The U.S. Securities and Exchange Commission said it halted a $50 million Ponzi scheme near Detroit that raised money for a real-estate investment fund and targeted the elderly. A federal judge in Michigan agreed to freeze assets after the SEC sued John Bravata, 41, and Richard Trabulsy, 26, claiming they lured more than 400 investors by promising 8 percent to 12 percent annual returns, the agency said today in a statement.
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SEC Halts $50 Million Ponzi Scheme
July 29th, 2009 
Before You Invest 
Posted in Finance Fraud 
Tags: 1 Million, 50 Million, Assets, Bravata, Exotic Vacations, Federal Judge, Ferrari, Gambling Debts, Gillette, Jewelry, Luxury Homes, Maserati, Merri, Mortgage, Prospective Investors, Real Estate Investment, Real Estate Investment Fund, Regional Office, Securities And Exchange, Securities And Exchange Commission 
No Comments »Corporate Speak Glossary
June 13th, 2009 Before You Invest action item An urgent task requiring immediate action—from someone else.as discussed A phrase used to remind someone of a conversation that has never taken place: “You don’t remember? That’s weird. We certainly discussed it.”assign ownership To dump responsibility on someone else as quickly as possible.at the end of the day Never mind what happened during the day.
Posted in Finance Fraud Tags: Backside, Bandwidth, Best Practices, Brain Space, C Level, Checks And Balances, Core Competency, Corporate Speak, Dce, Designation, Ferrari, Ferrari 599, Graphic Design, Last Ditch, Organizational Chart, Private Bathrooms, Proper Processes, Shareholders, Stock Price, Syllable No Comments »
