentsFiled under: , , , ,

Despite the weak housing market, not everyone is feeling the pain, including Donald Trump who recently made a killing selling a home in Palm Beach for a reported $100 million.

While Trump concedes that the housing market is still weak, he states that he thinks things are about to turn a corner. Trump said that what is most troublesome to him right now is that people are still pretty shy about investing in America, and is what he calls the "saddest part" of all concerning the current economic situation in the country.

Since the American economy is driven so much on oil, Trump admits that there are better investments that you can make by looking abroad.

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Donald Trump pulls $100 million for his Palm Beach home originally appeared on BloggingStocks on Thu, 15 May 2008 13:48:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Donald TrumpDonaldTrumphousinghousing pricesHousingPricesinthenewsManhattanPalm BeachPalmBeachreal estateRealEstateThu, 15 May 2008 13:48:00 EST