Saturday, April 28, 2012
WILT SCORED 100 POINTS 50 YEARS AGO
WSJ - 2/28/12- With NBA basketball playoffs underway, it's only proper writer Gary Pomerantz recalled the historical basketball game played in Hershey Stadium on March 2, 1962. Wilt Chamberlain, on the Philadelphia Warriors team against the New York Knicks, scored 100 points, made 36 of 63 field goal attempts (without 3-point shots), and sank 28 of 32 free throws. At 7 foot 1 inch and 260 pounds, his stride coming down the floor measured 8 feet. Dolph Schayes of the Syracuse Nationals has said Chamberlain was "the most perfect instrument made by God to play basketball". A heart attack in 1999 killed Wilt at the age of 63.
Tuesday, April 24, 2012
ARTHUR ANDERSON EX-CEO FINED $ 400,000.00
Den.Post--Recently, H. Clayton Peterson, former Chief of the Denver office of accounting firm Arthur Anderson pled guilty to charges of relaying inside information on a pending acquisition of Mariner Energy. He was sentenced to a 2-year probation, 3 months of home confinement, and a $400,000.00 fine As a Director of Mariner, Peterson relayed inside information to his son, Drew, who is awaiting sentencing after pleading guilty. He passed inside information on to hedge fund manager, Bo Brownstein, who made $2.5 million on the information. He also pled guilty and is awaiting sentencing. Peterson's attorney stated his client had limited assets, although records show liquid assets of $2.1 million and real estate worth $1 million in Denver, Beaver Creek, and Phoenix.
LONG HAIR A CRIME
LATimes- Seven members from a splinter cult-like Amish group from Bergholz, Ohio recently may face life imprisonment for assaulting other Amish males by giving unwanted haircuts to those who have married. Such acts, according to Amish religion, are regarded as especially "heinous". FBI agents conducted the haircut raid, and those committing the crimes have been charged and face sentences of as much as life imprisonment. Removing men's beards and women's hair after marriage is prohibited by the conventional Amish.
Wednesday, April 18, 2012
NADEL DIES IN PRISON
WSJ- The Greedsters page 61:
Ponzi artist Arthur Nadel died at the age of 80 in Federal Butner prison, N. C. He was guilty of fleecing the elderly of $397 million - a mini-Madoff. He faked suicide, then turned himself in. His auditor was also fraudulent. Nadel said "I have been my own worst enemy".
Ponzi artist Arthur Nadel died at the age of 80 in Federal Butner prison, N. C. He was guilty of fleecing the elderly of $397 million - a mini-Madoff. He faked suicide, then turned himself in. His auditor was also fraudulent. Nadel said "I have been my own worst enemy".
Tuesday, April 17, 2012
ALL ABOUT RICHARD G. "DICK" GRAY, SR., D.Sc. (HON), AUTHOR OF "THE GREEDSTERS".
Dick Gray is the author of the unique, fascinating financial book, "The Greedsters", published in the year 2012.
It has been said Dick Gray is a true Renaissance Man of many talents. Born on April 6, 1918 in Peoria, Illinois, he likes to describe himself as one who has lived many different types of lives during his 94 years through 2012.
He was educated as a Petroleum Engineer at Dartmouth College, the University of Wyoming and the University of Minnesota, from which he graduated in 1940. Montana State University has recognize d his contributions to science with an Honorary Doctorate Degree in Science (D.Sc. (Hon). TheUniversity of Minnesota has honored him with an Outstanding Achievement Award and he has received many other similar recognitions, including the Proclamation at the State Capitol by the then Minnesota Governor Tim Pawlenty of Dick Gray Day for the State of Minnesota on April 24, 2006.
As a U.S. Naval Officer during WWII, he was aboard an amphibious attack ship (APA) and covered 68,000 miles of the Pacific Ocean in areas of engagement that included the invasion of Iwo Jima.
In 1948, he founded the Minnesota Corporation, Zero-Max Industries, Inc. and for 33 years sold a patented mechanical variable speed device throughout the world. He owned a company in Basel, Switzerland, Zero-Max, A.G., which was used for a free-port distribution system for Europe. Zero-Max Industries Inc. was sold in 1981 to the Miki Pulley Company of Kawasaki, Japan with American headquarters in Golden Valley, Minnesota. Zero-Max products are widely sold and used in the world today.
In 1968, Mr. Gray joined the Board of Directors of the Investors Group of Companies in Minneapolis, a mutual fund complex of 35 companies, sold by IDS (later American Express and Ameriprise Financial), at the time the largest complex of funds in the world and today has assets in excess of $one hundred million. He was a Board member of all companies for 25 years and CEO for 5 years. He was a member of the Investment Company Institute (ICI) of Washington, D. C. and became familiar with numerous major financial companies, their executives and many of their policies.
