Sunday, September 09, 2012

According to my RSS newsfeeds, nothing whatsoever happened today.

We've been saying that CLE seminars are worth more than they cost. Here are a pair who took “How to steal and Identity” and made big bucks! (but waited too long to leave town)
"Two lawyers in Houston were able to exploit business filing systems to seize control of dormant publicly traded corporations — and then profit by pushing their worthless stock. In many states, anyone can change important information about a publicly registered company — including the corporate officers or company contact information — without any confirmation that they have anything to do with the company in the first place. Massachusetts requires a password to do this through the state registry's website, but they'll give you the password if you call and ask for it. Long focused on individual ID theft, state governments are finally beginning to realize that corporate ID theft is a huge problem as well."
[From the article:
In all, the scheme raked in close to $100 million through bogus stock sales of 54 separate firms to gullible investors, mostly in the UK, before regulators and law enforcement got wise to it.

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