Bernie Madoff has to rank among the top two or three most infamous financial hucksters of our time, if for no other reason than A: The retroactively obvious wordplay of his last name ("he 'Madoff' with all my money," etc), and B: The sheer scale and scope of his long-running Ponzi scheme. He took more than 24,000 people over the course of his career in financial misdeed, and after his conviction, the US government set up the Madoff Victim Fund as a way to try and compensate their losses. Read More...
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I saw this headline over the weekend and thought of my friend whose son has Type 1 diabetes. I hope this is as good as it sounds. Mark Cuban, the billionaire entrepreneur, launched an online pharmacy that promises to make prescriptions affordable. The company, called Mark Cuban Cost Plus Drugs Company, is selling generic drugs at wholesale prices to the public. By cutting out the middlemen, Cuban will pass the savings on to the consumer, collecting a flat 15% fee and a $3 pharmacist fee. Read More...