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Old February 18th 09, 02:15 AM posted to rec.games.chess.politics
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Default Another Financial Scam

The Feds shut down Stanford Financial in Houston today. Looks like
another Ponzi scheme. We recently had one shut down here in Sarasota,
about $350 milliom "run" by Art Nadal. They call it a mini-Madoff.

(OldHaasie)
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Old February 18th 09, 03:51 PM posted to rec.games.chess.politics
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Default Another Financial Scam

On Feb 17, 9:15*pm, " wrote:
The Feds shut down Stanford Financial in Houston today. *Looks like
another Ponzi scheme. *We recently had one shut down here in Sarasota,
about $350 milliom "run" by Art Nadal. *They call it a mini-Madoff.

(OldHaasie)


This goes on all the time. The news services are picking it up now
because it is topical and sidebars with the Madoff stuff. But, in good
years and bad these schemes are exposed. Just not as large as Madoff's
operation.
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Old February 18th 09, 07:42 PM posted to rec.games.chess.politics
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First recorded activity by ChessBanter: Feb 2009
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Default Another Financial Scam

On Feb 18, 10:51*am, None wrote:
On Feb 17, 9:15*pm, " wrote:

The Feds shut down Stanford Financial in Houston today. *Looks like
another Ponzi scheme. *We recently had one shut down here in Sarasota,
about $350 milliom "run" by Art Nadal. *They call it a mini-Madoff.


(OldHaasie)


This goes on all the time. The news services are picking it up now
because it is topical and sidebars with the Madoff stuff. But, in good
years and bad these schemes are exposed. Just not as large as Madoff's
operation.

===================
Yes, of course you are right about that. Just go to the SEC's web
site and look at the ongoing and ever growing list of enforcement
actions. (OldHaasie)

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