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Harry Markopolos
Harry M. Markopolos (born October 22, 1956) is an American former securities industry executive and a forensic accounting and financial fraud investigator. From 1999 to 2008, Markopolos uncovered evidence that suggested that Bernie Madoff's wealth management business was a huge Ponzi scheme. In 2000, 2001, and 2005, Markopolos alerted the U.S. Securities and Exchange Commission (SEC) of his views, supplying supporting documents, but each time the SEC ignored him or gave his evidence only a cursory investigation. Madoff was finally revealed to be a fraud in December 2008, when his sons contacted the Federal Bureau of Investigation. After admitting to operating the largest private Ponzi scheme in history, Madoff was sentenced in 2009 to 150 years in prison. In 2010, Markopolos's book on uncovering the Madoff fraud, '' No One Would Listen: A True Financial Thriller'', was published. Markopolos has criticized the SEC for failing to discover the Madoff fraud despite repeated tips, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Erie, Pennsylvania
Erie (; ) is a city on the south shore of Lake Erie and the county seat of Erie County, Pennsylvania, United States. Erie is the fifth largest city in Pennsylvania and the largest city in Northwestern Pennsylvania with a population of 94,831 at the 2020 census. The estimated population in 2021 had decreased to 93,928. The Erie metropolitan area, equivalent to all of Erie County, consists of 266,096 residents. The Erie-Meadville combined statistical area had a population of 369,331 at the 2010 census. Erie is roughly equidistant from Buffalo and Cleveland, each being about 100 miles (160 kilometers) away. Erie's manufacturing sector remains prominent in the local economy, though insurance, healthcare, higher education, technology, service industries, and tourism are emerging as significant economic drivers. As with the other Great Lakes port cities, Erie is accessible to the oceans via the Lake Ontario and St. Lawrence River network in Canada. The local climate is humid, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wiley (publisher)
John Wiley & Sons, Inc., commonly known as Wiley (), is an American multinational publishing company founded in 1807 that focuses on academic publishing and instructional materials. The company produces books, journals, and encyclopedias, in print and electronically, as well as online products and services, training materials, and educational materials for undergraduate, graduate, and continuing education students. History The company was established in 1807 when Charles Wiley opened a print shop in Manhattan. The company was the publisher of 19th century American literary figures like James Fenimore Cooper, Washington Irving, Herman Melville, and Edgar Allan Poe, as well as of legal, religious, and other non-fiction titles. The firm took its current name in 1865. Wiley later shifted its focus to scientific, technical, and engineering subject areas, abandoning its literary interests. Wiley's son John (born in Flatbush, New York, October 4, 1808; died in East Orange, New Jer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chief Investment Officer
The chief investment officer (CIO) is a job title for the board level head of investments within an organization. The CIO's purpose is to understand, manage, and monitor their organization's portfolio of assets, devise strategies for growth, act as the liaison with investors, and recognize and avoid serious risks, including those never before encountered. Usage in the United States of America According to a press release on October 22, 2008, the United States Department of the Treasury named James H. Lambright to serve as the interim chief investment officer for the Troubled Asset Relief Program. "He will provide counsel to Secretary Henry M. Paulson, Jr. and Interim Assistant Secretary for the Office of Financial Stability Neel Kashkari as they develop and implement the program." Whenever the role of the chief investment officer is active within an insurance company (either life or non-life) and/or pension fund, the role is to manage and coordinate the investment, liquidity (trea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Option (finance)
In finance, an option is a contract which conveys to its owner, the ''holder'', the right, but not the obligation, to buy or sell a specific quantity of an underlying asset or instrument at a specified strike price on or before a specified date, depending on the style of the option. Options are typically acquired by purchase, as a form of compensation, or as part of a complex financial transaction. Thus, they are also a form of asset and have a valuation that may depend on a complex relationship between underlying asset price, time until expiration, market volatility, the risk-free rate of interest, and the strike price of the option. Options may be traded between private parties in ''over-the-counter'' (OTC) transactions, or they may be exchange-traded in live, public markets in the form of standardized contracts. Definition and application An option is a contract that allows the holder the right to buy or sell an underlying asset or financial instrument at a specified strike ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boston
Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- most populous city in the country. The city boundaries encompass an area of about and a population of 675,647 as of 2020. It is the seat of Suffolk County (although the county government was disbanded on July 1, 1999). The city is the economic and cultural anchor of a substantially larger metropolitan area known as Greater Boston, a metropolitan statistical area (MSA) home to a census-estimated 4.8 million people in 2016 and ranking as the tenth-largest MSA in the country. A broader combined statistical area (CSA), generally corresponding to the commuting area and including Providence, Rhode Island, is home to approximately 8.2 million people, making it the sixth most populous in the United States. Boston is one of the oldest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Portfolio Manager
A portfolio manager (PM) is a professional responsible for making investment decisions and carrying out investment activities on behalf of vested individuals or institutions. Clients invest their money into the PM's investment policy for future growth, such as a retirement fund, endowment fund, or education fund. PMs work with a team of analysts and researchers and are responsible for establishing an investment strategy, selecting appropriate investments, and allocating each investment properly towards an investment fund or asset management vehicle. Model In the 1950s, Harry Markowitz, an American economist, developed the modern portfolio theory. Jack Treynor (1961, 1962), William F. Sharpe (1964), John Lintner (1965) and Jan Mossin (1966) later build the Capital Asset Pricing Model (CAPM) on the theory of Markowitz. Nowadays, the CAPM is one of the primary portfolio management tools. The formula calculates the potential return percentage of an investment vehicle based on its vest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Darien, Connecticut
