According to several news reports, Walter Reinhardt of North Carolina, pled guilty to 40 charges of securities fraud, common law forgery and common law uttering in North Carolina yesterday.  From 2005 to 2009, Reinhardt solicited fraudulent investments for businesses he claimed were owned by someone in Richmond, Virginia.  He targeted teachers and sweet talked

The Allen Stanford alleged Ponzi scheme case is currently before the courts after years of delays.  We are finally getting to hear from witnesses and co-conspirators about what they say were the lengths undertaken to defraud Stanford’s investors.  Given the magnitude of the alleged $7 billion fraud, it would be no surprise if Stanford had