Great financial scandals

Business of Bernarda Medoffa became the present bomb for mass-media. The largest financial scandal during the last years. The person to whom entirely trusted, actually has appeared the usual swindler. However, the word “usual” here is not absolutely true. All the same, frauds of Medoffa are estimated in the sum approximately in 65 billion dollars.

However, Medoff not one such. In the history there is a set of examples of financial swindle. As large about which spoke all over the world, and absolutely small which have not outgrown even local level. We will talk today about the largest in the history financial frauds.

Charles Pontsi

Year when it became known the public: approximately 1920

Approximate losses: 20 million dollars (do the amendment for a while then it was much)

Charles Pontsi is the author well-known «schemes of Pontsi» and, it is possible to tell, the ancestor of financial pyramids. It all life was the financial swindler. And after death it капитали has constituted only 45 dollars which has sufficed only on funeral. For the swindle of Pontsi has founded company Securities and Exchange Company. The fraud essence was enough simple. Понци has taken advantage of lack of information of company. As a matter of fact, all information on how he was going to earn, was in open access and if though someone has wanted it to check up, to Charles not поздоровилось. But people are trustful – and nobody began to check this information from the very beginning (have come round all then). read more

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Top Professional Trader Smita Sadana

In the movie Crouching Tiger, Hidden Dragon, actress Michelle Yeoh plays a master warrior of ancient martial arts. At the end of the film, she confronts her protege and instructs her with the ultimate secret to success: to remain true to herself. Professional trader Smita Sadana offers us the same sage wisdom for investing and trading.

Smita has delivered a 43% compounded annual gain over the last 11 years. During the same period, the S&P500 index is virtually unchanged. Her accomplishments make her one of the greatest individual traders — and possibly the best female trader — on Wall Street. My interview with Smita was like living through a passage from Jack Schwager’s classic trading book Market Wizards. Smita enlightened me on dealing with emotions, risk management, and the art of discipline.

Smita is another Wall Street professional who is praised for both her skills and her character. In 2004, she lost her father to a tragic murder over a petty sum of money. As a testament to her admirable nature, she used this event to reevaluate her life and dedicate new energies to helping others through financial education. Her firm TraderVantage perpetuates her mission.

I wish I could say successful women on Wall Street are equal in number to the successful men. However, if Smita has anything to do with this issue, there will be an unprecedented amount of women following in her footsteps soon enough. read more

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Soon to open site

Greetings, I am glad to see you on the site devoted to trade on NYSE. It is the English version of my site which I lead for Russian traders. While there is an adjustment and preparation of a material for the publication.

Be signed on mine RSS what to be the first visitors of a site for an English-speaking audience. There will be a lot of an interesting material about that as I trade on NYSE and I do money.

For now look video about that as it is necessary to trade and gain money:

My blog find on following phrases:

• texaco bankruptcy
• ny stock exchange trades
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• ford motor warrants
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