South Florida--WORLD WIDE FRAUD CAPITAL

marketsurfer · Mar 20, 2007

as if we didn't know, south florida is ranked as the #1 commodity fraud capital.

http://www.sun-sentinel.com:80/business/local/sfl-zcftc13mar13,0,2301970.story?track=rss

surf

nkhoi · Mar 20, 2007

no teeth, Michael Dunn dare not name names

Dunn: For example, one individual started back in the '90s as an associate broker. The company he worked for got shut down.

Wade Cook and Kim brother to start.

ybfjax · Mar 20, 2007

Quote from marketsurfer:

as if we didn't know, south florida is ranked as the #1 commodity fraud capital.

http://www.sun-sentinel.com:80/business/local/sfl-zcftc13mar13,0,2301970.story?track=rss

surf

Thanks for the post. Interesting stuff. So how do you know for sure which forex dealers to open accts with? It seems that being registered with the NFA/CFTC is not enough.

ByLoSellHi · Mar 20, 2007

A lot of it has to do with their bankruptcy laws. They let you shelter your house, even mansion, from creditors.

That's why OJ is down there, and bunch of the corporate vermon that have been indicted and convicted of stealing from their companies still have massive, sprawling estates down there.

JamesVU2000 · Mar 20, 2007

Read some of Carl Hiaasens books about South Florida. He has lived there his whole life and convinced its the weirdest place on earth.

jem · Mar 20, 2007

Quote from ByLoSellHi:

A lot of it has to do with their bankruptcy laws. They let you shelter your house, even mansion, from creditors.

That's why OJ is down there, and bunch of the corporate vermon that have been indicted and convicted of stealing from their companies still have massive, sprawling estates down there.

I believe the rationale behind this law is that fla did not want old retired homeless people. so they say you can protect your homestead from creditors. Perfectly valid policy. Perhaps they should limit the size of the homestead protection. Then again maybe not.

EPrado · Mar 20, 2007

Quote from JamesVU2000:

Read some of Carl Hiaasens books about South Florida. He has lived there his whole life and convinced its the weirdest place on earth.

I moved down here from Chicago years ago. This place is at times like The Twilight Zone.

As far as all the fraud. Well....you have probably the wealthiest areas in the country (Palm Beach) here. A lot of very rich people who are not the brightest and are easy marks. That draws in the scam artists. Then again, people who dont do their research and believe the "guaranteed 100 percent return", then invest, probably deserve to be parted with their money.

If you can get past the bullshit that goes on down here, is a great place to live.

marketsurfer · Mar 20, 2007

Quote from ybfjax:

Thanks for the post. Interesting stuff. So how do you know for sure which forex dealers to open accts with? It seems that being registered with the NFA/CFTC is not enough.

they are not talking about FX dealers, rather they mean FX commodity pool operators and others of that ilk.

surf

ByLoSellHi · Mar 20, 2007

Boca Raton HAS to be one of the biggest fraud epicenters in the world. I've visited there often, and it gets stranger and stranger each time I go.

ElCubano · Mar 20, 2007

they say that when Cubans leave Cuba and land here in Miami they are handed a booklet "MEDICARE FRAUD 101" as a guideline to their new employment opportunity....

they even bus them to their appointments....