The Greedsters Sequels: January 2013

Sunday, January 27, 2013

HEDGE-FUND MANAGER PAYS BIG FINE AND FORFEIT

WSJ - Mr. Douglas Whitman, founder of Whitman Capital in 1994, was sentenced to 2 years in prison by U. S. District Court Judge Jed Raskof. Mr. Whitman was fined $250,000 and ordered to forfeit $935,000 in illegal gains. Mr. Whitman declared," I am terribly sorry.

This something that haunts me today and will for the rest of my life". The Judge said, "Mr. Whitman repeatedly perjured himself" during the trial. Passing inside information to outsiders on Google among other companies was Mr. Whitman's downfall. Won't these supposedly smart fellows ever learn??

Monday, January 21, 2013

JAIL SENTENCES CAME IN BUNCHES

Justice prevailed.

Strib - Trevor Cook, a master pitchman, had a $158 million ponzi scheme and was convicted to 30 years in prison for it on August 24, 2010. Jon Jason Greco was sentenced to 10 months in jail on November 15, 2011 for making false statements during Cook's trial. On January 3, 2013, Jason Bo-Alan Beckman of Plymouth, Mn. was sentenced in Federal Court for 360 months or 30 years without parole (because it's a federal case) for his part in the ponzi. Gerald Joseph Durand of Faribault, Mn. earned a 240 month sentence (20 years) for participating in the ponzi. Christopher Pettengill of Plymouth, Mn. was sentenced to 90 months in prison ( 7 l/2 years). Infractions included wire fraud, mail fraud and filing false tax returns. These sentences came after due process that took more than 29 months after the sentencing of ringleader Trevor Cook. Justice prevailed.

WHAT IS A "GREEDSTER"?

A General description of a "GREEDSTER" is any company, organization or individual for whom "ENOUGH IS NEVER ENOUGH".

"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

A Blogsite titled "The Greedsters Sequels" follows up on true stories from the book, "The Greedsters". The book was published with a cut-off date that left many true stories incomplete because of on-going investigations. charges, trials, verdicts and sentencing with appeals possible that could take years to a conclusion. By Posting new developments as they occur, the book can remain current and topical for years, giving the book a life of its own. We will post the Sequels on the Blogsite - it's up to you to keep pace with the stories - at no cost to you. Enter "The Greedsters Sequels" on any search bar of your computer, click "The Greedsters Sequels" on the display page and bingo - there you are. General Greedsters Blogsite information will remain indefinitely but General Postings will advance into an archive after 30 days or so from which they can be retrieved at any time. It costs you nothing to stay informed and your book will never grow old.