Frank Rich of the New York Times writes, here, that the narrative of our decade has been defined by how easily we've all been duped by the con-artists in our midst. Collectively, Americans have become inured to the deception that surrounds our social, commercial,...

South Florida is awash in illegal money, and even federal investigators can no longer ignore this area as the center of corruption. Miami continues to uphold its well-earned reputation as being the capital of vice and corruption, as the Herald writes, here. Miami is...

Allen Stanford's Ponzi scheme is a stark reminder of our collective inability to discern wisdom from crowd behavior, especially in financial decisions. The Miami Herald today published an expose, here, of Allen Stanford's final, desperate days to prop-up Stanford...

Societe Generale recently published a white paper that purports to be a "worst-case-scenario" of economic predictions, but which ultimately makes a persuasive case for an economic meltdown akin to that experienced by Japan throughout its "lost decade" of the 1990's....

The many layers of Scott Rothstein's Ponzi scheme continue to be peeled back, revealing a tangled web of Madoff-like feeder funds, alleged co-conspirators, and vast sums of money being transferred throughout the world. The Miami Herald reports, here, that Rothstein...

As Wall Street became the destination of choice for MIT and Harvard mathematicians and physicists throughout the last decade, alarm bells should have sounded at our regulatory and policy-making institutions. An interesting op-ed piece by Calvin Trillin appeared in the...

It bears worth repeating that the most interesting aspect of many of the recent Ponzi schemes that have surfaced, among them Bernie Madoff's and Scott Rothstein's, is not the motivation that propelled these individuals to commit these frauds, but the rationale of...

Is there any doubt that the federal government is now propping up nearly the entire housing market? The New York Times reported here that the Federal Housing Administration, FHA, the government agency whose loan-insurance programs have essentially prevented the entire...

Another week, another Ponzi scheme emerges: Scott Rothstein, a prominent Broward County, Florida lawyer, has been accused of orchestrating a scheme to bilk investors of hundreds of millions of dollars. The ruse involved the sale of legal settlements finalized by...