Friday, June 22, 2012

Gurudeo Persaud

  • According to a Securities And Exchange Commission Complaint, SEC v.
  • (Forbes)
  • MIAMI (AP) - Federal officials say a former central Florida broker ran an astrology-based Ponzi scheme.
  • (
  • This made our day (though of course we feel for the victims). The SEC has charged Florida investor Gurudeo "Buddy" Persaud  with concealing from his clients the fact that his investment strategy was based on the moon. Seriously.
  • (Yahoo Finance)
  • In charges filed yesterday in the U.S.
  • (InvestmentNews)
  • And, in return the commission, charged Gurudeo "Buddy" Persaud, a former registered rep with Money Concepts in Palm Beach Gardens, Fla., with fraud.
  • (

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