Stocks like that of Shree Ashtavinayak Cine Vision, with poor corporate governance and dubious promoter record, attract investors like bees are attracted to honey. In their lust to make a quick buck, investors turn a blind eye to all red flags and plunge in with their money. When the money evaporates into thin air, investors cry foul but who [...]
Posts tagged fraud
Shree Ashtavinayak Cine Vision Is A F...
Stocks like that of Shree Ashtavinayak Cine Vision, with poor corporate governance and dubious promoter record, attract investors like bees are attracted to honey. In their lust to make a quick buck, investors turn a blind eye to all red flags and plunge in with their money. When the money evaporates into thin air, investors cry foul but who [...]
“Rakesh Jhunjhunwala” Bei...
The CBI is probing whether this person who invested Rs. 75 crores in Jagan Reddy’s companies gave it as a bribe to YSR Reddy
Jagan Reddy
Our heart skipped several beats when we read that headline till we realized that it was some worthless cretin who goes by the same name as the Badshah of Dalal Street.
Apparently, this cretin is [...]
Shankar Sharma: Cup of woes brimmeth ...
Shankar Sharma (image: DNA)
Shankar Sharma‘s cup of woes is brimming over. First, this self-styled dooms day sayer went hollering all over town on how the bottom would fall from the market and there would be apocalypse now. Sadly, for Dr. Doom, the markets broke two upper circuits and made historic heights. Since then, he has right [...]
Another day, Another Scam
Raj Rajaratnam
Raj Rajaratnam & the Galleon Group
Raj Rajaratnam’s, the billionaire founder of Galleon Group, was the story that dreams are made of. Rajaratnam, 52, a graduate of the University of Pennsylvania’s Wharton School, was identified this year by Forbes as the 559th richest person in the world, with a net worth of $1.3 bill [...]
I will treble your money!!
Ashok Jadeja
“I am Madi Ashok Jadeja. I am blessed by Mata Sikotar. I have divine powers. I can treble your money. If you give me one lakh today, I will give you three lakhs next week.”
If Ashok Jadeja, 35, the self-styled godman and avatar of Mata Sikotar, made you such an offer, how would you react? Astonishingly, hundreds of people w [...]
Satyam and Maytas Fraud
The CBI’s Report on Satyam Maytas Scam
In the Satyam – Maytas Fraud case, Ramalinga Raju and his family have siphoned off an incredible amount of Rs 2,743 crores says the CBI. Satyam had inflated non-existent cash of Rs 5040 crore. Satyam had also understated liability of Rs 1,230 crores and over stated debt by Rs 490 c [...]
Irrational Exuberance and Financial S...
Psychologist Stephen Greenspan has written an Essay in the Wall Street Journal where he raises the pertinent question “Why We Keep Falling for Financial Scams”.
It amuses me that it is not just us ignorant in god-forsaken third world countries who get taken for a ride occasionally by smooth-talking scamsters but even storied and so-called s [...]
