Category: Business
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6157 SEEN/
Wall Street quietly creates a way to profit from homeowner distress
By Fred Schulte
Huffington Post Investigative Fund
When Florida retiree Gladys Walker fell behind in paying taxes on her modest Pompano Beach home, she had no idea one of America’s biggest banks and a major Wall Street hedge fund engaged in frenzied bidding for the right to collect her debt—all $768.25 of it. -
Broward County balks at extending Waste Management’s $1.5 billion no-bid trash contract
By Dan Christensen
BrowardBulldog.org
Unhappy that a sweeping ten-year, $1.5 billion trash deal was negotiated without competitive bidding, Broward commissioners on Tuesday refused to approve the pact until they can justify how much residents and businesses will be charged. -
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7793 SEEN/
John Ashcroft and Tom Ridge among marquee names in suit against troubled Florida law firm
By Dan Christensen
BrowardBulldog.org
A large Florida law firm whose founding partner was suspended by the Florida Supreme Court last month for betraying clients faces more trouble from a state lawsuit alleging that its top partner in Fort Lauderdale aided a stock swindle. -
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9491 SEEN/
Regulators fine, censure Fort Lauderdale stock brokerage linked to Wexler campaign controversy
By Dan Christensen
BrowardBulldog.org
A Fort Lauderdale-based securities firm with a checkered past, and its two principal owners, have been hit with $800,000 in fines related to a pump-and-dump penny stock scheme. -
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11480 SEEN/
FBI asked questions about $150,000 campaign investment before Wexler quit
By Dan Christensen
BrowardBulldog.org
Months before popular Democrat Robert Wexler abruptly quit Congress last year federal agents interviewed two South Florida businessmen about his campaign’s unconventional $150,000 investment in a real estate venture. -
‘Victims everywhere’ in $100 million Certified Services worker’s compensation fraud
By Dan Christensen
BrowardBulldog.org
The $100 million-plus scam behind the collapse of Fort Lauderdale’s Certified Services is a classic South Florida courtroom tale of greed and woe. Hundreds of investors who bought Certified’s publicly traded stock were wiped out as insiders looted the company, buying luxury cars and diamonds. Insurance companies who did business with Certified got stiffed for tens of millions of dollars in claims.
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