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On Thursday, the SEC levied fraud charges against Patrick Carter, his company 808 Renewable Energy Corp, three other individuals, and three other firms for defrauding investors in Carter’s California-based renewable energy company. 808 Renewable was formed in 2009, with a mission to manage combined heat and power renewable energy projects, and with “the goal to help America focus on renewable and green energy solutions in order to reduce dependance on foreign oil,” reads the SEC’s filing. Renewable energy production is a noble goal, which makes allegations that Carter and the case’s defendants raised over $30 million in fraudulent and unregistered offerings from 2009 through 2014 even more of a shame

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It’s been years since investors have been able to get excited about the term ‘yield’ when referencing their investment portfolio. Too many individuals have been hanging onto cash while searching fruitlessly for somewhere other than equities to put their money to work. Advisors haven’t been much help in this effort either, often acknowledging that, unless and until something interesting presents itself, sidelining a pile of cash might not be the worst plan in prudent money management

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  November has been, at least thus far, a month of surprises. You know that curse on the Chicago Cubs? Surprise! They won the World Series. Didn’t I just see a Facebook post on a local norovirus (aka the stomach flu) outbreak? Surprise! I temporarily had to rename myself Vomitola Khomeni – and finally found

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The FBI arrested film-producer David R. Bergstein this Wednesday on charges that he and his partner Keith D. Wellner defrauded investors of more than $26 million through three separate Cayman Island-exempted hedge funds in 2011 and 2012. An indictment unsealed in a Manhattan federal court this week detailed Bergstien and Wellner’s scam, revealing how Bergstien used his ill-gotten gains to fund an excessively opulent lifestyle

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