San Diego Housing Bubble News and Analysis

Damnit, I thought this was going to be about Darren Pang

Dave: Not to bag on UC Irvine, but why wouldn't you lay claim to an MBA from a more recognized name, like Stanford Graduate School of Business, or Marshall (USC) or even Graziado (Pepperdine)? Hell, if you're going for the gusto, why not Harvard or Sloan (MIT)?

And Morgan Stanley? Sheesh. Goldman Sachs is where the cachet is these days, baby! Those boys are stealing billions!

I think a higher profile school probably would have raised more alarm bells.

In asian, Morgan Stanley use to have a pretty big name (pre- Dean Witter acquisition. After the acquisition, I use to piss of my relatives by calling and asking "Can I apply for a Discover Card?")

As far as Danny is concerned, most of his "investors" were taiwanese.... I'm not surprised something like this happened. Heck, even the ex-Taiwanese Prez Chen is full of corruption as well as the Gu family that controls a 1/4 of taiwan's GDP (give or take a few percentage points).
At least Taiwan isn't afraid of throwing a Prez in jail.

Allan, I agree with flu here. I think it's a version of the Madoff strategy. Report reasonable, consistent returns instead of huge returns that might attract more attention. So, in Danny's case, lie... but lie about going to a lower profile school. Also, in the world of high (low?) finance that he was running in, it would probably be too likely that he'd run into an alumnus of a higher profile school from his year. Obviously I'm just speculating. Hopefully he'll explain it all in the book.

The speculation is the reason most of his investors were in taiwan was to avoid scrutiny here...And you're never going to find out how much he truely swindled because some of the taiwanese who were taken won't ever want to admit they were (something about not losing face). Imho, the cause of Danny's downfall is that he's too damn showy...He was very much a "look at me person here", wanting to mix in with high society here and attracted way too much attention.

You won't read about his memoirs....Oh, he's going to cooporate with the law enforcement here alright..
If he's extradited to Taiwan, I wouldn't be surprised if he turns up in a ditch..