Although the final legal shoe appears to have dropped in an $850,000 settlement between broker Michael Horowitz and the Securities and Exchange Commission (SEC) in an illegal $80 million variable annuities scheme, the effects of the fraud are still being felt in Los Angeles. A...
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September 24, 2014 | 10:11 am
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Since the 1990s, Rabbi Harold Ten has been helping gravely ill Jews and their families navigate the health care system. Ten is the president of Bikur Cholim, a nonprofit that can get patients kosher meals in their hospital rooms or provide them with free loans of medical equipment....
March 28, 2013 | 7:30 am
John Farahi, a popular Iranian-Jewish radio talk-show host and investment adviser, was sentenced in U.S. District Court on March 18 in downtown Los Angeles to 10 years in federal prison for operating a multi-million-dollar Ponzi scheme against local Iranian-Americans. Farahi, 56,...
April 16, 2012 | 10:02 am
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December 12, 2008 | 5:02 pm
Bernard Madoff at a 2007 roundtable discussion with Justin Fox, Ailsa Roell, Robert A. Schwartz, Muriel Seibert, and Josh Stampfli.
"It's all just one big lie."
With those words Bernard Madoff confessed to senior executives of Bernard L. Madoff Investment Securities that the $17...
October 13, 2008 | 7:35 pm
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