The IRE Resource Center is a major research library containing more than 23,250 investigative stories — both print and broadcast. These stories are searchable online or by contacting the Resource Center directly (573-882-3364 or email@example.com) where a researcher can help you pinpoint what you need. Browse or search the tipsheet section of our library below. Stories are not available for download but can be easily ordered by contacting the Resource Center:
Search results for "tech stocks" ...
This investigative story by the St. Louis Post-Dispatch looks at the power of the "boiler room" brokers who sell "stock in obsure U.S. companies" to foreign investors at a markup price. These companies, which sometimes operate with just a phone number and a Web site, eventually pack up and leave the investors holding on to useless and unattractive stock. According to the questionnaire, the investigation "explained how scarce resources, juisdictional questions and other obstacles have prevented American and foreign regulators and law-enforcement officials from shutting down the rings, or even putting a serious dent in their business."
BUSINESSWEEK tells the tale of how roughly 90 Proctor & Gamble workers were lured into quitting their jobs by the siren's call of a local stockbroker who promised them untold riches. Bill Gibbs, the stockbroker, convinced older workers to quit their jobs so he could gain control of their company-funded retirement accounts. As Gibbs' original investments began to falter, he sank his clients' portfolios heavily into tech and Internet stocks just as those sectors were peaking and about to begin devastating declines. Within a year, most of these workers saw their life savings wiped out.
Tags: A.G. Edwards; Procter & Gamble Co.; oil; health benefits; stockbroker; investing; life insurance; retirees; tech stocks; Internet stocks; portfolio; J.D. Power and Associates Inc.; First Union Brokerage; high yields; Dow Jones Industrial Average; Dow Dividend Strategy; Individual Retirement Account; Chevron; General Electric; General Motors; International Paper; 3M; high risk stocks; bankruptcy
CNN Financial News Moneyline "chronicled Martin Frankel's alleged embezzlement scheme from the convoluted string of insurance companies he controlled to the offshore Catholic charity he established with backing from a Vatican official to his life on the run in Europe. We reported on his high-tech trading operation, his curious talent for attracting celebrities and credible business partners, as well as his quirky lifestyle and checkered past."
Tags: TAPE TRANSCRIPT FBI Federal Bureau of Investigations SEC Securities and Exchange Commission Greenwich CT police US Attorney Justice Department insurance regulators fugitive Swiss bank accounts stock brokerage Liberty National Securities Catholic Church