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Posted by Alicia Norman on December 11, 2009 · Leave a Comment
Merck and Co., the makers of Vioxx argued in court this week that investors can’t sue them for the defunct product because the statute of limitation is over for a defective drug lawsuit. Vioxx, which was pulled off the market because it doubled the risks of heart attack, stroke and death cost the company and [...]
Filed under Latest News · Tagged with class action securities suit, class action suit, defective drug, defective drug attorney, defective drug lawsuit, defective drug lawyers, investors, Merck and co, shareholders, Vioxx, Vioxx warning
Posted by Allen P Wilkinson on October 21, 2009 · Leave a Comment
In 1920, Charles Ponzi, an Italian immigrant, started advertising that he could make a 50% return for investors in only 45 days. People mortgaged their homes and invested all of their life savings with Ponzi, so that by July 1920, Ponzi was bringing in millions of dollars. As with all frauds, the money return to [...]
Filed under Commentary, Corporate/Finance · Tagged with 150 years sentence, Bernard Madoff, Bernie Madoff, billions of dollars, chairman of Nasdaq, Charles Ponzi, control over other people, deceive, deception, double-digit returns, greed, investment, investors, life savings, Nasdaq, no chance of parole, nonprofit organizations, plead guilty, ponzi scheme, psychopath, securities fraud, too good to be true, wiped out
Bernie Madoff’s Ponzi Scheme
Posted by Allen P Wilkinson on October 21, 2009 · Leave a Comment
In 1920, Charles Ponzi, an Italian immigrant, started advertising that he could make a 50% return for investors in only 45 days. People mortgaged their homes and invested all of their life savings with Ponzi, so that by July 1920, Ponzi was bringing in millions of dollars. As with all frauds, the money return to [...]
Filed under Commentary, Corporate/Finance · Tagged with 150 years sentence, Bernard Madoff, Bernie Madoff, billions of dollars, chairman of Nasdaq, Charles Ponzi, control over other people, deceive, deception, double-digit returns, greed, investment, investors, life savings, Nasdaq, no chance of parole, nonprofit organizations, plead guilty, ponzi scheme, psychopath, securities fraud, too good to be true, wiped out