Topics: Securities - 3 results

Those guys over at Facebook must be really, really mean. And really good too. I mean, Mark Zuckerberg’s former classmates first alleged he stole their idea, and then said he bought them off cheap by lying to them about what it was worth. A federal appeals court though was having none of this as it upheld their settlement in what might be the sequel to last year’s Oscar-winning "The Social Network."   Facebook rivals said they were duped into settling …

You remember the financial crisis? You do if you’re one of the 9.5 percent unemployed. You remember the $1.82 trillion dollar loss financial firms suffered? You do if you owned shares in banks, brokers, or just about any other company. You remember the chorus of "never again" sung by government officials, business leaders, and investors big and large? Seems our business leaders have a short memory, because they’re suing to block an SEC shareholder reform regulation.   SEC regulation lets …

It’s been a bad time lately for investors and the recent 50 billion securities scam hasn’t helped any.  Bernard Madoff, a well respected former Nasdaq chairman, admitted to running a Ponzi scheme.  Like any pyramid scheme, the first investors saw a huge return on their investment funded not by smart investing but by the next level of investors buying in.  Although the list of those ripped off by Madoff include the rich and the famous, there is a very serious …