It's Just Time: By Martin Armstrong Oct. 2008
An interesting essay By Mr. Armstong.
Written Oct. 2008.
And yes he is still in jail.
He served 7 years for contempt of court, which seems ludicrous in itself.
He pleaded guilty to conspiracy to commit fraud 2007, and was senteneced to an additional 5 years, and was fined.
Anyway I just started reading it, so far it seems very interesting.
It's Just Time
A little biographical info about Mr. Armstrong.
http://www.nytimes.com/2007/02/16/b...nce/Times Topics/People/A/Armstrong, Martin A.
In 1999, Japanese fraud investigators determined that Armstrong had been collecting money from Japanese investors and improperly "commingling" those funds with funds from other investors—using the fresh money to cover losses he had incurred while trading, a form of Ponzi scheme. Armstrong was assisted in his scheme by the Republic New York bank, which produced false account statements to reassure Armstrong's investors, and which in 2001 agreed to pay $606 million as restitution for its part in the scandal.
Edmond Safra also founded the Republic National Bank of New York in 1966. He later opened Republic National Bank of New York (Suisse) in Geneva, and in 1988 formed Safra Republic Holdings S.A. Republic bank operated 80 branches in the New York area, making it the number three branch network in the metropolitan region behind Citigroup and Chase Manhattan.
By the early 1990s, Edmond Safra's fortune was an estimated at $2.5 billion. He was a major philanthropist. As he approached his 60s, the financier divided his time between his home in Geneva, New York and his villas including Villa Leopolda on the French Riviera. Weakened by Parkinson's disease, Safra required nursing care. In December 1999, Edmond Safra was killed in a fire that was deemed arson.
Ted Maher, his U.S.-born nurse, was arrested under suspicion of starting the fire, and was convicted of the crime in 2002 by the Monaco Court. He claimed that he started the fire to carry out a daring rescue, and thus increase his standing in the Safra family's eyes but he allegedly lost control of the fire unintentionally. This version of the murder is disputed by many who believe the plot to be extremely convenient.