Wednesday, May 16, 2012

 
 
 

 
 
 
 
 
Why being a billionaire is great: Ponzi edition (with pictures)
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Friday, May 01, 2009
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From Bronte Capital:

Justin Hare was a marketer who sold hedge funds for Onyx Capital. Justin also worked for Stanford (the alleged ponzi).

Onyx (and its principal Jeff Schneider) at a minimum introduced Paradigm (a firm owned by the Vice President’s family) to two alleged frauds (Alan Stanford, Ponta Negra).

Anyway Justin Hare (like several people involved in this) is not registered as a salesman for anything financial even though that is how he made a living. (Justin - fix your registration.)…

Being young and naïve he almost certainly thought that there was nothing wrong with his employer (the allegedly ponzi Stanford) and so he proudly put on his myspace page the photos of his business trip to Antigua.

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More Cruxallaneous:

Breaking: Vice President Biden potentially involved in massive Ponzi scheme

Today's entertainment: Why being a billionaire is great

Topics: Fraud | Cruxallaneous
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