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George H. W. Bush

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An Alleged Scheme to Pay Off the Last One

Some investment guy holed up in Florida claims he can get Facebook, LinkedIn, Groupon and Zynga stock before these companies go public. All he needs to buy this stuff is your money. Sound like a deal? Manhattan's U.S. Attorney Preet Bharara had a 71-year-old Odessa, Fla., man arrested on Tuesday for making this promise as part of a scam. "Craig Berkman seized on the interest in a highly coveted investment opportunity to swindle investors out of millions," Mr. Bharara said in a press release announcing the arrest. Mr. Berkman was in custody and his attorney didn't return a request for comment. Mr. Berkman also faces parallel civil charges from the Securities and Exchange Commission, which were also announced on Tuesday. He allegedly told investors he had a fix on these stocks, took their money, and then converted most of it for his own use. Prosecutors estimate the alleged scheme took in about $8 million. Mr. Berkman was once a venture capitalist in Oregon, creating funds that invested ...

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  1. Businesses Sound Off on Sandy Relief Bill, Vote

    Those hit by hurricane Sandy got one step closer to rebuilding today, after Congress approved a $9.7 billion bill to help fund the Federal Flood Insurance Program. For politicians and victims of the storm, however, the vote didn’t come soon enough.

  2. George H .W . Bush Moved Out Of ICU

    Former President George H.W. Bush was moved out of intensive care and into a regular patient room at Houston's Methodist Hospital Saturday, his office announced. Bus...

  3. Former Sen. Kaufman: We Will Go Over Cliff

    Former Sen. Ted Kaufman (D-DE) on why he believes the U.S. government will go over the fiscal cliff, but resolve the budget early in 2013.

  4. Is a Bad Deal Better Than No Deal on Fiscal Cliff?

    Former Pres. George H . W . Bush Economic Policy Director Todd Buchholz, Real Clear Politics National Reporter Erin McPike and Southern Company CEO Thomas Fanning on the fiscal cliff negotiations.

  5. Higher Taxes Part of Any Fiscal Cliff Deal?

    Former Pres. George H . W . Bush Economic Policy Director Todd Buchholz, Real Clear Politics National Reporter Erin McPike and Southern Company CEO Thomas Fanning on efforts to make progress on a deal to avoid the fiscal cliff.

  6. The Cliff and Your Cash

    Barbara Raasch, RCL Advisors co-founder, on how the fiscal cliff stands to impact taxpayers.

  7. Former President George H . W . Bush Hospitalized

    Former President George H. W. Bush is being treated at a Houston hospital for complications related to bronchitis and is in stable condition, the hospital said on Th...

  8. Miss. Objects Obamacare, Goes Ahead With Insurance Exchanges

    Governor Phil Bryant, (R-Miss.), on plans for setting up health-insurance exchanges.

  9. East Coast Residents Set to Get Slammed by a Tax Disaster

    Residents of the north Atlantic seaboard that are still trying to cope with the devastation of hurricane Sandy are in the crosshairs of yet another costly storm. But...

  10. Sandy Stirs Up Misleading Economic Arguments

    Economists and analysts are now debating whether Hurricane Sandy will add to economic growth, comparing the aftermath to Hurricane Katrina. Be wary of misleading eco...

  11. What is Romney’s Foreign Policy?

    Former Governor John Sununu previews the foreign policy debate.

  12. An Obama Victory Could Spark These ETFs

    Investors know that Election Day is just a few weeks away and they know financial markets will let the world know if the outcome is desirable right away. Some sector...

  1. State of the Union Often Elicits Yawn from Wall Street

    There is no doubt traders will be looking for policy clues in President Barack Obama's State of the Union address Tuesday night. But historically, the speech has bee...

  2. U.S. Tax Policy Hurting Entrepreneurship, Economy?

    Former White House Chief of Staff Andy Card on the need for tax and entitlement reform.

  3. Why the Deficit is a Middle-Class Issue

    Former Sen. Bob Bennett, (R-Utah), and former Sen. Bob Kerrey, (D-Neb.), on the need to rein in government spending.

  4. Obama: The Best President for Wall Street?

    As President Barack Obama officially kicks off his second term in the White House, equity investors are hoping stock prices repeat their performance during his first...

  5. Economy Not a Priority for Obama?

    Former White House Economic Advisor Todd Buchholz on the economic outlook.

  6. Obama Calls for Action to Fight Global Warming

    FNC senior judicial analyst Judge Andrew Napolitano on the push for green energy in an effort to stop global warming.

  7. Obama Considers 19 Executive Actions on Gun Control

    FNC senior judicial analyst Judge Andrew Napolitano on Obama’s push for greater gun control and potential use of executive orders.

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