Despite his criminal past involving bank fraud, cash flow note seller Frederick Darren Berg was able to freely operate what federal authorities now charge was an elaborate Ponzi scheme that bilked 1,000 Seattle-area investors out of at least $100 million. That’s because Berg set up his Meridian investment funds as “private offerings” — a category …
Cash Flow Note Seller Used Loophole To Bilk Investors Read More »
Last night the pundits on FOX and MSNBC missed the real story of the election. Maybe it’s because, with one exception (Chris Matthews, who was a House staffer when I was*), none of the numerous pundits on FOX and MSNBC have ever worked on Capitol Hill. They don’t really understand the process. Karl Rove** worked …
The Pundits Missed The Real Story Of The Election Read More »
Source: http://www.realityzone.com/currentperiod.html State Attorney Generals are investigating ‘Foreclosuregate,’ but no prosecutions for wrongdoing are being considered. The focus, instead, is on how to keep homeowners in their homes and how to keep the banks in business. In the aftermath of the S&L fraud of the 1980s, there were over a thousand felony convictions. The recent …
Oct, 21, 2010 – Federal agents have arrested Frederick Darren Berg, the founder of the failed Meridian Group mortgage investment funds, on new charges of wire fraud and bankruptcy fraud after learning that he apparently tried to hide money from bankruptcy officials and federal prosecutors. http://seattletimes.nwsource.com/html/businesstechnology/2013225668_berg22m.html
Here are the 10 top reasons a person votes for Democrats. If you have a friend, or friends who vote for Democrats, but can’t explain why they vote that way, pass this list on to them and they will be sure to find the reason why. 10. I vote Democrat because I believe oil companies’ …
“I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes… You will not see any of your taxes increase one single dime.” — …
Are You Prepared For The Largest Tax Hikes In The History Of The U.S.? Read More »
The U. S. Constitution was written in 1787. That year Alexander Tyler, a history professor at the University of Edinburgh, Scotland, made this observation based upon his study of the history of nations: “A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to …
Federal prosecutors charged Frederick Darren Berg, the founder of the failed Meridian Mortgage investment funds of Seattle, with 10 counts of wire fraud and money laundering Thursday, alleging he conducted a long-running Ponzi scheme that raised more than $350 million for purported mortgage investments but actually funneled millions of dollars to himself. Story: http://seattletimes.nwsource.com/html/businesstechnology/2013164237_bergcharges15.html
UPDATED 12/1/10 I’ve published an analysis of the SAFE Act, How The SAFE Act Affects Seller Carryback Notes: Strategies For Note and Real Estate Brokers & Investors. It addresses questions such as: * Do you need a license? * How does the SAFE Act affect you if you want to buy, create or broker seller …
Robert Veres, editor of the Inside Information financial-planning newsletter, recently asked his subscribers to estimate long-term future stock returns after inflation, expenses and taxes. Several dozen leading financial advisers responded. Although some didn’t subtract taxes, the average answer was 6%. A few went as high as 9%. Historically, inflation has eaten away three percentage points …
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