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Home › Forums › Financial Markets/Economics › Danny Pang: Our very own semi-local Ponzi Schemer!!

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  • April 29, 2009 at 11:58 PM #15578
    davelj
    Participant

    OK, he’s in Irvine. But looks like a doozy with “hundreds of millions” in purported pilfering, resume fabrication, and a former wife’s still-unsolved murder.

    Good times!

    Yes we CAN have our own quota of Ponzi Schemers, southern California!

    http://www.sec.gov/news/press/2009/2009-89.htm

    April 29, 2009 at 11:59 PM #389996
    afx114
    Participant

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

    April 29, 2009 at 11:59 PM #390658
    afx114
    Participant

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

    April 29, 2009 at 11:59 PM #390260
    afx114
    Participant

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

    April 29, 2009 at 11:59 PM #390518
    afx114
    Participant

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

    April 29, 2009 at 11:59 PM #390467
    afx114
    Participant

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

    April 30, 2009 at 7:30 AM #390532
    Allan from Fallbrook
    Participant

    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!

    April 30, 2009 at 7:30 AM #390723
    Allan from Fallbrook
    Participant

    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!

    April 30, 2009 at 7:30 AM #390582
    Allan from Fallbrook
    Participant

    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!

    April 30, 2009 at 7:30 AM #390325
    Allan from Fallbrook
    Participant

    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!

    April 30, 2009 at 7:30 AM #390061
    Allan from Fallbrook
    Participant

    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!

    April 30, 2009 at 7:46 AM #390330
    Coronita
    Participant

    [quote=Allan from Fallbrook]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![/quote]

    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.

    April 30, 2009 at 7:46 AM #390538
    Coronita
    Participant

    [quote=Allan from Fallbrook]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![/quote]

    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.

    April 30, 2009 at 7:46 AM #390730
    Coronita
    Participant

    [quote=Allan from Fallbrook]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![/quote]

    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.

    April 30, 2009 at 7:46 AM #390589
    Coronita
    Participant

    [quote=Allan from Fallbrook]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![/quote]

    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.

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