Protecting Against The Madoff Scam :: Financial Scams

Protecting Against The Madoff Scam There are a few good ways to protect yourself when investing, and some of the ideas are no different from ideas on the street when we were young. First and foremost is the idea that “if it sounds too good to be true…” The number one way to protect yourself …

Update on SEC Goldman Sachs suit and Paulson bet

Why is Goldman Sachs stalling on a request from the SEC? Goldman Sachs Group Inc. will have longer to respond to the high-profile lawsuit by the Securities and Exchange Commission over disclosures regarding a collateralized debt obligation tied to subprime mortgages, a judge ruled. Apparently the CDO in question was one that caught the eye …

SEC investigators look at ratings agencies

In a pay-to-play game ratings agencies were trusted by Americans until problems becmae obvious in 2007. An SEC investigation of ratings agencies could turn up some interesting facts. While the Dow Jones Industrial Average rose almost 4 percent Monday, share prices for Moody’s Corp. tumbled 7.19 percent as investors digested confirmation of a Securities and …

Deutsche Bank, Novastar, and Saxon Mortgage Tie-in

This is an update to an earlier article about determining who the investor is relative to your mortgage serviced by Saxon Mortgage Services Inc. We received a reply from Saxon today. “Your loan is included in a pool of loans that have been securitized and are held in Trust. The Trustee is Novastar Mortgage Funding …