Posts Tagged ‘Michael McCready
Ponzi Schemes of the Week
Because I was getting tired of writing individual stories on these morons, I thought I’d consolidate all of the scandals into one big article giving you the skinny on all the greed that is fit to print… er, blog? We’re all familiar with the concept made famous by Charles Ponzi in the 1920s… use funds [...]
Beverly Hills Investment Manager Sentenced For Fraud
Michael E. McCready, a Beverly Hills investment advisor and licensed securities broker of McCready & Associates, was sentenced Monday to a nine year prison term for swindling twenty-five investors (mostly friends of his from the entertainment industry) out of $10 million. According to the lawsuit filed in 2009, McCready operated a Ponzi scheme from 2004 [...]
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