The Rampart Investment Management scandal has been making waves in the financial world since its initial discovery in 2009. It is the story of an alleged criminal conspiracy to defraud investors out of millions of dollars by falsifying documents and misrepresenting their Investment activities. It is also a story of the nobility of a select few (such as Rampart Investment Management's Harry Markopolos and Frank Casey) to blow the whistle loud enough to bring the truth to light.
The story began in 2009 when Harry Markopolos, a chartered financial analyst, began to suspect something was amiss with the Rampart Investment Management Company. Markopolos had been working as a portfolio manager at Rampart Investment Management, and had begun to uncover evidence of fraud. He soon brought his suspicions to the attention of the Securities and Exchange Commission (SEC), but the SEC failed to act.
It was not until 2010 that Frank Casey, a former executive for Rampart Investment Co., asked the SEC to investigate. Casey had been shown evidence of the fraud, and was deeply concerned. He contacted the SEC and was able to convince them to take action.
In 2011, the SEC began an investigation into Rampart Investment Management, and uncovered a massive fraud that had been going on for years. It was revealed that the company had been falsifying documents, misrepresenting their Investment activities, and taking money from investors without ever investing it. There were at least two suicides connected to this case, as investors had been driven to despair by the losses they had suffered.
Rampart Investment Management was eventually forced to shut down, and the perpetrators of the fraud were brought to justice. The scandal caused shockwaves throughout the financial world, and served as a reminder of the importance of investor protection.
Since then, the Rampart Investment Management scandal has been used as an example of the potential consequences of financial fraud. It has highlighted the need for greater protection of investors, and has served as a warning to potential fraudsters.
The story of Rampart Investment Management is also a reminder of the importance of investing in the community. Every day, we receive dividends on Investment in our people when they provide excellent experiences to patrons of our virtual and physical businesses.
Rampart Investment Management is also a reminder that even in difficult markets, there can be success. South Rampart Pharma LLC, a New Orleans-based developer of non-opioid analgesics, operates in a difficult market—venture investors have been wary of biotech startups for some time. But South Rampart Pharma has achieved success, with a $124,527 Lightning Link grand jackpot won at Rampart Casino at the Resorts at Las Vegas. A quality $1.76 Investment.
Finally, Rampart Investment Management is a reminder that we need to be ever vigilant in protecting our Investment. Network breaches are becoming all too common, so the defenders at the ramparts are now a must-have service. To access this premium content, Chief Investment Officers and their teams must be aware of the threats posed by cyber criminals and take steps to secure their data.
