Tagged: fraud

Madoff sentencing

Seventy-one-year-old Bernard Madoff today gets sentenced in federal court for admitting to the biggest investment fraud in  history.  School of Law Professor Tamar Frankel, an authority on securities law and legal ethics (and who is writing a book on Ponzi schemes), can discuss Madoff’s legal legacy. Contact Tamar Frankel, 617-353-3773, tfrankel@bu.edu

Countrywide ex-CEO charged with fraud

The SEC is charging mortgage pioneer Angelo Mozilo, the ex-CEO of Countrywide, with fraud and insider trading for actions that triggered the sub-prime meltdown.  School of Law Professor Tamar Frankel, an authority on securities law and legal ethics, says it’s about time the feds went after the big fish instead of just the “small fry” […]

SEC to use “specialists” to fight fraud

Law Professor Tamar Frankel, an authority on securities law, applauds the SEC’s decision to turn to legal specialists to fight financial fraud. “Staffing the Securities and Exchange Commission with specialized expert examiners and investigators is an idea whose time has come. Not only is the financial market far more complicated than in the past, it […]

TARP fraud: A culture “hostile to law”

With word of federal probes under way into alleged fraud involving banking bailout funds, School of Law Professor Tamar Frankel, an authority on securities law and legal ethics, says those receiving TARP funds should be subject to ongoing examinations. “‘It’s the culture, stupid.’ Law not only limits innovations, it also controls competition on innovative antisocial […]

Madoff musings

Journalism Professor Mitchell Zuckoff, author of “Ponzi’s Scheme: The True Story of a Financial Legend,” says in a New York Times blog that Bernard Madoff has become an emblem of a bad financial era. “Once in a rare while, a financial fraud is so audacious and extraordinary, yet so in tune with larger societal forces and […]

Madoff pleading guilty

Law Professor Tamar Frankel, an authority on securities law and legal ethics who is writing a book on Ponzi schemes, says Bernard Madoff is smart to plead guilty. “It seems that Madoff’s strategy is to confess, shorten all proceedings as much as possible, avoid jury trial almost at all costs, perhaps serve some time in prison […]