Wednesday, February 8, 2012

More Strip Clubs, Private Jets and Ponzis

Why is it that every story about fraudsters has something like this in the story?
From Patrick (covering Ponzi schemes and internet crime):
...“Credit card and bank records show that Martin spent more than $1 million at a strip club and restaurants, nearly $1 million at elite hotels and another $1 million renting flight time on private jets,” prosecutors said.  “He purchased a fleet of luxury vehicles, donated hundreds of thousands of dollars to celebrity charity events, and hired personal security guards to accompany him in public.”...
See also:
Sept. 2010
The Dénouement: Perpetrator of $190 Million Minneapolis Foreign Exchange Ponzi Scheme Sentenced
...According to court documents made public, Cook purchased a Rolls Royce Silver Spur, a Maserati Quattroporte, a Hummer H2, a Jaguar S-Type, a Mercedes-Benz, a heavily customized Audi S8, a 60-foot houseboat (complete with a brass stripper pole), an island in Canada and a two-person submarine...
Sept. 2011
The Stripper and the Ponzi Schemer
A Holly Golightly for the Stripper-Embezzlement Age