MicroGroks
Dear Governor Sununu and AG John Formella, the Office of Public Integrity, and Merrimack County DA Paul Halvorsen. I believe you all recall the findings of the FRM Ponzi Scheme Report referencing the failures of the AG’s office under Michael Delaney as well as a reference to a Ponzi scheme that was ignored.
I commend AG John Formella for being the first AG to recognize the horrors and speedy effort to set up a fund to pay the victims of abuse in the centers. However, I also have to say that the proposed fund is effectively lipstick on a pig.
We continue the conflict and discussion of New Hampshire’s FRM scandal with Mike Gill and George Lambert, but mostly Mike Gill.
What you don’t know can make for interesting radio. Our 9:30 guest arrived late. Our 10:00 guest arrived early, the latter has a problem with the former. (Fireworks!) George Lambert, Mike Gill, Unseating Jennifer Horn, FRM, scandals, corruption, and more….Part I
Today there will be a House Committee vote on SB180, a bill establishing a taxpayer funded bailout fund for investors who got swindled by the FRM Mortgage ponzi scheme. I’ll be honest. I’m not interested in any particulars on this. The amended cost for the legislation is $3,000,000.00 dollars (initially) to pay off investors who read some paperwork …
Three Million Dollar Taxpayer Funded FRM Bailout? Read More »
So let me get this straight, some 250 folks were trusting (nay, let’s be honest, greedy and stupid) enough to loan money to a Ponzi scheme in the hopes of making astonishing returns on those loans and when the scumbag operating it finally ran out of suckers and money and the game collapsed, these 250 …
Complete switch in topic – The FRM financial scandel that took a lot of people in NH to the cleaners. We hear so much that Government has to regulate more and more and more; what seems to have happened is that the state failed to do anything in the way of regulation at all. But …
