Ponzi Videos

The alleged investment scam by Fort Lauderdale attorney Scott Rothstein could top $1 billion making it one of the biggest fraud cases in South Florida history. Structured Settlelent expert John Darer..explains why this isn't a structured settlement scam an

The alleged investment scam by Fort Lauderdale attorney Scott Rothstein could top $1 billion making it one of the biggest fraud cases in South Florida history. Structured Settlelent expert John Darer..explains why this isn't a structured settlement scam an

Attorney Jan Schlichtmann and LBN President Mark Wahlstrom do a special edition of Voices of the Law to discuss the Scott Rothstein fraud and it's fall out on the legal profession and structured settlements. This fraud named by theFBI as the Rothstein Stru

Paul Craig Roberts explains why the dollar in 2009 will loose more value and why this depression will be worst than 1929, he also gives his take on the Bernard Madoff fraud

Sketches and story by Ken Avidor On September 29, 2008, Businessman Tom Petters was arrested for operating a Ponzi scheme that allegedly, fleeced investors out of $3.5 billion. Tom Petters was held in Sherburne County jail for over a year while his attorneys and government attorneys made preparations for this week's trial. "U.S. vs Thomas J. Petters" finally got underway October 28th at the Federal Courthouse in Saint Paul, Judge Richard H. Kyle presiding. Assistant U.S. Attorney Joseph T. Dixon III read a summary of the charges and the evidence the prosecution will present in his opening statement. Dixon played some audio clips from recorded conversations with Tom Petters speaking with associates. Joe Dixon pointed to Tom Petters and assured the jury that the prosecution would prove Tom Petters was guilty of fraud Defense attorney Jon Hopeman said Petters was innocent and it was Deanna Coleman and other Petters' associates who were responsible for the fraud. In Hopeman's words they were , "instruments of darkness and doers of foul, foul deeds". The second day of the trial began with Assistant U.S. Attorney John Marti questioning witnesses who became involved in Tom Petters' complex web of financial dealings. Witnesses testified how the scheme almost unraveled in 2000 when phony purchase orders were used to borrow large amounts of money On the third day of the trial, Gregg Colburn of the Interlachen hedge fund told how Interlachen lost $60 million when Petters was busted by the Government in September 2008. Next week, Deanna Coleman former Petters associate is expected to testify. **http://the-uptake.groups.theuptake.org/en/videogalleryView/id/2541/

Kessler must protect a corrupt financier who has stolen billions from Russian oligarchs.

Paul Craig Roberts explains why the dollar in 2009 will loose more value and why this depression will be worst than 1929, he also gives his take on the Bernard Madoff fraud