Also in 1968, Mr. Gray founded what today is The Freshwater Society. He led a drive to raise $multi-millions to plan, build and equip a 52,000 square foot research facility which was donated to the University of Minnesota's College of Biological Sciences for freshwater research. He continues to be a Board member of the non-profit The Freshwater Society.
A world traveler, Dick Gray has had residences in Minnesota, Colorado and Arizona, where he has been active in a multitude of non-profit organizations, including the Minneapolis YMCA, Center for the Great Lakes, Minnesota Planned Parenthood, Science Museum of Minnesota, Wolf Ridge Environmental Learning Center, Lamont-Doherty Geophysical Laboratory atColumbia University and the Marion Downs Hearing Center Foundation in Denver , Colorado.
Because of his worldly business, financial, charitable and executive experiences, he felt he was qualified to write "The Greedsters", a book full of greed examples on Main Street, Wall Street and other financial scenes around the globe
It has been said Dick Gray is a true Renaissance Man of many talents. Born on April 6, 1918 in Peoria, Illinois, he likes to describe himself as one who has lived many different types of lives during his 94 years through 2012.
He was educated as a Petroleum Engineer at Dartmouth College, the University of Wyoming and the University of Minnesota, from which he graduated in 1940. Montana State University has recognize d his contributions to science with an Honorary Doctorate Degree in Science (D.Sc. (Hon). TheUniversity of Minnesota has honored him with an Outstanding Achievement Award and he has received many other similar recognitions, including the Proclamation at the State Capitol by the then Minnesota Governor Tim Pawlenty of Dick Gray Day for the State of Minnesota on April 24, 2006.
As a U.S. Naval Officer during WWII, he was aboard an amphibious attack ship (APA) and covered 68,000 miles of the Pacific Ocean in areas of engagement that included the invasion of Iwo Jima.
In 1948, he founded the Minnesota Corporation, Zero-Max Industries, Inc. and for 33 years sold a patented mechanical variable speed device throughout the world. He owned a company in Basel, Switzerland, Zero-Max, A.G., which was used for a free-port distribution system for Europe. Zero-Max Industries Inc. was sold in 1981 to the Miki Pulley Company of Kawasaki, Japan with American headquarters in Golden Valley, Minnesota. Zero-Max products are widely sold and used in the world today.
In 1968, Mr. Gray joined the Board of Directors of the Investors Group of Companies in Minneapolis, a mutual fund complex of 35 companies, sold by IDS (later American Express and Ameriprise Financial), at the time the largest complex of funds in the world and today has assets in excess of $one hundred million. He was a Board member of all companies for 25 years and CEO for 5 years. He was a member of the Investment Company Institute (ICI) of Washington, D. C. and became familiar with numerous major financial companies, their executives and many of their policies.
Also in 1968, Mr. Gray founded what today is The Freshwater Society. He led a drive to raise $multi-millions to plan, build and equip a 52,000 square foot research facility which was donated to the University of Minnesota's College of Biological Sciences for freshwater research. He continues to be a Board member of the non-profit The Freshwater Society.
A world traveler, Dick Gray has had residences in Minnesota, Colorado and Arizona, where he has been active in a multitude of non-profit organizations, including the Minneapolis YMCA, Center for the Great Lakes, Minnesota Planned Parenthood, Science Museum of Minnesota, Wolf Ridge Environmental Learning Center, Lamont-Doherty Geophysical Laboratory atColumbia University and the Marion Downs Hearing Center Foundation in Denver , Colorado.
Because of his worldly business, financial, charitable and executive experiences, he felt he was qualified to write "The Greedsters", a book full of greed examples on Main Street, Wall Street and other financial scenes around the globe
What is "THE GREEDSTERS"?.
Post (2) : April 16, 2012- :"The Greedsters" is a new financial book that is fascinating and easy to read - a must for anybody's library. This 400-page paperback describes the History of Greed in the Western World; Greedsters Today; Greedsters Ponzi Schemes; Greedster Madoff; Greedster Stanford; Greedster Banks; Greedsters on Wall Street; Greedsters on Main Street; Lax Boards of Directors; the Federal Reserve System; and seven pages of Terminology and new financial terms. The book is available for $16.99 at most bookstores, on Kindle and Kindle Fire and other "Readers", from Amazon or directly from The Cherry Creek Co., LLC, 130 Holly Lane North, Plymouth , MN. 55447.
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