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This is straying a bit from our Bay Area focus, but an election week seems like a fine to trot out the mother of all other frauds, the Ponzi Scheme and related hooks. While many mistakenly believe this hoary scam is extinct, others say it still exists in many forms, possibly including the funding […]
A couple years ago CA’s CEO Sanjay Kumar, worldwide sales guru Stephen Richards, and in-house counsel Steven Woghin got caught padding CA’s basket in a major way.
Two years later, we offer our Golden Soap-on-a-Rope award to Kumar, who got a twelve-year sentence for conspiring to distort quarterly revenue by cramming 35 days of revs into […]
Senator Charles Grassley, the chair of the Senate Finance Committee, recently got bookoo press for demanding additional regulation for hedge funds. Maybe he should have been asking why the regulators don’t just enforce the laws we already have.
Amusingly enough, Grassley was soon leaped upon by members of his own administration, including Senator Shelby and […]
Shout out to Jeffrey Skilling–buy a hundred of these now. They cost a lot more once you’re in stir.
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Written by Paul Springer for b5media.
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