Purest Alpha

Here's one that came over the wires about a hedge fund scam in Chicago:

The three men promoted what they said was a risk-free investment that could yield profits of 10% per week. After giving the men US$25 million—US$23 million from a hedge fund Ms. Vaughn started in 2003 called Directors Performance Fund LLC, and US$2 million of her own money—that money was transferred several times and Ms. Vaughn eventually lost control of it

Never mind the monumental stupidity of the woman who got took. The SEC is prosecuting here as well as the guys. Think about the audacity of the guys that took her. Can you imagine sitting around thinking: "Lets find somebody stupid enough to believe in these returns", and then actually pulling it off, finding the sucker? That's top-notch suavity.