Louisiana Authorities Ring Up Allegedly Crooked Baseball Coach

Selling investments is what they know, and they keep right on doing it, without a license.

I coached baseball for ten years. It was the best decade of my life up to that point. The memory of teaching life lessons through the best game in the world is among my most cherished. Baseball helped turn my sons and their teammates into productive young men, and it introduced my family to the people we still consider our closest friends years after our kids moved on to college. That’s why the story that I write about today caught my eye. According to NOLA.com: (more…)

The Left End of the Competency Curve

I could fill another book with stories of scams in which licensed attorneys and CPAs were involved.

Investors often take comfort in knowing that the company they are investing in has a lawyer. The presence of counsel gives them confidence that the investment is legitimate. After all, would a member of the Bar risk his or her license by being involved with a scam? Unfortunately, the answer to that question depends upon where on the curve of attorney competency the lawyer falls. As in every other line of work, there are excellent attorneys, there are highly competent attorneys, and there are those on the far left of the curve who are either in over their heads or just plain incompetent. Last week, the SEC took action against one attorney who it would place on the far left of that curve. According to an article in Corporate Counsel: (more…)

Louisiana Authorities Nab Alleged Ponzi Operator

In a move that illustrates the importance of state securities regulators, Louisiana prosecutors charged William J. Chaucer of Ponchatoula, Louisiana with operating a Ponzi scheme that raised more than $11 million from at least 200 investors.  Chaucer is in jail awaiting a hearing on bond.

In a move that illustrates the importance of state securities regulators, Louisiana prosecutors charged William J. Chaucer of Ponchatoula, Louisiana with operating a Ponzi scheme that raised more than $11 million from at least 200 investors.  Chaucer is in jail awaiting a hearing on bond.

(more…)

 
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