The system is thr problem. MM's have operated with little or no cks and balances. The SEC has done little at the company level unless there is a public outcry that brings light to a specific individual or group. Yhe dude Goldenburg that JJ write about was outted by an article titled "The Mob on Wall Street" by Gary Weiss. I believe the article ran in 1997 or so. Google it. It's a fun read. The FBI started monitorin this dude because of the article. They finally caught him as part of a huge sting. He met in Vegas with undercover agents posin as MM's that he tried to bribe. Dozens of perps were prosocuted in that sing. Guess where the whole bunch was located besides NY. Right down there with JJ in S. Florida. Boca Raton. If anyone wants ta hear more about this specific sht just ask. You can bet I have a lotta details. Goldenburg started First Colonial Ventures which became Nova Communications and now is Encompass Holdings. JJ's in a desperate attempt to bring them into the discussions on this board for a reason. See if ya can Envision why. I'm all for it but stayed away from that because this is the NIR board.
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