Stanley Goldblum created Equity Funding Corporation of America in the 1960’s. The company combined an IBM mainframe to falsify accounts in bulk, and increased funding through a reinsurance scheme, to perpetrate fraud on a vast scale. The End of the Swindle Equity Funding Corporation of America was the talk of the town in Los Angeles […]
Mainframe: Madoff-size Money, Monstrous Misapplication – LOOP
In the early 1960’s, Stanley Goldblum created Equity Funding Corporation of America, also known as EFCA. In 1964, EFCA, under the direction of Goldblum, began to create fictitious entries, to make the company look good to investors. The Way What happened next was a natural progression of Goldblum’s “always thinking ahead” philosophy. It had occurred to […]
Mainframe: Madoff-size Money, Monstrous Misapplication – LOGON
The Equity Funding scam and sham of 50 years ago is still the colossus crime: committed with support of a computer system. Up until Bernie Madoff’s Ponzi scheme was sniffed out by the SEC, the Equity Funding Corporation of America scandal of the late 1960s and early 1970s was the biggest Wall Street swindle, in […]
Doc Mallett: The Time Of His Life
If space travel is the final frontier, then what is time travel? For Dr. Ronald Lawrence Mallett it is a lifelong labor of love. Get used to saying the following three names, three great minds ahead of their time, in one sentence: Newton, Einstein and Mallett. Assuredly, amidst the most desirable of dreams has been to […]