Investor Fraud: Even Billionaire Clients are Not Immune

  • Posted by Admin
  • On April 28, 2016
By Phil Ciano Partner Common misperception: The wealthier people get, the more immune they are to investor fraud, mismanagement and negligence. Naturally, we think millionaires (and certainly billionaires) have the best, brightest and most effective money managers in the world. The rest of us are stuck with your “everyday broker,” who is more liable to […]
Read More

How Quickly We Forget: “Liar Loans” Bloom Again on the Horizon . . .

  • Posted by Admin
  • On April 21, 2016
By Phil Ciano How Quickly We Forget: “Liar Loans” Bloom Again on the Horizon . . . Leave it to Wall Street to erase unpleasant memories of the greed, sloth and envy that triggered the 2009 financial collapse. In a potential sign of danger on the horizon, big money managers and hedge funds are making […]
Read More

Middle Market IPOs? Shark Tank Star, Mark Cuban, May Create the Market

  • Posted by Admin
  • On April 14, 2016
Middle Market IPOs? Shark Tank Star, Mark Cuban, May Create the Market Earlier this month, entrepreneur and Shark Tank star (and oh, I almost forgot, Dallas Spurs’ owner), Mark Cuban, recently posted an essay for the inaugural issue of The Catalyst. The Catalyst is a self-described “journal of ideas” from the George W. Bush Institute. […]
Read More

“Who are you, and what the heck are you doing with my money?” – Lessons from the Decline and Fall of the Southport Insurance Empire

  • Posted by Admin
  • On April 7, 2016
On January 14, 2016, FBI and IRS agents raided the Manhattan office of Alexander Chatfield Burns, former head of the private equity firm, Southport Lane. The raid followed a two-year, multi-state investigation into the young financier’s attempts to revamp insurance investments which instead caused all the companies involved to lose $250 million and left them […]
Read More