SEC Deal Harshly Punishes Poor Accused Millionaire Investor

SEC gets out its silken whip for this one.  No jail time though.  If you or I had “diverted” $12,000.000 what then?

It is just a sign that the Empire is on its last legs when corruption like this goes routinely unpunished.  How many more years can this go on?  Not many.

http://urlet.com/flush.gordon or:

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/03/06/BUQA1I3P07.DTL

Kathleen Pender in SFGate:

“Lawrence “Larry” Goldfarb, the Marin County hedge fund manager who settled federal fraud charges last week, admitted that he diverted $12 million in investor money to other entities he owned and then “knowingly and intentionally” misled investors about it.”

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: