False Sense Of Security

Can Your Edward Jones Financial Advisor Really Serve Your Best Interests?

"Edward Jones agreed, without admitting any wrongdoing, to a $75 million regulatory settlement with the SEC for allegedly failing to disclose that it received tens of millions of dollars from preferred mutual fund partners each year on top of commissions and other fees. Investors shouldn't need to worry that they're getting fleeced by the very person who's being paid to advise them. Investors are at greater risk of being taken advantage of when their advisor is not required to put them first, has strong economic incentives to generate fees, and doesn't need to disclose those conflicts of interest in a particularly clear way." Continue reading →

Continue ReadingCan Your Edward Jones Financial Advisor Really Serve Your Best Interests?

Wire Fraud: A Terrifying New Trend Targeting Financial Advisors

"A disturbing new trend is that some thieves are beginning to directly target financial advisors and their clients – as famous bank robber Willie Sutton noted, if you want to get rich by stealing, go to where the money is! Accordingly, financial advisors and investment custodians have seen a noticeable increase in attempts at fraudulent wire transfers by 'spoofing' – where a request sent 'from the client' is actually a spoof from a fake-but-similar email account (or sometimes is even the client’s actual account!), and asks the advisor to process a wire transfer to a third party bank account. By the time anyone realizes the request was fake, the money is already gone." Continue reading →

Continue ReadingWire Fraud: A Terrifying New Trend Targeting Financial Advisors

Maryland cop probed for installing camera in boys’ school bathroom

"A police officer in Maryland has had his 'police powers' suspended after he was accused of installing a camera in the boy’s restroom at Glen Burnie High School. A spokesperson for the Anne Arundel County Police on Thursday confirmed that the 14-year veteran had installed the camera, according to WJZ. Details of what had been recorded and why were being investigated. Police said that a boy discovered the hand-held camera in the top corner of the restroom and reported it to school officials on Wednesday morning. 'We do not know that the officer’s intentions were,' Lt. T.J. Smith explained." Continue reading →

Continue ReadingMaryland cop probed for installing camera in boys’ school bathroom

Peter Schiff: Cyprus Lifts the Curtain

"The decision to inflict pain on both large and small depositors was almost universally described as a historic blunder. But the mistake was to do so in a manner that was not camouflaged by financial smoke and mirrors. In truth, rank and file depositors have been paying, and will continue to pay, for all manner of bailouts and stimulus. Whether it's through lower interest payments on deposits, inflation, higher taxes, higher borrowing costs, or the accumulation of unsustainable sovereign debt, Cypriots will bear the burden of past profligacy. But the new plan for Cyprus was far too transparent, simple, and direct to survive in a world dependent on deceit and obfuscation." Continue reading →

Continue ReadingPeter Schiff: Cyprus Lifts the Curtain

Cyprus risks euro exit after EU bailout ultimatum

"The European Union gave Cyprus till Monday to raise the billions of euros it needs to secure an international bailout or face a collapse of its financial system that could push it out of the euro currency zone. Trying to placate its lenders, the government proposed to parliament a 'solidarity fund' that would bundle state assets, including future gas revenues, as the basis for an emergency bond issue, likened by JP Morgan to 'a national fire sale'. It also sought the power to impose capital controls on banks, a type of measure unseen since before the country joined the single currency bloc five years ago." Continue reading →

Continue ReadingCyprus risks euro exit after EU bailout ultimatum

New York man released after being wrongly imprisoned for 23 years

"A New Yorker was freed Thursday after serving more than 20 years in prison for the murder of a rabbi that the authorities now say he did not commit. David Ranta was sentenced to 37 years behind bars after being convicted in 1991 of killing an Orthodox Jewish rabbi during a botched robbery. He always maintained his innocence. The Brooklyn District Attorney’s Office announced an internal probe had found evidence unavailable during the trial that cleared the imprisoned man." Continue reading →

Continue ReadingNew York man released after being wrongly imprisoned for 23 years

‘Poet climber’ sidesteps security and scales U.S. embassy in Paris

"A self-styled 'poet climber' on Thursday managed to sidestep security and climb on to the roof of the US Embassy building in Paris. Herve Couasnon, whose previous stunts have included sneaking into France’s National Assembly and a nuclear power station, told AFP by phone from the roof that he wanted to meet Barack Obama, give the president his CV and talk peace — a reference to Obama’s ongoing Middle East trip." Continue reading →

Continue Reading‘Poet climber’ sidesteps security and scales U.S. embassy in Paris

Crime Lab Scandal Leaves Mass. Legal System In Turmoil

"A scandal in a Massachusetts crime lab continues to reverberate throughout the state's legal system. Several months ago, Annie Dookhan, a former chemist in a state crime lab, told police that she messed up big time. Dookhan now stands accused of falsifying test results in as many as 34,000 cases. As a result, lawyers, prosecutors and judges used to operating in a world of 'beyond a reasonable doubt' now have nothing but doubt. Already, hundreds of convicts and defendants have been released because of the scandal. Now, the state's highest court may weigh in on how these cases should be handled." Continue reading →

Continue ReadingCrime Lab Scandal Leaves Mass. Legal System In Turmoil

Will Grigg: “Ominous Threats” and Murderous Zeal

"That description was not applied to the masked, armor-clad Berserkers who kick down doors in the early morning or late at night and terrorize families over non-violent 'offenses.' Nor was it offered in reference to the militants who have purchased more than 1.6 billion rounds of ammunition -- much of it hollow-point rounds unsuitable for military use -- while distributing armored vehicles and other military hardware to their adherents in practically every city nation-wide. The Times didn't direct that rhetorical salvo at the people who are openly discussing plans to fill America's skies with robot planes that can -- and will -- be used as weapons platforms." Continue reading →

Continue ReadingWill Grigg: “Ominous Threats” and Murderous Zeal

Colorado corrections department chief killed at his home

"Authorities in Colorado are looking for suspects in the shooting death of the director of the state department of corrections, Tom Clements, at his home Tuesday night. KCNC-TV reported Wednesday morning that Clements was shot while answering the front door of his home in Monument, Colorado, around 8:30 p.m. Tuesday. Though emergency reponders were called in, Clements was pronounced dead at the scene. According to The Associated Press, Clements was appointed by Hickenlooper to head the department in 2011 after working in the Missouri Department of Corrections for more than 30 years." Continue reading →

Continue ReadingColorado corrections department chief killed at his home