Hair Balls' faith in humanity was temporarily restored this week when we saw a press release headlined "Texas Millionaire Offers Support to Charity Victims of Bernard Madoff." As you know, a lot of good non-profits, like the Innocence Project of Texas, which has helped free a bunch of wrongly convicted men in the last few years, lost money in Madoff's alleged $50 billion Ponzi scheme.So our first thought was: "Wow, T. Boone Pickens is gonna help these folks out!" Followed quickly by, "Wow, Micha
Photo by yomanimusBloomberg is reporting that the Houston-based Stanford Group Co. is under investigation by the Feds.
In the aftermath of the Bernie Madoff scandal, both the Securities and Exchange Commission and the Financial Industry Regulatory Authority want to know how Stanford can keep paying out 4.5 percent returns on its CDs year after year, global economic meltdown or not.The company has denied wrongdoing and has claimed the investigation is routine. More details on that front will fo
Houston has been pining since the Enron days. There's been a whole economic collapse going on, and it seemed like it was passing us by.Not in terms of job losses, of course, although we're doing better than most. But if there are shady businessmen about bilking people out of billions, then dammit, one of them better be a Houstonian.And now one officially is.Rumors have been swirling about the Houston-based Stanford Group, headed by an eccentric (polite for "nuts") guy called Robert Allen Stanfor
We long gave up trying to mesh the noble cause of UH's Students Against Sweatshops with their inane, self-defeating tactics.Things are getting weird with them once again.In an e-mail announcing a press conference this week (in which they'll discuss filing a new lawsuit), group president Timothy O'Brien takes off against Richard Alderman, UH's law prof who's semi-famous as "The People's Lawyer" of TV and print.O'Brien said Alderman "drafted the "Apparel Task Force" final report and offered a $250