Darien ( ) is a coastal town in Fairfield County, Connecticut, United States. With a population of 21,499 and a land area of just under 13 square miles, it is the smallest town on Connecticut's Gold Coast. It has the youngest population of any non-college town in Connecticut, a high rate of marriage, and high number of average children per household. Darien is also one of the wealthiest communities in the U.S. Situated on Long Island Sound between the cities of Stamford and Norwalk, the town has relatively few office buildings. Many residents commute to Manhattan, with two Metro-North railroad stations - Noroton Heights and Darien - linking the town to Grand Central Terminal. For recreation, the town boasts eleven parks, two public beaches, the private Tokeneke beach club, three country clubs including the first organized golf club in Connecticut, a riding & racquet club, the public Darien Boat Club, and Noroton Yacht Club. History According to early records, the first c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wall Street
Wall Street is an eight-block-long street in the Financial District of Lower Manhattan in New York City. It runs between Broadway in the west to South Street and the East River in the east. The term "Wall Street" has become a metonym for the financial markets of the United States as a whole, the American financial services industry, New York–based financial interests, or the Financial District itself. Anchored by Wall Street, New York has been described as the world's principal financial center. Wall Street was originally known in Dutch as "de Waalstraat" when it was part of New Amsterdam in the 17th century, though the origins of the name vary. An actual wall existed on the street from 1685 to 1699. During the 17th century, Wall Street was a slave trading marketplace and a securities trading site, and from the early eighteenth century (1703) the location of Federal Hall, New York's first city hall. In the early 19th century, both residences and businesses occupied the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Association Of Certified Fraud Examiners
The Association of Certified Fraud Examiners (ACFE) is a professional organization of fraud examiners. Its activities include producing fraud information, tools and training. Based in Austin, Texas, the ACFE was founded in 1988 by Joseph T. Wells. The ACFE grants the professional designation of Certified Fraud Examiner (abbreviated CFE). Founder Joseph T. Wells founded the ACFE and is its chairman. After graduating from the University of Oklahoma, he worked for ten years with the Federal Bureau of Investigation, during which time he investigated the former Attorney General John N. Mitchell's involvement in Watergate. In addition to his duties as chairman, Wells writes, researches and lectures to business and professional groups on white-collar crime issues. He has written books and articles on fraud prevention and detection. His writings appear in professional journals. Global Fraud Conference With companies losing up to 5% of annual revenue to occupational fraud, the ability ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Master Of Finance
The Master of Finance is a master's degree awarded by universities or graduate schools preparing students for careers in finance. The degree is often titled Master in Finance (M.Fin., MiF, MFin), or Master of Science in Finance (MSF in North America, and MSc in Finance in the UK and Europe). In the U.S. and Canada the program may be positioned as a professional degree. Particularly in Australia, the degree may be offered as a Master of Applied Finance (MAppFin). In some cases, the degree is offered as a Master of Management in Finance (MMF). More specifically focused and titled degrees are also offered. Structure MSF and M.Fin / MSc programs differ as to career preparation and hence degree focus — with the former centered on financial management and investment management, and the latter on more technical roles [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Erie Times-News
The ''Erie Times-News'' is a daily morning newspaper in Erie, Pennsylvania. It has a daily circulation of about 47,385 and a Sunday circulation of about 58,378. The beginning The newspaper was founded as the ''Erie Daily Times'' on April 12, 1888, by nine printers involved in a labor dispute at another newspaper. They each invested $25 to establish the Times Publishing Company, which was initially located in a cellar at the corner of 9th Street and State Street. John J. Mead Sr., one of the founders, eventually bought out his partners. The Mead family headed the newspaper until August 2003. The newspaper relocated to West 10th Street and Peach Street on April 12, 1924. One company, two newspapers The Times Publishing Company bought out the rival ''Erie Dispatch Herald'' in 1956 and co-located the two staffs in 1957 in the ''Dispatch Heralds building at East 12th and French streets. On January 7, 1957, the ''Erie Morning News'' made its debut. The Times Publishing Company built ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cathedral Preparatory School
Cathedral Preparatory School (often referred to simply as Prep) is a private, Roman Catholic, college-preparatory high school for boys in Erie, Pennsylvania, United States. It was established in 1921 by Archbishop John Mark Gannon and is located in the Roman Catholic Diocese of Erie. History On Friday, August 12, 1921, Bishop John Mark Gannon summoned the pastors of Erie's twelve parishes to meet to discuss the "lack of Catholic education for high school boys in the city." "Many Catholics," he claimed, "although highly intelligent and deserving, were denied the chance to receive a preparatory education because they were poor." His goal was to establish a school that "provided the moral, intellectual, social, and physical training designed to prepare (men) to live in our democratic society..." thus, the Cathedral Preparatory School for Boys was established in the fall of 1921. The new school's location was in the hastily remodeled basement of St. Peter's Cathedral. The faculty ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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