I just returned from Chicago and am back in the saddle again, so to speak. I am rady to start blogging again after my little hiatus. It has been reported that hedge fund manager Mike Lauer has been convicted of swindling investors over the course of several years for over half a billion dollars. Yes you heard that one right. It seems that all of those million could not buy him an Attorney who could get him off. How very sad indeed.
The Judge on this case found in a sixty-seven page order that Lauer had essentially tweaked and twisted the prices of 7 seperate securities. These were a large part of the funds portfolios, which he did not provide a basis for such very steep valuations. The Judge in question also found that he was untruthful, to put it charitably, to investors about the hedge funds holdings. In plain english you might even say that he lied through his teeth, but this case is not for me to sit here and judge. In any event, a head of the Lancer Management Group, his moves were ruled to be highly premeditated and directly caused the loss of millions and millions of dollars worth of investor’s hard earned money. I realize that no one really suffered personal bodily injury per say but what about the emotional scars? I mean, it is nothing personal, right?
All in all, a ruling has not been given on the amount that Lauer will have to pay back to his victims. That amount is pending an evidentiary hearing and a fine amount decided by the Securities Exchange Commission which has to be made within sixty days or so. By the way if you happen to live in Chicago or the surrounding region and need a top drawer
Chicago Personal Injury Attorney then I strongly wish to suggest the Budin Law offices as he is one of the finest Chicago Personal Injury Attorney around that whole area. You can call him for a personal consultation. Alright now back to the story at hand.
The criminal trial for Lauer will begin in April for the charges in the hedge fund and according to his lawyer stated that Lauer will be pleading not guilty and will fight the charges at trial. The Attorney who is representing Lauer is one Norman Moscowitz.
Following a news headline on the web that Steve Jobs of the Apple corporation, maker of the iPhone and the famous iPod, had suffered a heart attack send Apple’s stock diving. the technology giant quickly verified that this was indeed false and asked why their stock closed down just over three percent points. Such as is the wild and wacky world of technology securities. i really like the iPod and iPhone but I feel the latter can be difficult to repair at times. I mean, I suppose it is good to find a top rated iPhone repair service such as Ubreakifix, for example.All in all, it can be slow at the main office if you have a cracked or water damage and need the iPhone repair overall. the web report in question claimed that Jobs had been rushed to an emergency room after suffering a severe heart attack appeared on iReport.com and unfortunately, triggered many of Apple’s investors to panic. This false report then caused Apple to see the lowest stock closing it has seen in some seventeed months or so. The panic during the day of trading due to the false report proved that shareholders feel that Jobs is the Apple Corporation, according to reports that have come out since the event. All of this comes at a turbulent period when the Fisnnish mobile technology titan Nokia will be competing with Apple in a key sector. They just released their 5800 Xpressmusicphone which will compete in the digital music sector that Apple is currently the king of. And you have to love the iPhone too, baby yeah.
This particular phone will be available to customers free when they sign a service contract, which will place a certain amount of pressure on the vaunted iPhone. According to Jo Harlow who is the head of the phones, they think that they will listed with the majority of the mobile firms. meanwhile in related news it was announced that Apple and Adobe will be teaming up on a new project. They will be jointly developing a flash player for the iPhone. However it should be noted that it may not actually be seen anytime soon since Flash can sometimes cause CPU overload on smartphones, and that means that until it is a firmware that will work well with the iPhone Apple will not be offering Adobe’s Flash. But it is in the works, no neeed for a repair..
